Bank of New York Mellon Corp Has $436,000 Stake in ESSA Bancorp, Inc. (NASDAQ:ESSA)

Bank of New York Mellon Corp lowered its stake in shares of ESSA Bancorp, Inc. (NASDAQ:ESSA) by 5.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 22,379 shares of the financial services provider’s stock after selling 1,345 shares during the period. Bank of New York Mellon Corp’s holdings in ESSA Bancorp were worth $436,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Barclays PLC increased its stake in ESSA Bancorp by 184.2% during the third quarter. Barclays PLC now owns 13,723 shares of the financial services provider’s stock valued at $264,000 after acquiring an additional 8,895 shares during the period. JPMorgan Chase & Co. increased its position in shares of ESSA Bancorp by 126.5% during the third quarter. JPMorgan Chase & Co. now owns 14,567 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 8,136 shares during the period. State Street Corp raised its stake in shares of ESSA Bancorp by 0.5% in the third quarter. State Street Corp now owns 115,996 shares of the financial services provider’s stock valued at $2,229,000 after purchasing an additional 554 shares in the last quarter. Geode Capital Management LLC lifted its position in ESSA Bancorp by 2.4% in the third quarter. Geode Capital Management LLC now owns 186,094 shares of the financial services provider’s stock worth $3,577,000 after purchasing an additional 4,431 shares during the period. Finally, Empowered Funds LLC boosted its stake in ESSA Bancorp by 1.9% during the fourth quarter. Empowered Funds LLC now owns 48,508 shares of the financial services provider’s stock worth $946,000 after buying an additional 900 shares in the last quarter. Institutional investors own 54.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of ESSA Bancorp in a research note on Wednesday. They issued a “hold” rating for the company.

ESSA Bancorp Stock Down 2.0 %

Shares of ESSA opened at $18.93 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $20.51 and a two-hundred day moving average price of $19.82. The stock has a market cap of $192.23 million, a price-to-earnings ratio of 10.88 and a beta of 0.40. ESSA Bancorp, Inc. has a 12 month low of $15.29 and a 12 month high of $22.22.

ESSA Bancorp (NASDAQ:ESSA) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.41 EPS for the quarter. ESSA Bancorp had a return on equity of 7.27% and a net margin of 14.83%.

ESSA Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Monday, March 17th. ESSA Bancorp’s dividend payout ratio (DPR) is currently 34.48%.

ESSA Bancorp Company Profile

ESSA Bancorp, Inc operates as a bank holding company for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. The company accepts 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.