ESSA Bancorp Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ESSA Bancorp in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ESSA Bancorp stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ESSA, but not buy additional shares or sell existing shares.
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Wall Street analysts have given ESSA Bancorp a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but ESSA Bancorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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ESSA Bancorp saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 45,500 shares, a drop of 81.7% from the June 15th total of 248,600 shares. Based on an average trading volume of 53,400 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.5% of the company's stock are sold short.
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ESSA Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for ESSA Bancorp.

ESSA Bancorp, Inc. (NASDAQ:ESSA) released its quarterly earnings results on Friday, April, 30th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.05. The financial services provider earned $16.55 million during the quarter, compared to the consensus estimate of $15.23 million. ESSA Bancorp had a net margin of 21.27% and a trailing twelve-month return on equity of 8.27%.
View ESSA Bancorp's earnings history.

ESSA Bancorp's stock was trading at $13.47 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ESSA stock has increased by 21.2% and is now trading at $16.32.
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ESSA Bancorp declared a quarterly dividend on Wednesday, May 26th. Shareholders of record on Wednesday, June 16th will be given a dividend of $0.12 per share on Wednesday, June 30th. This represents a $0.48 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Tuesday, June 15th.
View ESSA Bancorp's dividend history.

ESSA Bancorp pays an annual dividend of $0.48 per share and currently has a dividend yield of 2.92%. ESSA Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of ESSA Bancorp is 34.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESSA Bancorp will have a dividend payout ratio of 30.38% next year. This indicates that ESSA Bancorp will be able to sustain or increase its dividend.
View ESSA Bancorp's dividend history.

1 Wall Street analysts have issued 12 month price objectives for ESSA Bancorp's shares. Their forecasts range from $15.00 to $15.00. On average, they anticipate ESSA Bancorp's stock price to reach $15.00 in the next twelve months. This suggests that the stock has a possible downside of 8.1%.
View analysts' price targets for ESSA Bancorp or view top-rated stocks among Wall Street analysts.

7 employees have rated ESSA Bancorp CEO Gary S. Olson on Glassdoor.com. Gary S. Olson has an approval rating of 64% among ESSA Bancorp's employees.

Some companies that are related to ESSA Bancorp include People's United Financial (PBCT), TFS Financial (TFSL), New York Community Bancorp (NYCB), MGIC Investment (MTG), Radian Group (RDN), The Simply Good Foods (SMPL), Walker & Dunlop (WD), LendingTree (TREE), Washington Federal (WAFD), WSFS Financial (WSFS), Provident Financial Services (PFS), Northwest Bancshares (NWBI), Capitol Federal Financial (CFFN), Berkshire Hills Bancorp (BHLB) and OceanFirst Financial (OCFC).
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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 (MKL), Marathon Petroleum (MPC) and PacWest Bancorp (PACW).

ESSA Bancorp trades on the NASDAQ under the ticker symbol "ESSA."

Shares of ESSA 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.
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One share of ESSA stock can currently be purchased for approximately $16.32.

ESSA Bancorp has a market capitalization of $174.13 million and generates $77.33 million in revenue each year. The financial services provider earns $14.42 million in net income (profit) each year or $1.39 on an earnings per share basis.

ESSA Bancorp employs 234 workers across the globe.

The official website for ESSA Bancorp is ir.essabank.com.

ESSA Bancorp is headquartered at 200 Palmer Street, Stroudsburg PA, 18360.

ESSA Bancorp's mailing address is 200 Palmer Street, Stroudsburg PA, 18360. The financial services provider can be reached via phone at 570-421-0531 or via email at [email protected]