ESSA Bancorp (NASDAQ:ESSA) Stock Passes Above 200-Day Moving Average - Here's What Happened

ESSA Bancorp, Inc. (NASDAQ:ESSA - Get Free Report)'s stock price 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 trading hands.

ESSA Bancorp Trading Up 1.0 %

The stock has a 50 day moving average of $18.74 and a 200-day moving average of $17.91. The company has a market capitalization of $192.47 million, a P/E ratio of 10.48 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.

ESSA Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.16%. ESSA Bancorp's dividend payout ratio (DPR) is presently 33.71%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its holdings 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 worth $82,000 after acquiring an additional 961 shares in the last quarter. Bank of New York Mellon Corp raised its holdings 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 worth $530,000 after acquiring an additional 977 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in shares of ESSA Bancorp by 4.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 29,444 shares of the financial services provider's stock worth $518,000 after acquiring an additional 1,343 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of ESSA Bancorp by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 441,226 shares of the financial services provider's stock worth $8,044,000 after acquiring an additional 2,056 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in ESSA Bancorp by 8.1% during the 1st quarter. Empowered Funds LLC now owns 41,956 shares of the financial services provider's stock valued at $765,000 after buying an additional 3,150 shares during the period. 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.