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

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

ESSA Bancorp Trading Up 0.1 %

NASDAQ ESSA opened at $21.84 on Friday. The firm’s 50-day moving average is $20.17 and its two-hundred day moving average is $19.35. ESSA Bancorp has a 12 month low of $15.29 and a 12 month high of $22.22. 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 $221.79 million, a P/E ratio of 12.55 and a beta of 0.40.

ESSA Bancorp (NASDAQ:ESSA) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.41 EPS for the quarter. ESSA Bancorp had a net margin of 14.83% and a return on equity of 7.33%.

Institutional Trading of ESSA Bancorp

Hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its position in shares of ESSA Bancorp by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 4,922 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 1,072 shares in the last quarter. 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 purchasing an additional 8,895 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of ESSA Bancorp by 126.5% during the third quarter. JPMorgan Chase & Co. now owns 14,567 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 8,136 shares in the last quarter. Northeast Financial Group Inc. lifted its position in shares of ESSA Bancorp by 4.5% during the third quarter. Northeast Financial Group Inc. now owns 16,346 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 700 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in ESSA Bancorp by 51.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,539 shares of the financial services provider’s stock valued at $433,000 after acquiring an additional 7,696 shares in the last quarter. Institutional investors and hedge funds own 54.15% of the company’s stock.

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.