ESSA Bancorp (ESSA) Earning Somewhat Positive Press Coverage, Accern Reports
Media coverage about ESSA Bancorp (NASDAQ:ESSA) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ESSA Bancorp earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 47.0749120139398 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of ESSA Bancorp (ESSA) traded down 2.48% during mid-day trading on Friday, hitting $15.73. 9,536 shares of the stock were exchanged. The stock has a market capitalization of $167.96 million, a price-to-earnings ratio of 24.58 and a beta of 0.27. ESSA Bancorp has a 52 week low of $12.93 and a 52 week high of $16.91. The stock’s 50-day moving average is $15.17 and its 200-day moving average is $14.90.
ESSA Bancorp (NASDAQ:ESSA) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.16 earnings per share for the quarter. The firm had revenue of $13.28 million during the quarter. ESSA Bancorp had a net margin of 10.35% and a return on equity of 3.97%. Analysts forecast that ESSA Bancorp will post $0.70 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, September 30th. Stockholders of record on Saturday, September 16th were paid a $0.09 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.36 annualized dividend and a dividend yield of 2.29%. ESSA Bancorp’s payout ratio is 57.14%.
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In related news, insider Gary S. Olson sold 3,624 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $15.97, for a total transaction of $57,875.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary S. Olson sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $14.83, for a total transaction of $118,640.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,624 shares of company stock valued at $653,635. 12.39% of the stock is owned by corporate insiders.
ESSA Bancorp Company Profile
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.
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