ESSA Bancorp (NASDAQ:ESSA) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

ESSA Bancorp, Inc. (NASDAQ:ESSA) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.19 and traded as high as $21.20. ESSA Bancorp shares last traded at $21.06, with a volume of 32,964 shares traded.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of ESSA Bancorp in a research report on Wednesday. They issued a “hold” rating for the company.

ESSA Bancorp Stock Down 0.4 %

The firm’s fifty day moving average price is $19.92 and its 200-day moving average price is $19.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $213.76 million, a P/E ratio of 11.83 and a beta of 0.40.

ESSA Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Monday, December 16th. ESSA Bancorp’s dividend payout ratio (DPR) is presently 33.71%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ESSA. Empowered Funds LLC boosted its holdings in shares of ESSA Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 47,608 shares of the financial services provider’s stock valued at $915,000 after acquiring an additional 2,412 shares in the last quarter. Northeast Financial Group Inc. boosted its holdings in shares of ESSA Bancorp by 4.5% in the third quarter. Northeast Financial Group Inc. now owns 16,346 shares of the financial services provider’s stock valued at $314,000 after acquiring an additional 700 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in 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 valued at $433,000 after purchasing an additional 7,696 shares during the last quarter. State Street Corp lifted its stake in ESSA Bancorp by 0.5% during the third quarter. State Street Corp now owns 115,996 shares of the financial services provider’s stock valued at $2,229,000 after purchasing an additional 554 shares during the last quarter. Finally, Barclays PLC lifted its stake in ESSA Bancorp by 184.2% during the third quarter. Barclays PLC now owns 13,723 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 8,895 shares during the last quarter. 54.15% of the stock is currently 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.