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

ESSA Bancorp, Inc. (NASDAQ:ESSA) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.15 per share by the financial services provider on Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Monday, March 17th.

ESSA Bancorp has increased its dividend payment by an average of 7.7% annually over the last three years.

ESSA Bancorp Price Performance

Shares of ESSA traded up $0.10 during trading hours on Thursday, hitting $20.99. The stock had a trading volume of 9,018 shares, compared to its average volume of 31,550. The company’s fifty day moving average is $20.39 and its two-hundred day moving average is $19.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.94. ESSA Bancorp has a 52 week low of $15.29 and a 52 week high of $22.22. The stock has a market capitalization of $213.15 million, a price-to-earnings ratio of 12.06 and a beta of 0.40.

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

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of ESSA Bancorp in a report on Saturday, February 22nd. They set a “hold” rating on the stock.

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.