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

Research analysts at StockNews.com assumed coverage on shares of ESSA Bancorp (NASDAQ:ESSA) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

ESSA Bancorp Stock Down 0.2 %

ESSA stock opened at $19.04 on Monday. ESSA Bancorp has a twelve month low of $15.29 and a twelve month high of $22.22. The company has a market cap of $193.35 million, a PE ratio of 10.94 and a beta of 0.40. The business’s 50-day simple moving average is $20.55 and its 200 day simple moving average is $19.74. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. FJ Capital Management LLC raised its position in 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 during the last quarter. Alliancebernstein L.P. raised its position in ESSA Bancorp by 123.3% in the 4th quarter. Alliancebernstein L.P. now owns 37,898 shares of the financial services provider’s stock worth $739,000 after purchasing an additional 20,930 shares during the last quarter. JPMorgan Chase & Co. raised its position in ESSA Bancorp by 104.1% in the 4th quarter. JPMorgan Chase & Co. now owns 29,733 shares of the financial services provider’s stock worth $580,000 after purchasing an additional 15,166 shares during the last quarter. Barclays PLC raised its position in ESSA Bancorp by 184.2% in the 3rd quarter. Barclays PLC now owns 13,723 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 8,895 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in ESSA Bancorp by 51.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,539 shares of the financial services provider’s stock worth $433,000 after purchasing an additional 7,696 shares during the last quarter. Institutional investors own 54.15% of the company’s stock.

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.