Morgan Stanley Boosts Holdings in ESSA Bancorp, Inc. (NASDAQ:ESSA)

Morgan Stanley increased its stake in shares of ESSA Bancorp, Inc. (NASDAQ:ESSA) by 14.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,534 shares of the financial services provider’s stock after buying an additional 1,804 shares during the period. Morgan Stanley owned about 0.13% of ESSA Bancorp worth $222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in ESSA Bancorp by 3.9% during the second quarter. Vanguard Group Inc. now owns 482,978 shares of the financial services provider’s stock worth $7,366,000 after buying an additional 18,195 shares during the last quarter. BlackRock Inc. increased its stake in shares of ESSA Bancorp by 0.4% in the second quarter. BlackRock Inc. now owns 481,868 shares of the financial services provider’s stock worth $7,349,000 after purchasing an additional 1,752 shares in the last quarter. US Bancorp DE purchased a new position in shares of ESSA Bancorp in the second quarter worth about $168,000. Northern Trust Corp increased its stake in shares of ESSA Bancorp by 1.9% in the second quarter. Northern Trust Corp now owns 134,085 shares of the financial services provider’s stock worth $2,045,000 after purchasing an additional 2,555 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of ESSA Bancorp by 1.3% in the second quarter. Renaissance Technologies LLC now owns 500,889 shares of the financial services provider’s stock worth $7,639,000 after purchasing an additional 6,400 shares in the last quarter. Institutional investors and hedge funds own 42.95% of the company’s stock.

Separately, Oppenheimer initiated coverage on shares of ESSA Bancorp in a research note on Friday, October 25th. They issued an “outperform” rating and a $8.00 target price for the company.

ESSA opened at $16.77 on Friday. The company has a market capitalization of $189.50 million, a price-to-earnings ratio of 15.10 and a beta of 0.22. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average price of $16.31 and a 200-day moving average price of $15.55. ESSA Bancorp, Inc. has a twelve month low of $14.15 and a twelve month high of $17.17.

ESSA Bancorp Profile

ESSA Bancorp, Inc operates as the 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.

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Institutional Ownership by Quarter for ESSA Bancorp (NASDAQ:ESSA)

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