TheStreet Downgrades ESSA Bancorp, Inc. (ESSA) to C+
ESSA Bancorp, Inc. (NASDAQ:ESSA) was downgraded by research analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued on Wednesday.
Separately, Maxim Group reaffirmed a “hold” rating on shares of ESSA Bancorp in a research note on Wednesday, April 19th.
ESSA Bancorp (NASDAQ:ESSA) traded down 0.34% on Wednesday, reaching $14.47. The company’s stock had a trading volume of 18,827 shares. The company has a market capitalization of $153.27 million, a price-to-earnings ratio of 21.28 and a beta of 0.16. ESSA Bancorp has a 1-year low of $12.93 and a 1-year high of $16.91. The stock has a 50 day moving average price of $14.82 and a 200-day moving average price of $15.29.
ESSA Bancorp (NASDAQ:ESSA) last released its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter. ESSA Bancorp had a net margin of 11.33% and a return on equity of 4.50%. The business had revenue of $13.09 million during the quarter. Equities analysts predict that ESSA Bancorp will post $0.70 earnings per share for the current fiscal year.
In related news, CFO Allan A. Muto sold 2,524 shares of ESSA Bancorp stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $16.52, for a total value of $41,696.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider V Gail Bryant sold 15,201 shares of ESSA Bancorp stock in a transaction on Friday, March 10th. The shares were sold at an average price of $15.50, for a total transaction of $235,615.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,428 shares of company stock valued at $656,807. 12.39% of the stock is owned by company insiders.
About ESSA Bancorp
ESSA Bancorp, Inc is a holding company for ESSA Bank & Trust (the Bank). The Bank is a community-oriented savings bank. The Bank provides financial services to individuals, families and businesses through its banking offices, located in Monroe, Northampton, Lehigh, Lackawanna, Luzerne, Chester, Delaware and Montgomery Counties, Pennsylvania.
Receive News & Ratings for ESSA Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ESSA Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.