ESSA Bancorp (NASDAQ:ESSA) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of ESSA Bancorp (NASDAQ:ESSA) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

ESSA Bancorp Stock Up 1.0 %

ESSA opened at $20.70 on Tuesday. The business has a 50 day moving average price of $19.85 and a two-hundred day moving average price of $19.10. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. The company has a market cap of $210.21 million, a PE ratio of 11.63 and a beta of 0.40. ESSA Bancorp has a 52 week low of $15.29 and a 52 week high of $21.50.

ESSA Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Monday, December 16th. ESSA Bancorp’s dividend payout ratio (DPR) is 33.71%.

Institutional Investors Weigh In On ESSA Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of ESSA. Geode Capital Management LLC boosted its holdings in shares of ESSA Bancorp by 2.4% during the third quarter. Geode Capital Management LLC now owns 186,094 shares of the financial services provider’s stock worth $3,577,000 after purchasing an additional 4,431 shares during the last quarter. State Street Corp boosted its holdings in shares of ESSA Bancorp by 0.5% during the third quarter. State Street Corp now owns 115,996 shares of the financial services provider’s stock worth $2,229,000 after purchasing an additional 554 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of ESSA Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 47,608 shares of the financial services provider’s stock worth $915,000 after purchasing an additional 2,412 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of ESSA Bancorp by 3.4% during the second 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. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of ESSA Bancorp by 51.8% during the third 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 and hedge funds 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.