ESSA Bancorp (NASDAQ:ESSA) Now Covered by Analysts at StockNews.com

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

ESSA Bancorp Stock Performance

Shares of ESSA stock opened at $21.00 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $20.33 and a 200 day moving average price of $19.50. The company has a market cap of $213.15 million, a P/E ratio of 12.07 and a beta of 0.40. ESSA Bancorp has a 12 month low of $15.29 and a 12 month high of $22.22.

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

Institutional Investors Weigh In On ESSA Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its position in ESSA Bancorp by 0.5% in the third quarter. State Street Corp now owns 115,996 shares of the financial services provider’s stock valued at $2,229,000 after acquiring an additional 554 shares during the last quarter. Geode Capital Management LLC lifted its position in ESSA Bancorp by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 186,717 shares of the financial services provider’s stock valued at $3,641,000 after acquiring an additional 623 shares during the last quarter. Northeast Financial Group Inc. lifted its position in ESSA Bancorp by 4.5% in the third quarter. Northeast Financial Group Inc. now owns 16,346 shares of the financial services provider’s stock valued at $314,000 after acquiring an additional 700 shares during the last quarter. Empowered Funds LLC lifted its position in ESSA Bancorp by 1.9% in the fourth 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 during the last quarter. Finally, Wells Fargo & Company MN lifted its position in ESSA Bancorp by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 4,922 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 1,072 shares during the last quarter. 54.15% of the stock is owned by hedge funds and other institutional investors.

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.