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

ESSA Bancorp, Inc. (NASDAQ:ESSA)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $18.73 and traded as high as $19.43. ESSA Bancorp shares last traded at $19.43, with a volume of 7,676 shares traded.

ESSA Bancorp Trading Down 1.0 %

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 capitalization of $195.28 million, a PE ratio of 10.80 and a beta of 0.38. The business’s 50-day moving average is $19.84 and its two-hundred day moving average is $18.75.

ESSA Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.12%. ESSA Bancorp’s dividend payout ratio (DPR) is presently 33.71%.

Institutional Trading of ESSA Bancorp

A number of large investors have recently bought and sold shares of ESSA. Barclays PLC raised its holdings 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 valued at $264,000 after buying an additional 8,895 shares during the last quarter. JPMorgan Chase & Co. lifted its position in ESSA Bancorp by 126.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,567 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 8,136 shares during the period. Northeast Financial Group Inc. grew its stake in shares of ESSA Bancorp by 4.5% in the 3rd quarter. Northeast Financial Group Inc. now owns 16,346 shares of the financial services provider’s stock valued at $314,000 after purchasing an additional 700 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings 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 valued at $433,000 after purchasing an additional 7,696 shares during the period. Finally, Panagora Asset Management Inc. raised its stake in shares of ESSA Bancorp by 4.8% during the second quarter. Panagora Asset Management Inc. now owns 29,444 shares of the financial services provider’s stock worth $518,000 after purchasing an additional 1,343 shares during the last quarter. Institutional investors and hedge funds own 54.15% of the company’s stock.

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.