Weekly Analyst Rating Changes for ESSA Bancorp (ESSA)


Several brokerages have updated their stock price recommendations and targets. ESSA Bancorp (NASDAQ: ESSA) over the past few weeks:

  • 21/05/2022 – ESSA Bancorp is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
  • 05/13/2022 – ESSA Bancorp is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
  • 5/5/2022 – ESSA Bancorp is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
  • 02/05/2022 – ESSA Bancorp has been downgraded by analysts to Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “ESSA Bancorp, Inc. operates as a holding company for ESSA Bank & Trust and is the leading service-oriented financial institution providing personal, family and business services in the greater Pocono, Pennsylvania region. Pennsylvania. The Bank is headquartered in downtown Stroudsburg, Pennsylvania, and has community offices throughout the Pocono region. In addition to being one of the largest mortgage lenders in the region, ESSA Bank & Trust offers a full range of financial services to individuals and businesses. ESSA Bank & Trust’s business consists primarily of accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in residential first mortgage loans, including mortgages construction, commercial real estate, home equity loans and lines of credit, commercial and consumer loans. “
  • 27/04/2022 – ESSA Bancorp is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
  • 25/04/2022 – ESSA Bancorp has been downgraded by analysts to Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “ESSA Bancorp, Inc. operates as a holding company for ESSA Bank & Trust and is the leading service-oriented financial institution providing personal, family and business services in the greater Pocono, Pennsylvania region. Pennsylvania. The Bank is headquartered in downtown Stroudsburg, Pennsylvania, and has community offices throughout the Pocono region. In addition to being one of the largest mortgage lenders in the region, ESSA Bank & Trust offers a full range of financial services to individuals and businesses. ESSA Bank & Trust’s business consists primarily of accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in residential first mortgage loans, including mortgages construction, commercial real estate, home equity loans and lines of credit, commercial and consumer loans. “
  • 04/19/2022 – ESSA Bancorp has been updated by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “ESSA Bancorp, Inc. operates as a holding company for ESSA Bank & Trust and is the leading service-oriented financial institution providing personal, family and business services in the greater Pocono, Pennsylvania region. Pennsylvania. The Bank is headquartered in downtown Stroudsburg, Pennsylvania, and has community offices throughout the Pocono region. In addition to being one of the largest mortgage lenders in the region, ESSA Bank & Trust offers a full range of financial services to individuals and businesses. ESSA Bank & Trust’s business consists primarily of accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in residential first mortgage loans, including mortgages construction, commercial real estate, home equity loans and lines of credit, commercial and consumer loans. “
  • 04/19/2022 – ESSA Bancorp is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
  • 04/12/2022 – ESSA Bancorp has been updated by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “ESSA Bancorp, Inc. operates as a holding company for ESSA Bank & Trust and is the leading service-oriented financial institution providing personal, family and business services in the greater Pocono, Pennsylvania region. Pennsylvania. The Bank is headquartered in downtown Stroudsburg, Pennsylvania, and has community offices throughout the Pocono region. In addition to being one of the largest mortgage lenders in the region, ESSA Bank & Trust offers a full range of financial services to individuals and businesses. ESSA Bank & Trust’s business consists primarily of accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in residential first mortgage loans, including mortgages construction, commercial real estate, home equity loans and lines of credit, commercial and consumer loans. “
  • 11/04/2022 – ESSA Bancorp is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
  • 03/04/2022 – ESSA Bancorp is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
  • 29/03/2022 – ESSA Bancorp has been downgraded by analysts to Zacks Investment Research from a “buy” odd to a “hold” odd. According to Zacks, “ESSA Bancorp, Inc. operates as a holding company for ESSA Bank & Trust and is the leading service-oriented financial institution providing personal, family and business services in the greater Pocono, Pennsylvania region. Pennsylvania. The Bank is headquartered in downtown Stroudsburg, Pennsylvania, and has community offices throughout the Pocono region. In addition to being one of the largest mortgage lenders in the region, ESSA Bank & Trust offers a full range of financial services to individuals and businesses. ESSA Bank & Trust’s business consists primarily of accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in residential first mortgage loans, including mortgages construction, commercial real estate, home equity loans and lines of credit, commercial and consumer loans. “
  • 26/03/2022 – ESSA Bancorp is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.

ESSA Bancorp shares opened at $16.01 on Monday. The stock has a 50-day moving average price of $17.25 and a 200-day moving average price of $17.40. ESSA Bancorp, Inc. has a 52-week low of $14.79 and a 52-week high of $18.75. The stock has a market capitalization of $167.93 million, a PE ratio of 9.15 and a beta of 0.40.

ESSA Bancorp (NASDAQ: ESSAGet a rating) last released its quarterly results on Wednesday, April 27. The financial services provider reported EPS of $0.47 for the quarter, beating the consensus estimate of $0.44 by $0.03. The company posted revenue of $16.17 million for the quarter, versus analyst estimates of $15.94 million. ESSA Bancorp achieved a return on equity of 8.35% and a net margin of 25.39%. Equity research analysts expect ESSA Bancorp, Inc. to post EPS of 1.81 for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Wednesday, March 16 received a dividend of $0.12. The ex-dividend date was Tuesday, March 15. This represents a dividend of $0.48 on an annualized basis and a dividend yield of 3.00%. ESSA Bancorp’s dividend payout ratio (DPR) is 27.43%.

A number of large investors have recently increased or reduced their stake in ESSA. Morgan Stanley increased its holdings of ESSA Bancorp shares by 10.1% in the second quarter. Morgan Stanley now owns 24,683 shares of the financial services provider valued at $405,000 after purchasing an additional 2,266 shares during the period. Royal Bank of Canada increased its position in ESSA Bancorp by 18.2% in the second quarter. Royal Bank of Canada now owns 9,600 shares of the financial services provider worth $157,000 after buying 1,479 more shares in the last quarter. Millennium Management LLC purchased a new stake in shares of ESSA Bancorp during Q2 for a value of approximately $508,000. Geode Capital Management LLC increased its stake in ESSA Bancorp shares by 1.2% during the third quarter. Geode Capital Management LLC now owns 63,252 shares of the financial services provider worth $1,049,000 after acquiring 763 additional shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in ESSA Bancorp shares by 105.0% during the third quarter. The Manufacturers Life Insurance Company now owns 217,962 shares of the financial services provider worth $3,594,000 after acquiring an additional 111,655 shares last quarter. Institutional investors and hedge funds hold 49.88% of the company’s shares.

ESSA Bancorp, Inc operates as a bank holding company for ESSA Bank & Trust which provides a range of financial services to individuals, families and businesses in Pennsylvania. The company accepts savings accounts, interest-bearing current accounts, checking accounts, money market accounts, club accounts, certificates of deposit and IRAs, and other qualified plan accounts, as well as business checking accounts.

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