Pinnacle Holdings LLC Has $1.09 Million Stock Holdings in ESSA Bancorp, Inc. (NASDAQ:ESSA)

Pinnacle Holdings LLC decreased its holdings in shares of ESSA Bancorp, Inc. (NASDAQ:ESSA) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 71,371 shares of the financial services provider’s stock after selling 1,810 shares during the period. Pinnacle Holdings LLC’s holdings in ESSA Bancorp were worth $1,088,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its position in shares of ESSA Bancorp by 0.4% during the 2nd quarter. BlackRock Inc. now owns 481,868 shares of the financial services provider’s stock valued at $7,349,000 after acquiring an additional 1,752 shares during the last quarter. US Bancorp DE bought a new stake in shares of ESSA Bancorp during the 2nd quarter valued at $168,000. Northern Trust Corp raised its position in shares of ESSA Bancorp by 1.9% during the 2nd quarter. Northern Trust Corp now owns 134,085 shares of the financial services provider’s stock valued at $2,045,000 after acquiring an additional 2,555 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of ESSA Bancorp by 1.3% during the 2nd quarter. Renaissance Technologies LLC now owns 500,889 shares of the financial services provider’s stock valued at $7,639,000 after acquiring an additional 6,400 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of ESSA Bancorp by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,535 shares of the financial services provider’s stock valued at $1,030,000 after acquiring an additional 3,062 shares during the last quarter. Institutional investors own 43.01% of the company’s stock.

Shares of ESSA Bancorp stock traded down $0.01 on Friday, hitting $16.24. 418 shares of the company’s stock traded hands, compared to its average volume of 11,013. The firm’s 50-day moving average price is $15.04 and its two-hundred day moving average price is $15.39. The stock has a market capitalization of $185.87 million, a PE ratio of 14.32 and a beta of 0.22. ESSA Bancorp, Inc. has a one year low of $14.15 and a one year high of $16.80. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.94 and a quick ratio of 0.94.

The firm also recently announced a — dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.10 per share. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, September 13th.

ESSA Bancorp Company 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. 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.

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Institutional Ownership by Quarter for ESSA Bancorp (NASDAQ:ESSA)

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