ESSA Bancorp, Inc. (NASDAQ:ESSA – Get Free Report) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 38,800 shares, an increase of 17.2% from the June 30th total of 33,100 shares. Based on an average trading volume of 12,700 shares, the days-to-cover ratio is currently 3.1 days. Approximately 0.5% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of ESSA Bancorp by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 441,226 shares of the financial services provider’s stock worth $8,044,000 after purchasing an additional 2,056 shares during the last quarter. Empowered Funds LLC raised its position in shares of ESSA Bancorp by 8.1% during the 1st quarter. Empowered Funds LLC now owns 41,956 shares of the financial services provider’s stock worth $765,000 after purchasing an additional 3,150 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of ESSA Bancorp by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,115 shares of the financial services provider’s stock worth $530,000 after purchasing an additional 977 shares during the last quarter. Panagora Asset Management Inc. raised its position in shares of ESSA Bancorp by 4.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 29,444 shares of the financial services provider’s stock worth $518,000 after purchasing an additional 1,343 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in ESSA Bancorp in the 2nd quarter valued at about $300,000. Institutional investors and hedge funds own 54.15% of the company’s stock.
ESSA Bancorp Stock Up 2.9 %
ESSA opened at $19.89 on Wednesday. ESSA Bancorp has a twelve month low of $14.30 and a twelve month high of $20.87. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $17.73 and a 200 day moving average price of $17.73. The company has a market cap of $201.49 million, a PE ratio of 10.75 and a beta of 0.37.
ESSA Bancorp Announces Dividend
About ESSA Bancorp
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.
Featured Stories
- Five stocks we like better than ESSA Bancorp
- High Flyers: 3 Natural Gas Stocks for March 2022
- AbbVie Analysts Lead the Stock Higher as Humira Worries Recede
- What is Put Option Volume?
- Harley-Davidson Stock Revs Up With Billion Dollar Buyback Program
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Cruise Line Stock Sinks Despite Beating EPS and Raised Guidance
Receive News & Ratings for ESSA Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ESSA Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.