ESSA Bancorp (NASDAQ:ESSA) Shares Cross Above 50 Day Moving Average of $15.39

ESSA Bancorp, Inc. (NASDAQ:ESSA) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $15.39 and traded as high as $15.24. ESSA Bancorp shares last traded at $15.06, with a volume of 8 shares traded.

The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.76. The firm has a market cap of $175.01 million, a price-to-earnings ratio of 14.34 and a beta of 0.20. The business has a 50-day moving average of $15.39.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Sunday, June 16th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.40 annualized dividend and a yield of 2.65%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in ESSA Bancorp by 2.9% in the fourth quarter. BlackRock Inc. now owns 499,365 shares of the financial services provider’s stock worth $7,795,000 after acquiring an additional 14,190 shares during the period. Northern Trust Corp increased its stake in shares of ESSA Bancorp by 3.8% in the fourth quarter. Northern Trust Corp now owns 130,324 shares of the financial services provider’s stock worth $2,034,000 after purchasing an additional 4,808 shares in the last quarter. Andesa Financial Management Inc. increased its stake in shares of ESSA Bancorp by 100.0% in the first quarter. Andesa Financial Management Inc. now owns 84,786 shares of the financial services provider’s stock worth $1,306,000 after purchasing an additional 42,393 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of ESSA Bancorp by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 74,486 shares of the financial services provider’s stock worth $1,162,000 after purchasing an additional 4,889 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of ESSA Bancorp by 2.7% in the fourth quarter. Bank of New York Mellon Corp now owns 64,274 shares of the financial services provider’s stock worth $1,004,000 after purchasing an additional 1,697 shares in the last quarter. Institutional investors and hedge funds own 43.02% of the company’s stock.

ESSA Bancorp Company Profile (NASDAQ:ESSA)

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.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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