ESSA Bancorp (NASDAQ:ESSA) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of ESSA Bancorp (NASDAQ:ESSA) in a report issued on Saturday morning. The firm issued a hold rating on the financial services provider’s stock.

ESSA Bancorp Price Performance

Shares of ESSA stock opened at $20.84 on Friday. The stock’s fifty day moving average is $20.35 and its 200-day moving average is $19.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $211.53 million, a PE ratio of 11.98 and a beta of 0.40. ESSA Bancorp has a 52 week low of $15.29 and a 52 week high of $22.22.

ESSA Bancorp (NASDAQ:ESSA) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.41 EPS for the quarter. ESSA Bancorp had a return on equity of 7.27% and a net margin of 14.83%.

Institutional Trading of ESSA Bancorp

Several large investors have recently made changes to their positions in the business. FJ Capital Management LLC grew its holdings in shares of ESSA Bancorp by 2.7% during the fourth quarter. FJ Capital Management LLC now owns 967,168 shares of the financial services provider’s stock worth $18,860,000 after purchasing an additional 25,176 shares during the last quarter. Geode Capital Management LLC boosted its holdings in ESSA Bancorp by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 186,717 shares of the financial services provider’s stock valued at $3,641,000 after acquiring an additional 623 shares during the last quarter. State Street Corp boosted its holdings in 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 acquiring an additional 554 shares during the last quarter. Northern Trust Corp boosted its holdings in ESSA Bancorp by 3.4% in the fourth quarter. Northern Trust Corp now owns 69,810 shares of the financial services provider’s stock valued at $1,361,000 after acquiring an additional 2,289 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in 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 acquiring an additional 900 shares during the last quarter. Institutional investors own 54.15% of the company’s stock.

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.