ESSA Bancorp (NASDAQ:ESSA) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

ESSA Bancorp, Inc. (NASDAQ:ESSA)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.64 and traded as high as $20.30. ESSA Bancorp shares last traded at $19.64, with a volume of 25,102 shares traded.

ESSA Bancorp Stock Up 1.5 %

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 stock has a market capitalization of $198.02 million, a P/E ratio of 10.96 and a beta of 0.38. The firm’s fifty day moving average is $19.86 and its 200-day moving average is $18.65.

ESSA Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, December 16th. This represents a $0.60 dividend on an annualized basis and a yield of 3.08%. ESSA Bancorp’s dividend payout ratio is 33.71%.

Hedge Funds Weigh In On ESSA Bancorp

A number of institutional investors have recently modified their holdings of ESSA. Geode Capital Management LLC increased its holdings in shares of ESSA Bancorp by 2.4% in the third quarter. Geode Capital Management LLC now owns 186,094 shares of the financial services provider’s stock valued at $3,577,000 after purchasing an additional 4,431 shares in the last quarter. State Street Corp boosted its position in ESSA Bancorp by 0.5% in the 3rd quarter. State Street Corp now owns 115,996 shares of the financial services provider’s stock valued at $2,229,000 after buying an additional 554 shares during the last quarter. Empowered Funds LLC increased its stake in shares of ESSA Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 47,608 shares of the financial services provider’s stock valued at $915,000 after buying an additional 2,412 shares during the period. Bank of New York Mellon Corp increased its stake in shares of ESSA Bancorp by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 30,115 shares of the financial services provider’s stock valued at $530,000 after buying an additional 977 shares during the period. Finally, Panagora Asset Management Inc. raised its position in shares of ESSA Bancorp by 4.8% during the second quarter. Panagora Asset Management Inc. now owns 29,444 shares of the financial services provider’s stock worth $518,000 after acquiring an additional 1,343 shares during 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.