Investment analysts at StockNews.com assumed coverage on shares of ESSA Bancorp (NASDAQ:ESSA - Get Free Report) in a report issued on Monday. The brokerage set a "hold" rating on the financial services provider's stock.
ESSA Bancorp Price Performance
ESSA opened at $19.84 on Monday. The firm has a market cap of $201.48 million, a price-to-earnings ratio of 11.40 and a beta of 0.40. ESSA Bancorp has a fifty-two week low of $15.29 and a fifty-two week high of $22.22. The company's 50-day moving average price is $20.56 and its 200 day moving average price is $19.73. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04.
ESSA Bancorp (NASDAQ:ESSA - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.41 earnings per share for the quarter. ESSA Bancorp had a net margin of 14.83% and a return on equity of 7.27%.
Institutional Investors Weigh In On ESSA Bancorp
Several institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC increased its stake in shares of ESSA Bancorp by 184.2% in the third quarter. Barclays PLC now owns 13,723 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 8,895 shares during the period. JPMorgan Chase & Co. increased its stake in shares of ESSA Bancorp by 126.5% in the third 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. State Street Corp increased its stake in shares of ESSA Bancorp by 0.5% in the third 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 shares of ESSA Bancorp by 2.4% in the third quarter. Geode Capital Management LLC now owns 186,094 shares of the financial services provider's stock valued at $3,577,000 after purchasing an additional 4,431 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of ESSA Bancorp by 1.9% in the fourth quarter. Empowered Funds LLC now owns 48,508 shares of the financial services provider's stock valued at $946,000 after purchasing an additional 900 shares during the period. Institutional investors and hedge funds own 54.15% of the company's stock.
About ESSA Bancorp
(
Get Free Report)
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.
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