TheStreet cut shares of ESSA Bancorp (NASDAQ:ESSA) from a b rating to a c+ rating in a report released on Friday.
ESSA Bancorp (ESSA) opened at $16.16 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95. ESSA Bancorp has a 1-year low of $14.01 and a 1-year high of $16.91. The company has a market capitalization of $190.87, a P/E ratio of 23.76 and a beta of 0.25.
In related news, VP Thomas J. Grayuski sold 8,383 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $16.35, for a total value of $137,062.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.83% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its holdings in shares of ESSA Bancorp by 77.7% in the 3rd quarter. Wells Fargo & Company MN now owns 9,224 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 4,034 shares during the last quarter. Harbor Advisors LLC acquired a new stake in ESSA Bancorp during the second quarter valued at $147,000. The Manufacturers Life Insurance Company boosted its position in ESSA Bancorp by 51.5% during the second quarter. The Manufacturers Life Insurance Company now owns 10,901 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 3,704 shares during the last quarter. Teachers Advisors LLC boosted its position in ESSA Bancorp by 9.3% during the second quarter. Teachers Advisors LLC now owns 16,019 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 1,360 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of ESSA Bancorp by 4.3% in the second quarter. TIAA CREF Investment Management LLC now owns 22,104 shares of the financial services provider’s stock worth $325,000 after buying an additional 905 shares during the last quarter. Institutional investors and hedge funds own 40.63% of the company’s stock.
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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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