ESSA Bancorp (NASDAQ:ESSA) Receiving Somewhat Positive News Coverage, Report Finds
News coverage about ESSA Bancorp (NASDAQ:ESSA) has trended somewhat positive on Tuesday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ESSA Bancorp earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 47.0707524321728 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of ESSA Bancorp (NASDAQ ESSA) traded up 1.79% during mid-day trading on Tuesday, hitting $14.80. The stock had a trading volume of 1,922 shares. The stock has a market cap of $158.03 million, a price-to-earnings ratio of 23.12 and a beta of 0.26. ESSA Bancorp has a one year low of $12.93 and a one year high of $16.91. The firm has a 50 day moving average of $14.96 and a 200 day moving average of $15.14.
ESSA Bancorp (NASDAQ:ESSA) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.16 earnings per share for the quarter. The company had revenue of $13.28 million for the quarter. ESSA Bancorp had a return on equity of 4.00% and a net margin of 10.35%. On average, analysts forecast that ESSA Bancorp will post $0.70 earnings per share for the current year.
A number of analysts have recently weighed in on the company. Maxim Group reiterated a “hold” rating on shares of ESSA Bancorp in a research report on Wednesday, April 19th. TheStreet cut ESSA Bancorp from a “b” rating to a “c+” rating in a research report on Wednesday, May 17th.
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In other news, Director William A. Viechnicki sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $14.73, for a total value of $29,460.00. Following the transaction, the director now directly owns 8,808 shares of the company’s stock, valued at approximately $129,741.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel J. Henning sold 3,200 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $14.65, for a total value of $46,880.00. Following the completion of the transaction, the director now directly owns 62,261 shares in the company, valued at $912,123.65. The disclosure for this sale can be found here. Insiders have sold 7,637 shares of company stock worth $112,331 over the last ninety days. Company insiders own 12.39% of the company’s stock.
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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