ESSA Bancorp (NASDAQ:ESSA) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of ESSA Bancorp (NASDAQ:ESSA) in a research report issued on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

ESSA Bancorp Stock Down 0.4 %

ESSA stock opened at $21.06 on Wednesday. The stock has a fifty day moving average of $19.92 and a 200-day moving average of $19.19. ESSA Bancorp has a fifty-two week low of $15.29 and a fifty-two week high of $21.50. The company has a market capitalization of $213.76 million, a price-to-earnings ratio of 11.83 and a beta of 0.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ESSA. Barclays PLC lifted its position in shares of ESSA Bancorp by 184.2% during the third quarter. Barclays PLC now owns 13,723 shares of the financial services provider’s stock worth $264,000 after acquiring an additional 8,895 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of ESSA Bancorp by 126.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,567 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 8,136 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in 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 purchasing an additional 7,696 shares in the last quarter. Geode Capital Management LLC boosted its stake in ESSA Bancorp by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 186,094 shares of the financial services provider’s stock worth $3,577,000 after purchasing an additional 4,431 shares during the period. Finally, Empowered Funds LLC grew its holdings in ESSA Bancorp by 5.3% during 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 in the last quarter. 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.