ESSA Bancorp, Inc. (ESSA) CEO Gary S. Olson Sells 8,800 Shares

ESSA Bancorp, Inc. (NASDAQ:ESSA) CEO Gary S. Olson sold 8,800 shares of the stock in a transaction that occurred on Friday, April 6th. The shares were sold at an average price of $14.76, for a total value of $129,888.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Gary S. Olson also recently made the following trade(s):

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  • On Tuesday, April 17th, Gary S. Olson sold 22,918 shares of ESSA Bancorp stock. The shares were sold at an average price of $14.75, for a total value of $338,040.50.
  • On Monday, April 9th, Gary S. Olson sold 203 shares of ESSA Bancorp stock. The stock was sold at an average price of $14.75, for a total value of $2,994.25.
  • On Monday, April 9th, Gary S. Olson sold 9,003 shares of ESSA Bancorp stock. The stock was sold at an average price of $14.76, for a total value of $132,884.28.
  • On Thursday, March 29th, Gary S. Olson sold 324 shares of ESSA Bancorp stock. The stock was sold at an average price of $14.75, for a total value of $4,779.00.
  • On Monday, March 12th, Gary S. Olson sold 3,340 shares of ESSA Bancorp stock. The stock was sold at an average price of $14.78, for a total value of $49,365.20.
  • On Friday, March 9th, Gary S. Olson sold 1,400 shares of ESSA Bancorp stock. The stock was sold at an average price of $14.80, for a total value of $20,720.00.
  • On Monday, March 12th, Gary S. Olson sold 4,740 shares of ESSA Bancorp stock. The stock was sold at an average price of $14.79, for a total value of $70,104.60.

NASDAQ:ESSA opened at $14.79 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.90 and a quick ratio of 0.90. ESSA Bancorp, Inc. has a 1 year low of $14.16 and a 1 year high of $16.80. The firm has a market capitalization of $171.13, a price-to-earnings ratio of 41.94 and a beta of 0.36.

ESSA Bancorp (NASDAQ:ESSA) last released its earnings results on Thursday, January 25th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter. ESSA Bancorp had a return on equity of 2.09% and a net margin of 5.59%. The firm had revenue of $13.74 million during the quarter.

The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Thursday, March 15th.

Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its holdings in shares of ESSA Bancorp by 77.7% in the third quarter. Wells Fargo & Company MN now owns 9,224 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 4,034 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of ESSA Bancorp by 51.5% in the second quarter. The Manufacturers Life Insurance Company now owns 10,901 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 3,704 shares during the period. Quadrant Private Wealth Management LLC bought a new position in shares of ESSA Bancorp in the fourth quarter worth $325,000. Sei Investments Co. boosted its holdings in shares of ESSA Bancorp by 59.6% in the third quarter. Sei Investments Co. now owns 22,312 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 8,328 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of ESSA Bancorp by 13.3% in the fourth quarter. Deutsche Bank AG now owns 35,463 shares of the financial services provider’s stock worth $553,000 after acquiring an additional 4,161 shares during the period. 40.84% of the stock is owned by hedge funds and other institutional investors.

Separately, TheStreet downgraded ESSA Bancorp from a “b” rating to a “c+” rating in a research report on Friday, January 26th.

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ESSA Bancorp Company Profile

ESSA Bancorp, Inc operates as the holding company for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. Its deposit products include savings accounts, interest bearing demand accounts, checking accounts, money market accounts, club accounts, certificates of deposit and IRAs, and other qualified plan accounts, as well as commercial checking accounts for businesses.

Insider Buying and Selling by Quarter for ESSA Bancorp (NASDAQ:ESSA)

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