Arbiter Partners Capital Management Lowers stake in ESSA Bancorp (ESSA)

ESSA Bancorp (ESSA) : Arbiter Partners Capital Management reduced its stake in ESSA Bancorp by 3.73% during the most recent quarter end. The investment management company now holds a total of 263,730 shares of ESSA Bancorp which is valued at $3,702,769 after selling 10,223 shares in ESSA Bancorp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.ESSA Bancorp makes up approximately 1.25% of Arbiter Partners Capital Management’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp reduced its stake in ESSA by selling 37,905 shares or 14.19% in the most recent quarter. The Hedge Fund company now holds 229,308 shares of ESSA which is valued at $3,219,484.Banc Funds Co reduced its stake in ESSA by selling 2,989 shares or 2.28% in the most recent quarter. The Hedge Fund company now holds 128,218 shares of ESSA which is valued at $1,800,181. ESSA Bancorp makes up approx 0.10% of Banc Funds Co’s portfolio. Credit Suisse Ag sold out all of its stake in ESSA during the most recent quarter. The investment firm sold 34,123 shares of ESSA which is valued $479,087.Maltese Capital Management boosted its stake in ESSA in the latest quarter, The investment management firm added 65,600 additional shares and now holds a total of 415,600 shares of ESSA Bancorp which is valued at $5,835,024. ESSA Bancorp makes up approx 0.69% of Maltese Capital Management’s portfolio.

ESSA Bancorp closed down -0.14 points or -1.02% at $13.61 with 11,085 shares getting traded on Thursday. Post opening the session at $13.6, the shares hit an intraday low of $13.5201 and an intraday high of $13.62 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

ESSA Bancorp Inc. is the Pennsylvania-chartered stock holding company of ESSA Bank & Trust (the Bank). The Company provides financial services to individuals families and businesses through its approximately 30 full-service banking offices located in Monroe Northampton and Lehigh counties Pennsylvania. The Bank’s business consists primarily of accepting deposits from the general public and investing those deposits together with funds generated from operations and borrowings in residential first mortgage loans (including construction mortgage loans) commercial real estate loans home equity loans and lines of credit commercial and consumer loans (including indirect auto loans). It offers a range of deposit accounts including checking savings and certificates of deposits. It also offers asset management and trust services. The Company also offers investment services. It offers insurance benefit consulting services through its subsidiary ESSA Advisory Services LLC.

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