ESSA Bancorp (NASDAQ:ESSA) Earns Hold Rating from Analysts at StockNews.com

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

ESSA Bancorp Stock Down 0.5 %

ESSA opened at $20.49 on Tuesday. The business’s fifty day simple moving average is $19.84 and its 200 day simple moving average is $19.09. ESSA Bancorp has a 52 week low of $15.29 and a 52 week high of $21.50. 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 stock has a market cap of $207.97 million, a PE ratio of 11.51 and a beta of 0.40.

Institutional Trading of ESSA Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC increased its stake in shares of ESSA Bancorp by 184.2% in the third quarter. Barclays PLC now owns 13,723 shares of the financial services provider’s stock worth $264,000 after buying an additional 8,895 shares during the period. JPMorgan Chase & Co. raised its stake in shares of ESSA Bancorp by 126.5% during the third quarter. JPMorgan Chase & Co. now owns 14,567 shares of the financial services provider’s stock valued at $280,000 after acquiring an additional 8,136 shares during the last quarter. Northeast Financial Group Inc. boosted its holdings in shares of ESSA Bancorp by 4.5% during the third quarter. Northeast Financial Group Inc. now owns 16,346 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 700 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of ESSA Bancorp by 51.8% in 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. Finally, Bank of New York Mellon Corp raised its position in ESSA Bancorp by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,115 shares of the financial services provider’s stock valued at $530,000 after purchasing an additional 977 shares during the last quarter. Institutional investors own 54.15% of the company’s stock.

About ESSA Bancorp

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.