President and CEO of ESSA Bancorp Inc. (ESSA) Gary S Olson sells 6,500 shares of ESSA on 11/18/2010 at an average price of $12.7 a share.

Essa Bancorp Inc. has a market cap of $174.49 million; its shares were traded at around $12.68 with a P/E ratio of 30.19 and P/S ratio of 3.12. The dividend yield of Essa Bancorp Inc. stocks is 1.58%.

ESSA is in the portfolios of Charles Brandes of Brandes Investment.


This is the insider trade history vs. stock price of ESSA. For the complete insider trading history of ESSA, click here.

Directors and Officers Recent Trades:

• Buy: Vice President Thomas J Grayuski bought 300 shares of ESSA stock on 09/14/2010 at the average price of 11.29. Thomas J Grayuski owns at least 99,078 shares after this. The price of the stock has increased by 12.31% since.


• Buy: Vice President Thomas J Grayuski bought 400 shares of ESSA stock on 09/08/2010 at the average price of 11.34. Thomas J Grayuski owns at least 98,778 shares after this. The price of the stock has increased by 11.82% since.


• Buy: Vice President Thomas J Grayuski bought 300 shares of ESSA stock on 08/10/2010 at the average price of 11.69. Thomas J Grayuski owns at least 98,072 shares after this. The price of the stock has increased by 8.47% since.


• Buy: Vice President Thomas J Grayuski bought 250 shares of ESSA stock on 05/27/2010 at the average price of 11.91. Thomas J Grayuski owns at least 97,329 shares after this. The price of the stock has increased by 6.47% since.


• Buy: Director William A Viechnicki bought 3,000 shares of ESSA stock on 05/27/2010 at the average price of 11.97. William A Viechnicki owns at least 69,477 shares after this. The price of the stock has increased by 5.93% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

More Gurufocus Links

Latest Guru Picks	Value Strategies
Warren Buffett Portfolio	Ben Graham Net-Net
Real Time Picks	Buffett-Munger Screener
Aggregated Portfolio	Undervalued Predictable
ETFs, Options	Low P/S Companies
Insider Trends	10-Year Financials
52-Week Lows	Interactive Charts
Model Portfolios	DCF Calculator
RSS Feed	Monthly Newsletters
The All-In-One Screener	Portfolio Tracking Tool