StockNews.com began coverage on shares of ESSA Bancorp (NASDAQ:ESSA - Free Report) in a research report released on Tuesday morning. The firm issued a hold rating on the financial services provider's stock.
ESSA Bancorp Stock Performance
ESSA traded down $0.08 on Tuesday, reaching $19.17. The company had a trading volume of 18,336 shares, compared to its average volume of 16,752. 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 has a 1 year low of $15.82 and a 1 year high of $22.22. The stock has a market capitalization of $194.67 million, a PE ratio of 11.02 and a beta of 0.47. The stock has a 50-day moving average price of $18.51 and a 200-day moving average price of $19.65.
ESSA Bancorp (NASDAQ:ESSA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The company had revenue of $16.23 million for the quarter, compared to analyst estimates of $17.19 million. ESSA Bancorp had a return on equity of 7.27% and a net margin of 14.83%.
ESSA Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, March 17th. This represents a $0.60 annualized dividend and a yield of 3.13%. ESSA Bancorp's dividend payout ratio is presently 38.71%.
Institutional Trading of ESSA Bancorp
Several large investors have recently bought and sold shares of ESSA. Wells Fargo & Company MN boosted its position in shares of ESSA Bancorp by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 4,922 shares of the financial services provider's stock worth $96,000 after buying an additional 1,072 shares in the last quarter. Deutsche Bank AG acquired a new position in ESSA Bancorp during the fourth quarter worth about $109,000. Chancellor Financial Group WB LP purchased a new stake in shares of ESSA Bancorp in the first quarter valued at about $214,000. Bank of America Corp DE grew its position in shares of ESSA Bancorp by 44.5% in the fourth quarter. Bank of America Corp DE now owns 12,118 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 3,731 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of ESSA Bancorp during the 1st quarter worth approximately $239,000. 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.
See Also
Before you consider ESSA Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ESSA Bancorp wasn't on the list.
While ESSA Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
