ESSA Bancorp (NASDAQ:ESSA) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Shares of ESSA Bancorp, Inc. (NASDAQ:ESSA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.67 and traded as high as $18.55. ESSA Bancorp shares last traded at $18.42, with a volume of 2,739 shares traded.

ESSA Bancorp Stock Up 1.5 %

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $18.26 and its 200-day simple moving average is $17.67. The firm has a market capitalization of $186.63 million, a P/E ratio of 9.96 and a beta of 0.36.

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

ESSA Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date was Monday, September 16th. ESSA Bancorp’s dividend payout ratio is currently 32.43%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its position in shares of ESSA Bancorp by 27.1% during the 1st quarter. BNP Paribas Financial Markets now owns 4,502 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 961 shares during the period. Bank of New York Mellon Corp grew its position in shares of ESSA Bancorp by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,115 shares of the financial services provider’s stock valued at $530,000 after acquiring an additional 977 shares during the period. Panagora Asset Management Inc. boosted its holdings in ESSA Bancorp by 4.8% in the 2nd quarter. Panagora Asset Management Inc. now owns 29,444 shares of the financial services provider’s stock worth $518,000 after buying an additional 1,343 shares during the period. Vanguard Group Inc. boosted its holdings in ESSA Bancorp by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 441,226 shares of the financial services provider’s stock worth $8,044,000 after buying an additional 2,056 shares during the period. Finally, Empowered Funds LLC boosted its holdings in ESSA Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 41,956 shares of the financial services provider’s stock worth $765,000 after buying an additional 3,150 shares during the period. 54.15% of the stock is owned by institutional investors.

ESSA Bancorp Company Profile

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.