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

Equities researchers at StockNews.com initiated coverage on shares of ESSA Bancorp (NASDAQ:ESSA) in a note issued to investors on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

ESSA Bancorp Trading Down 1.9 %

Shares of ESSA stock opened at $21.00 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $20.33 and a two-hundred day moving average price of $19.52. ESSA Bancorp has a 12-month low of $15.29 and a 12-month high of $22.22. The firm has a market cap of $213.15 million, a P/E ratio of 12.07 and a beta of 0.40.

ESSA Bancorp (NASDAQ:ESSA) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.41 EPS for the quarter. ESSA Bancorp had a return on equity of 7.27% and a net margin of 14.83%.

Institutional Trading of ESSA Bancorp

Several large investors have recently bought and sold shares of the company. FJ Capital Management LLC boosted its position in shares of ESSA Bancorp by 2.7% in the 4th quarter. FJ Capital Management LLC now owns 967,168 shares of the financial services provider’s stock worth $18,860,000 after purchasing an additional 25,176 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of ESSA Bancorp by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 186,717 shares of the financial services provider’s stock worth $3,641,000 after purchasing an additional 623 shares in the last quarter. State Street Corp boosted its position in shares of ESSA Bancorp by 0.5% in the 3rd quarter. State Street Corp now owns 115,996 shares of the financial services provider’s stock worth $2,229,000 after purchasing an additional 554 shares in the last quarter. Northern Trust Corp lifted its position in ESSA Bancorp by 3.4% in the 4th quarter. Northern Trust Corp now owns 69,810 shares of the financial services provider’s stock valued at $1,361,000 after acquiring an additional 2,289 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in ESSA Bancorp by 1.9% in the 4th quarter. Empowered Funds LLC now owns 48,508 shares of the financial services provider’s stock valued at $946,000 after acquiring an additional 900 shares in the last quarter. 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.