Maltese Capital Management LLC lifted its position in ESSA Bancorp, Inc. (NASDAQ:ESSA) by 18.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 603,090 shares of the financial services provider’s stock after buying an additional 94,800 shares during the period. Maltese Capital Management LLC owned about 5.17% of ESSA Bancorp worth $8,847,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Gendell Jeffrey L lifted its position in ESSA Bancorp by 5.1% during the first quarter. Gendell Jeffrey L now owns 289,612 shares of the financial services provider’s stock worth $4,248,000 after acquiring an additional 14,165 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of ESSA Bancorp by 12.9% during the fourth quarter. Bank of New York Mellon Corp now owns 62,888 shares of the financial services provider’s stock worth $986,000 after purchasing an additional 7,206 shares during the period. Deutsche Bank AG increased its stake in ESSA Bancorp by 13.3% in the fourth quarter. Deutsche Bank AG now owns 35,463 shares of the financial services provider’s stock valued at $553,000 after acquiring an additional 4,161 shares during the last quarter. Quadrant Private Wealth Management LLC bought a new position in ESSA Bancorp in the fourth quarter valued at approximately $325,000. Finally, Wells Fargo & Company MN increased its stake in ESSA Bancorp by 53.2% in the fourth quarter. Wells Fargo & Company MN now owns 14,132 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 4,908 shares during the last quarter. Institutional investors and hedge funds own 40.80% of the company’s stock.
ESSA Bancorp opened at $15.84 on Tuesday, MarketBeat Ratings reports. ESSA Bancorp, Inc. has a 12-month low of $14.16 and a 12-month high of $16.80. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $187.68 million, a P/E ratio of 45.57 and a beta of 0.38.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 30th. Stockholders of record on Saturday, June 16th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, June 14th.
In other ESSA Bancorp news, CEO Gary S. Olson sold 8,800 shares of the business’s stock in a transaction dated Friday, April 6th. The shares were sold at an average price of $14.76, for a total value of $129,888.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Diane K. Reimer sold 10,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $15.55, for a total transaction of $166,385.00. The disclosure for this sale can be found here. Insiders sold a total of 72,433 shares of company stock valued at $1,077,534 over the last ninety days. 8.83% of the stock is currently owned by insiders.
Separately, TheStreet upgraded shares of ESSA Bancorp from a “c+” rating to a “b-” rating in a research report on Friday, June 1st.
ESSA Bancorp 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.