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

Equities research analysts at StockNews.com assumed coverage on shares of ESSA Bancorp (NASDAQ:ESSA) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.

ESSA Bancorp Stock Up 0.0 %

Shares of NASDAQ ESSA opened at $21.00 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.94. ESSA Bancorp has a one year low of $15.29 and a one year high of $22.22. The stock has a market capitalization of $213.26 million, a PE ratio of 12.07 and a beta of 0.40. The business’s fifty day moving average price is $20.46 and its 200-day moving average price is $19.63.

ESSA Bancorp (NASDAQ:ESSA) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter. ESSA Bancorp had a return on equity of 7.27% and a net margin of 14.83%.

Institutional Trading of ESSA Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of ESSA Bancorp by 0.5% during the 3rd quarter. State Street Corp now owns 115,996 shares of the financial services provider’s stock valued at $2,229,000 after purchasing an additional 554 shares during the period. Geode Capital Management LLC increased its stake in ESSA Bancorp by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 186,717 shares of the financial services provider’s stock worth $3,641,000 after acquiring an additional 623 shares during the last quarter. Northeast Financial Group Inc. increased its stake in ESSA Bancorp by 4.5% in the 3rd quarter. Northeast Financial Group Inc. now owns 16,346 shares of the financial services provider’s stock worth $314,000 after acquiring an additional 700 shares during the last quarter. Empowered Funds LLC increased its stake in ESSA Bancorp by 1.9% in the 4th quarter. Empowered Funds LLC now owns 48,508 shares of the financial services provider’s stock worth $946,000 after acquiring an additional 900 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in ESSA Bancorp by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 4,922 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 1,072 shares during the last quarter. 54.15% of the stock is currently 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.