ESSA Bancorp (NASDAQ:ESSA) Coverage Initiated at StockNews.com

Analysts at StockNews.com assumed coverage on shares of ESSA Bancorp (NASDAQ:ESSA) in a report issued on Monday. The firm set a “hold” rating on the financial services provider’s stock.

ESSA Bancorp Stock Up 2.7 %

Shares of NASDAQ ESSA opened at $18.97 on Monday. The firm has a 50 day moving average price of $18.73 and a 200 day moving average price of $19.67. 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 cap of $192.64 million, a P/E ratio of 10.90 and a beta of 0.32. ESSA Bancorp has a 52-week low of $15.82 and a 52-week high of $22.22.

ESSA Bancorp (NASDAQ:ESSA) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The firm had revenue of $16.23 million during the quarter, compared to the consensus estimate of $17.19 million. ESSA Bancorp had a net margin of 14.83% and a return on equity of 7.27%.

Institutional Trading of ESSA Bancorp

Large investors have recently bought and sold shares of the business. Stieven Capital Advisors L.P. bought a new position in ESSA Bancorp in the first quarter valued at approximately $3,722,000. Nuveen Asset Management LLC raised its holdings in shares of ESSA Bancorp by 9.6% during the fourth quarter. Nuveen Asset Management LLC now owns 12,672 shares of the financial services provider’s stock worth $247,000 after acquiring an additional 1,107 shares during the period. FJ Capital Management LLC raised 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 acquiring an additional 25,176 shares during the period. Deutsche Bank AG bought a new stake in ESSA Bancorp in the 4th quarter valued at $109,000. Finally, Bank of America Corp DE boosted its stake in ESSA Bancorp by 44.5% in the 4th quarter. Bank of America Corp DE now owns 12,118 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 3,731 shares during the period. 54.15% of the stock is owned by institutional investors.

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.