ESSA Bancorp (NASDAQ:ESSA) Shares Cross Above 200-Day Moving Average - Time to Sell?

ESSA Bancorp, Inc. (NASDAQ:ESSA - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.97 and traded as high as $19.50. ESSA Bancorp shares last traded at $19.50, with a volume of 77,696 shares.

ESSA Bancorp Trading Up 0.5 %

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $19.83 and a 200 day moving average of $18.99. The firm has a market cap of $199.04 million, a PE ratio of 11.01 and a beta of 0.40.

ESSA Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.60 dividend on an annualized basis and a yield of 3.06%. ESSA Bancorp's dividend payout ratio is presently 33.71%.

Institutional Trading of ESSA Bancorp

A number of institutional investors have recently modified their holdings of ESSA. Bank of New York Mellon Corp lifted its position in shares of ESSA Bancorp by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 30,115 shares of the financial services provider's stock worth $530,000 after acquiring an additional 977 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of ESSA Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 47,608 shares of the financial services provider's stock worth $915,000 after buying an additional 2,412 shares in the last quarter. Northeast Financial Group Inc. boosted its holdings 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 valued at $314,000 after purchasing an additional 700 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of ESSA Bancorp by 51.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,539 shares of the financial services provider's stock worth $433,000 after purchasing an additional 7,696 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of ESSA Bancorp by 0.5% in the 3rd quarter. State Street Corp now owns 115,996 shares of the financial services provider's stock worth $2,229,000 after buying an additional 554 shares during the last quarter. 54.15% of the stock is currently owned by hedge funds and other institutional investors.

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.