Maltese Capital Management LLC Has $10.37 Million Holdings in ESSA Bancorp, Inc. (NASDAQ:ESSA)
Maltese Capital Management LLC raised its holdings in ESSA Bancorp, Inc. (NASDAQ:ESSA) by 8.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 655,200 shares of the financial services provider’s stock after acquiring an additional 52,110 shares during the period. Maltese Capital Management LLC owned about 5.57% of ESSA Bancorp worth $10,372,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of ESSA. PL Capital Advisors LLC acquired a new stake in shares of ESSA Bancorp during the 2nd quarter valued at $1,352,000. Beese Fulmer Investment Management Inc. raised its position in ESSA Bancorp by 39.0% during the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 21,397 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 6,000 shares during the last quarter. Deutsche Bank AG raised its position in ESSA Bancorp by 13.3% during the 4th quarter. Deutsche Bank AG now owns 35,463 shares of the financial services provider’s stock worth $553,000 after purchasing an additional 4,161 shares during the last quarter. Wells Fargo & Company MN raised its position in ESSA Bancorp by 53.2% during the 4th quarter. Wells Fargo & Company MN now owns 14,132 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 4,908 shares during the last quarter. Finally, Gendell Jeffrey L raised its position in ESSA Bancorp by 5.1% during the 1st quarter. Gendell Jeffrey L now owns 289,612 shares of the financial services provider’s stock worth $4,248,000 after purchasing an additional 14,165 shares during the last quarter. 42.22% of the stock is owned by hedge funds and other institutional investors.
In other ESSA Bancorp news, CEO Gary S. Olson sold 10,600 shares of ESSA Bancorp stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $16.00, for a total transaction of $169,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary S. Olson sold 1,719 shares of ESSA Bancorp stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $16.20, for a total value of $27,847.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,475 shares of company stock valued at $232,266. 8.83% of the stock is currently owned by company insiders.
Shares of ESSA traded down $0.02 during trading hours on Friday, hitting $15.71. The stock had a trading volume of 14,227 shares, compared to its average volume of 5,461. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $185.82 million, a PE ratio of 38.44 and a beta of 0.31. ESSA Bancorp, Inc. has a 1-year low of $14.16 and a 1-year high of $16.80.
The company also recently announced a quarterly dividend, which will be paid on Sunday, September 30th. Stockholders of record on Sunday, September 16th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.36 annualized dividend and a dividend yield of 2.29%.
About ESSA Bancorp
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.
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