ESSA Bancorp (NASDAQ:ESSA) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

ESSA Bancorp, Inc. (NASDAQ:ESSA) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.64 and traded as high as $20.30. ESSA Bancorp shares last traded at $19.64, with a volume of 25,102 shares trading hands.

ESSA Bancorp Stock Performance

The company’s fifty day moving average price is $19.82 and its two-hundred day moving average price is $18.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $199.44 million, a PE ratio of 11.03 and a beta of 0.38.

ESSA Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a $0.15 dividend. 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 3.05%. ESSA Bancorp’s dividend payout ratio (DPR) is presently 33.71%.

Institutional Trading of ESSA Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC acquired a new stake in ESSA Bancorp during the 2nd quarter worth approximately $300,000. Barclays PLC grew 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 worth $264,000 after buying an additional 8,895 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position 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 acquiring an additional 7,696 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of ESSA Bancorp by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 186,094 shares of the financial services provider’s stock valued at $3,577,000 after acquiring an additional 4,431 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of ESSA Bancorp by 5.3% during the 3rd 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. 54.15% of the stock is currently owned by institutional investors and hedge funds.

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.