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

Stock analysts at StockNews.com initiated coverage on shares of ESSA Bancorp (NASDAQ:ESSA) in a research note issued on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

ESSA Bancorp Stock Down 1.8 %

ESSA opened at $18.96 on Tuesday. ESSA Bancorp has a twelve month low of $15.29 and a twelve month high of $22.22. The company’s 50-day moving average price is $20.53 and its two-hundred day moving average price is $19.78. The stock has a market cap of $192.54 million, a price-to-earnings ratio of 10.90 and a beta of 0.40. 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 posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.41 EPS for the quarter. ESSA Bancorp had a return on equity of 7.27% and a net margin of 14.83%.

Institutional Investors Weigh In On ESSA Bancorp

Several institutional investors have recently added to or reduced their stakes in ESSA. State Street Corp increased its stake in shares of ESSA Bancorp by 0.5% in 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 in the last quarter. Geode Capital Management LLC grew its stake in ESSA Bancorp by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 186,717 shares of the financial services provider’s stock valued at $3,641,000 after buying an additional 623 shares in the last quarter. Empowered Funds LLC raised its holdings in ESSA Bancorp by 1.9% during the 4th 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 period. Wells Fargo & Company MN lifted its position in shares of ESSA Bancorp by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 4,922 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 1,072 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of ESSA Bancorp by 9.6% in the fourth quarter. Nuveen Asset Management LLC now owns 12,672 shares of the financial services provider’s stock worth $247,000 after acquiring an additional 1,107 shares during the period. 54.15% of the stock is owned by hedge funds and other 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.