StockNews.com assumed coverage on shares of ESSA Bancorp (NASDAQ:ESSA - Get Free Report) in a research note issued to investors on Wednesday. The firm set a "hold" rating on the financial services provider's stock.
ESSA Bancorp Price Performance
Shares of ESSA stock opened at $19.23 on Wednesday. The firm's 50 day moving average price is $18.52 and its two-hundred day moving average price is $19.65. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94. ESSA Bancorp has a 52-week low of $15.82 and a 52-week high of $22.22. The stock has a market cap of $195.28 million, a PE ratio of 11.05 and a beta of 0.47.
ESSA Bancorp (NASDAQ:ESSA - Get Free Report) last posted its quarterly earnings results 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). ESSA Bancorp had a net margin of 14.83% and a return on equity of 7.27%. The company had revenue of $16.23 million during the quarter, compared to analyst estimates of $17.19 million.
Institutional Trading of ESSA Bancorp
A number of hedge funds have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in ESSA Bancorp during the first quarter valued at approximately $196,000. Empowered Funds LLC boosted its position in shares of ESSA Bancorp by 3.8% during the first quarter. Empowered Funds LLC now owns 50,340 shares of the financial services provider's stock worth $949,000 after purchasing an additional 1,832 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of ESSA Bancorp by 66.5% in the 1st quarter. Hsbc Holdings PLC now owns 30,498 shares of the financial services provider's stock valued at $578,000 after buying an additional 12,180 shares during the period. Nuveen LLC bought a new stake in shares of ESSA Bancorp in the 1st quarter valued at $239,000. Finally, Deutsche Bank AG increased its position in shares of ESSA Bancorp by 34.9% in the 1st quarter. Deutsche Bank AG now owns 7,567 shares of the financial services provider's stock valued at $143,000 after buying an additional 1,959 shares in the last quarter. 54.15% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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