ESSA Bancorp, Inc. (NASDAQ:ESSA) Plans Quarterly Dividend of $0.15

ESSA Bancorp, Inc. (NASDAQ:ESSA) announced a quarterly dividend on Tuesday, August 27th, Zacks reports. Investors of record on Monday, September 16th will be given a dividend of 0.15 per share by the financial services provider on Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Monday, September 16th.

ESSA Bancorp has raised its dividend payment by an average of 10.9% annually over the last three years. ESSA Bancorp has a dividend payout ratio of 30.9% indicating that its dividend is sufficiently covered by earnings.

ESSA Bancorp Stock Up 3.3 %

Shares of ESSA stock opened at $18.89 on Friday. ESSA Bancorp has a 12-month low of $14.30 and a 12-month high of $20.87. 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 firm has a fifty day moving average of $18.27 and a 200-day moving average of $17.55. The company has a market capitalization of $191.36 million, a price-to-earnings ratio of 10.21 and a beta of 0.36.

ESSA Bancorp (NASDAQ:ESSA) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). The firm had revenue of $16.28 million during the quarter, compared to analyst estimates of $17.29 million. ESSA Bancorp had a net margin of 15.78% and a return on equity of 7.84%.

About ESSA Bancorp

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.