ESSA Bancorp (NASDAQ:ESSA) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

ESSA Bancorp, Inc. (NASDAQ:ESSA) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.97 and traded as high as $19.50. ESSA Bancorp shares last traded at $19.50, with a volume of 77,696 shares trading hands.

ESSA Bancorp Trading Up 2.0 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $198.02 million, a PE ratio of 10.96 and a beta of 0.40. The company’s 50 day moving average price is $19.83 and its two-hundred day moving average price is $18.97.

ESSA Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.60 annualized dividend and a dividend yield of 3.08%. ESSA Bancorp’s dividend payout ratio (DPR) is 33.71%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of ESSA Bancorp by 2.4% in the third quarter. Geode Capital Management LLC now owns 186,094 shares of the financial services provider’s stock worth $3,577,000 after acquiring an additional 4,431 shares in the last quarter. State Street Corp raised its stake in shares of ESSA Bancorp by 0.5% during the third quarter. State Street Corp now owns 115,996 shares of the financial services provider’s stock worth $2,229,000 after purchasing an additional 554 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of ESSA Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 47,608 shares of the financial services provider’s stock valued at $915,000 after buying an additional 2,412 shares during the period. Bank of New York Mellon Corp boosted its stake 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 worth $530,000 after acquiring an additional 977 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of ESSA Bancorp by 51.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,539 shares of the financial services provider’s stock worth $433,000 after buying an additional 7,696 shares during the last quarter. Hedge funds and other institutional investors own 54.15% of the company’s 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.