Shares of ESSA Bancorp, Inc. (NASDAQ:ESSA – Get Free Report) 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 – Get Free Report) 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
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.
Read More
- Five stocks we like better than ESSA Bancorp
- Business Services Stocks Investing
- The Outlook for Interest Rate Cuts Got Blown Out of the Water
- Investing In Preferred Stock vs. Common Stock
- 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally
Receive News & Ratings for ESSA Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ESSA Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.