ESSA Bancorp (NASDAQ:ESSA) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of ESSA Bancorp, Inc. (NASDAQ:ESSA) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.90 and traded as high as $19.27. ESSA Bancorp shares last traded at $18.82, with a volume of 3,767 shares traded.

ESSA Bancorp Trading Down 2.3 %

The company has a market cap of $190.68 million, a price-to-earnings ratio of 10.57 and a beta of 0.36. 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 firm’s 50-day moving average price is $18.72 and its 200 day moving average price is $17.90.

ESSA Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.19%. The ex-dividend date was Monday, September 16th. ESSA Bancorp’s payout ratio is currently 33.71%.

Institutional Trading of ESSA Bancorp

Hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its position in ESSA Bancorp by 27.1% in the 1st quarter. BNP Paribas Financial Markets now owns 4,502 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 961 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in ESSA Bancorp in the 2nd quarter valued at $300,000. Panagora Asset Management Inc. grew its position 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 valued at $518,000 after purchasing an additional 1,343 shares during the period. Bank of New York Mellon Corp grew its position in ESSA Bancorp by 3.4% in 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 purchasing an additional 977 shares during the period. Finally, Empowered Funds LLC grew its position 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 valued at $765,000 after purchasing an additional 3,150 shares during the period. Institutional investors and hedge funds 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.