Shares of ESSA Bancorp, Inc. (NASDAQ:ESSA) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokers have set a 12-month consensus target price of $15.00 for the company and are anticipating that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also assigned ESSA Bancorp an industry rank of 182 out of 254 based on the ratings given to related companies.

A number of research firms have recently weighed in on ESSA. TheStreet cut ESSA Bancorp from a “b-” rating to a “c+” rating in a report on Monday, March 30th. ValuEngine cut ESSA Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, March 17th. Finally, Zacks Investment Research raised ESSA Bancorp from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Monday, May 25th.

ESSA stock traded up $0.36 during midday trading on Friday, reaching $14.60. The company had a trading volume of 49,114 shares, compared to its average volume of 23,486. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.84. The stock has a 50 day moving average price of $13.23 and a 200 day moving average price of $14.94. ESSA Bancorp has a fifty-two week low of $9.70 and a fifty-two week high of $17.73. The firm has a market capitalization of $164.83 million, a PE ratio of 13.27 and a beta of 0.35.

ESSA Bancorp (NASDAQ:ESSA) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.31. The company had revenue of $14.44 million during the quarter, compared to the consensus estimate of $13.87 million. ESSA Bancorp had a return on equity of 7.12% and a net margin of 17.93%. Research analysts predict that ESSA Bancorp will post 1.16 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.44 annualized dividend and a yield of 3.01%.

A number of large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its holdings in ESSA Bancorp by 3.5% during the fourth quarter. Renaissance Technologies LLC now owns 543,161 shares of the financial services provider’s stock worth $9,207,000 after purchasing an additional 18,319 shares in the last quarter. State Street Corp increased its holdings in shares of ESSA Bancorp by 10.9% in the first quarter. State Street Corp now owns 176,185 shares of the financial services provider’s stock valued at $2,405,000 after buying an additional 17,352 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of ESSA Bancorp by 6.9% in the first quarter. Geode Capital Management LLC now owns 104,702 shares of the financial services provider’s stock valued at $1,429,000 after buying an additional 6,791 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of ESSA Bancorp by 7.0% in the fourth quarter. Acadian Asset Management LLC now owns 74,139 shares of the financial services provider’s stock valued at $1,258,000 after buying an additional 4,846 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of ESSA Bancorp by 4.9% in the first quarter. Bank of New York Mellon Corp now owns 63,451 shares of the financial services provider’s stock valued at $866,000 after buying an additional 2,974 shares in the last quarter. 42.45% of the stock is currently owned by hedge funds and other institutional investors.

About ESSA Bancorp

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.

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