NASDAQ:ESSA

ESSA Bancorp (ESSA) Stock Forecast, Price & News

$15.19

-0.26 (-1.68%)

(As of 09/27/2023 ET)

Compare

Today's Range: $15.19
▼
$16.09
50-Day Range: $14.87
▼
$17.36
52-Week Range: $12.79
▼
$21.80

Volume: 20,647 shs
Average Volume: 22,625 shs
Market Capitalization: $157.98 million

P/E Ratio: 7.48
Dividend Yield: 3.95%
Price Target: $17.00

ESSA Bancorp MarketRank™ Forecast

Analyst Rating: 0.00 Rating Score
Upside/Downside: 11.9% Upside
$17.00 Price Target
Short Interest: Healthy
1.50% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.21
Based on 5 Articles This Week
Insider Trading: Acquiring Shares
$144,905 Bought Last Quarter
Proj. Earnings Growth: -0.54%
From $1.85 to $1.84 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Finance Sector

560th out of 870 stocks

Savings Institutions, Except Federal Industry

9th out of 18 stocks

1.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $17.00, ESSA Bancorp has a forecasted upside of 11.9% from its current price of $15.19.
Amount of Analyst Coverage
ESSA Bancorp has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.50% of the float of ESSA Bancorp has been sold short.
Short Interest Ratio / Days to Cover
ESSA Bancorp has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in ESSA Bancorp has recently decreased by 16.48%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
ESSA Bancorp is a leading dividend payer. It pays a dividend yield of 3.88%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
ESSA Bancorp has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of ESSA Bancorp is 29.56%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, ESSA Bancorp will have a dividend payout ratio of 32.61% next year. This indicates that ESSA Bancorp will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ESSA.

2.3

News and Social Media Coverage

News Sentiment
ESSA Bancorp has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.69 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for ESSA Bancorp this week, compared to 2 articles on an average week.
MarketBeat Follows
2 people have added ESSA Bancorp to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ESSA Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $144,905.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 6.84% of the stock of ESSA Bancorp is held by insiders.
Percentage Held by Institutions
44.24% of the stock of ESSA Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for ESSA Bancorp are expected to decrease by -0.54% in the coming year, from $1.85 to $1.84 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ESSA Bancorp is 7.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of ESSA Bancorp is 7.48, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 82.67.
Price to Book Value per Share Ratio
ESSA Bancorp has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About ESSA Bancorp (NASDAQ:ESSA) Stock

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. Its loan portfolio includes first mortgage loans for the purchase, construction, or refinancing of one- to four-family residential real estate property; commercial real estate loans; home equity loans and lines of credit; and commercial and other consumer loans, as well as loans secured by deposits and personal unsecured loans. In addition, the company offers insurance benefits consulting services, such as health insurance, life insurance, short term and long term disability, dental, vision, 401(K) retirement planning, and individual health products, as well as asset management and trust, and investment services. It operates community offices, including offices in Monroe County, Lehigh County, Northampton County, Lackawanna County, Luzerne County, Chester County, Delaware County, and Montgomery County, Pennsylvania. The company was founded in 1916 and is headquartered in Stroudsburg, Pennsylvania.

ESSA Price History

30 days | 90 days | 365 days | Advanced Chart

ESSA Stock News Headlines

September 25, 2023 | entrepreneur.com

Future 100 Inks 25 Strategic Partnerships To Help Shape The UAE's Future Economy

September 23, 2023 | finance.yahoo.com

Here's Why We Think ESSA Bancorp (NASDAQ:ESSA) Might Deserve Your Attention Today

September 28, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

September 22, 2023 | msn.com

Entenda o plano do Brasil para se tornar a referência da economia verde no mundo

September 15, 2023 | finance.yahoo.com

Insider Buying: SEVP and COO Peter Gray Acquires 1,000 Shares of ESSA Bancorp Inc

September 8, 2023 | prnewswire.com.br

Expatriados bengalis agora têm acesso a transferências monetárias internacionais eficientes com a parceria entre Nagad Limited e TerraPay

September 7, 2023 | finance.yahoo.com

Is ESSA Bancorp (ESSA) a Great Stock for Value Investors?

September 6, 2023 | br.investing.com

Deutsche Bank corta estimativas da Nio; “ainda acreditamos no produto”

September 28, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

September 4, 2023 | finance.yahoo.com

Essa Bancorp (ESSA) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

August 30, 2023 | msn.com

JPMorgan: maior banco dos EUA aumenta de 40% para 46% sua participação no C6 Bank

August 28, 2023 | seekingalpha.com

MSBIP Midland States Bancorp, Inc. 7.75% DEP SHS REP 1/40TH PERP PFD SER A

August 28, 2023 | prnewswire.com.br

Falta de acesso ao crédito é maior obstáculo para o crescimento de micro e pequenos negócios, aponta pesquisa

August 27, 2023 | finance.yahoo.com

ESSA Bancorp (NASDAQ:ESSA) Is Due To Pay A Dividend Of $0.15

August 25, 2023 | uk.news.yahoo.com

Essa Academy: Students dream of careers in science after picking up GCSE results

August 23, 2023 | msn.com

PMI pressiona o Stoxx 600. Mercados de olho na Nvidia e mira Powell na sexta-feira

August 19, 2023 | forbes.com.br

US$ 100 bilhões em oito anos: as estratégias do bilionário Rajiv Jain

August 10, 2023 | msn.com

Millennium bcp, em Portugal, e Bank Millennium, na Polónia, integram o ranking “Europe’s Climate Leaders 2023” do Financial Times

August 7, 2023 | msn.com

"Essa maré ruim vai passar"; Jefferson foi apresentado e confia que o time retornará a boa fase

July 27, 2023 | finanznachrichten.de

ESSA Bancorp Inc.: ESSA Bancorp, Inc. Announces Fiscal Third Quarter, Nine Months 2023 Financial Results

July 27, 2023 | finance.yahoo.com

ESSA Bancorp, Inc. Announces Fiscal Third Quarter, Nine Months 2023 Financial Results

July 19, 2023 | finance.yahoo.com

Earnings Preview: Essa Bancorp (ESSA) Q3 Earnings Expected to Decline

July 19, 2023 | finance.yahoo.com

ESSA Bancorp (NASDAQ:ESSA) shareholders have earned a 9.0% CAGR over the last three years

July 18, 2023 | msn.com

Man convicted of human trafficking of children is living at Ontario children’s centre: OPP

July 17, 2023 | msn.com

Funcionários querem usar o ChatGPT no trabalho, mas chefes dizem não

July 17, 2023 | msn.com

Conheça os maiores erros do negativado

July 10, 2023 | msn.com

Como a chegada do Real Digital pode impactar as suas finanças

See More Headlines

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ESSA Company Calendar

Ex-Dividend for 6/30 Dividend: 6/15/2023
Dividend Payable: 6/30/2023
Last Earnings: 7/26/2023
Ex-Dividend for 9/29 Dividend: 9/14/2023
Today: 9/28/2023
Dividend Payable: 9/29/2023
Fiscal Year End: 9/30/2023
Next Earnings (Estimated): 10/25/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Savings institutions, except federal
Sub-Industry: Thrifts & Mortgage Finance
Sector: Finance
Current Symbol: NASDAQ:ESSA
CUSIP: 29667D10
CIK: 1382230
Web: ir.essabank.com
Phone: (570) 421-0531
Fax: 516-466-3132
Employees: 230
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $17.00
High Stock Price Forecast: $17.00
Low Stock Price Forecast: $17.00
Forecasted Upside/Downside: +11.9%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.03
Trailing P/E Ratio: 7.48
Forward P/E Ratio: 8.21
P/E Growth: N/A
Net Income: $20.07 million
Net Margins: 22.87%
Pretax Margin: 28.43%
Return on Equity: 9.13%
Return on Assets: 0.99%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.89
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $71.32 million
Price / Sales: 2.22
Cash Flow: $1.97 per share
Price / Cash Flow: 7.70
Book Value: $20.47 per share
Price / Book: 0.74

Miscellaneous

Outstanding Shares: 10,400,000
Free Float: 9,690,000
Market Cap: $157.98 million
Optionable: Not Optionable
Beta: 0.29

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Key Executives

Mr. Gary S. Olson (Age 69)
Pres, CEO & Director
Comp: $1.15M

Mr. Peter A. Gray (Age 58)
Sr. EVP & COO
Comp: $642.19k

Mr. Charles D. Hangen (Age 50)
Exec. VP & Chief Risk Officer
Comp: $578.24k

Mr. Allan A. Muto (Age 63)
Exec. VP & CFO

Stephanie Lefferson
Corp. Sec. & Investor and Community Relations

James V. Fareri
Gen. Counsel

Mr. Thomas J. Grayuski (Age 62)
Chief Human Resource Officer & Sr. VP

Mr. Robert L. Selitto
Sr. VP & Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ESSA Stock - Frequently Asked Questions

What is ESSA Bancorp's stock price forecast for 2023?: 0 brokers have issued twelve-month price targets for ESSA Bancorp's shares. Their ESSA share price forecasts range from $17.00 to $17.00. On average, they anticipate the company's share price to reach $17.00 in the next twelve months. This suggests a possible upside of 11.9% from the stock's current price.
View analysts price targets for ESSA or view top-rated stocks among Wall Street analysts.
How have ESSA shares performed in 2023?: ESSA Bancorp's stock was trading at $20.87 at the start of the year. Since then, ESSA shares have decreased by 27.2% and is now trading at $15.19.
View the best growth stocks for 2023 here.
Are investors shorting ESSA Bancorp?: ESSA Bancorp saw a decrease in short interest in September. As of September 15th, there was short interest totaling 129,200 shares, a decrease of 16.5% from the August 31st total of 154,700 shares. Based on an average daily trading volume, of 35,100 shares, the short-interest ratio is currently 3.7 days. Approximately 1.5% of the company's stock are short sold.
View ESSA Bancorp's Short Interest.
When is ESSA Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our ESSA earnings forecast.
How were ESSA Bancorp's earnings last quarter?: ESSA Bancorp, Inc. (NASDAQ:ESSA) announced its quarterly earnings data on Wednesday, July, 26th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.06. The financial services provider earned $17.18 million during the quarter, compared to analyst estimates of $16.52 million. ESSA Bancorp had a net margin of 22.87% and a trailing twelve-month return on equity of 9.13%.
How often does ESSA Bancorp pay dividends? What is the dividend yield for ESSA Bancorp?: ESSA Bancorp announced a quarterly dividend on Tuesday, August 22nd. Investors of record on Saturday, September 16th will be given a dividend of $0.15 per share on Friday, September 29th. This represents a $0.60 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Thursday, September 14th.
Read our dividend analysis for ESSA.
Is ESSA Bancorp a good dividend stock?: ESSA Bancorp (NASDAQ:ESSA) pays an annual dividend of $0.60 per share and currently has a dividend yield of 3.88%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESSA will have a dividend payout ratio of 32.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESSA.
What is Gary S. Olson's approval rating as ESSA Bancorp's CEO?: 7 employees have rated ESSA Bancorp Chief Executive Officer Gary S. Olson on Glassdoor.com. Gary S. Olson has an approval rating of 64% among the company's employees.

What other stocks do shareholders of ESSA Bancorp own?: Based on aggregate information from My MarketBeat watchlists, some companies that other ESSA Bancorp investors own include General Electric (GE), Freeport-McMoRan (FCX), Exxon Mobil (XOM), Aspen Technology (AZPN), First Horizon (FHN), Huntington Bancshares (HBAN), KeyCorp (KEY), Markel Group (MKL), Marathon Petroleum (MPC) and PacWest Bancorp (PACW).
What is ESSA Bancorp's stock symbol?: ESSA Bancorp trades on the NASDAQ under the ticker symbol "ESSA."
Who are ESSA Bancorp's major shareholders?: ESSA Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.70%), BlackRock Inc. (3.79%), The Manufacturers Life Insurance Company (3.68%), Renaissance Technologies LLC (3.12%), Geode Capital Management LLC (1.48%) and State Street Corp (1.18%). Insiders that own company stock include Peter A Gray, Peter A Gray, Robert C Selig Jr and Thomas J Grayuski.
View institutional ownership trends.
How do I buy shares of ESSA Bancorp?: Shares of ESSA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is ESSA Bancorp's stock price today?: One share of ESSA stock can currently be purchased for approximately $15.19.
How much money does ESSA Bancorp make?: ESSA Bancorp (NASDAQ:ESSA) has a market capitalization of $157.98 million and generates $71.32 million in revenue each year. The financial services provider earns $20.07 million in net income (profit) each year or $2.03 on an earnings per share basis.
How many employees does ESSA Bancorp have?: The company employs 230 workers across the globe.
How can I contact ESSA Bancorp?: ESSA Bancorp's mailing address is 200 Palmer Street, Stroudsburg PA, 18360. The official website for the company is ir.essabank.com. The financial services provider can be reached via phone at (570) 421-0531, via email at slefferson@essabank.com, or via fax at 516-466-3132.

This page (NASDAQ:ESSA) was last updated on 9/28/2023 by MarketBeat.com Staff

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