Acadian Asset Management LLC Lowers Position in ESSA Bancorp, Inc. (ESSA)
Acadian Asset Management LLC lowered its stake in shares of ESSA Bancorp, Inc. (NASDAQ:ESSA) by 6.0% during the second quarter, Holdings Channel reports. The fund owned 82,633 shares of the financial services provider’s stock after selling 5,312 shares during the period. Acadian Asset Management LLC’s holdings in ESSA Bancorp were worth $1,217,000 at the end of the most recent reporting period.
Shares of ESSA Bancorp, Inc. (ESSA) traded up 0.27% during mid-day trading on Thursday, reaching $14.59. The company’s stock had a trading volume of 2,778 shares. ESSA Bancorp, Inc. has a 12 month low of $12.93 and a 12 month high of $16.91. The company has a 50 day moving average price of $14.87 and a 200 day moving average price of $15.10. The stock has a market capitalization of $155.79 million, a P/E ratio of 22.80 and a beta of 0.26.
ESSA Bancorp (NASDAQ:ESSA) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter. ESSA Bancorp had a net margin of 10.35% and a return on equity of 4.00%. The company had revenue of $13.28 million during the quarter. On average, equities research analysts anticipate that ESSA Bancorp, Inc. will post $0.70 earnings per share for the current fiscal year.
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ESSA has been the topic of several research reports. TheStreet cut ESSA Bancorp from a “b” rating to a “c+” rating in a research note on Wednesday, May 17th. Maxim Group restated a “hold” rating on shares of ESSA Bancorp in a research note on Wednesday, April 19th.
In other news, Director Daniel J. Henning sold 3,200 shares of ESSA Bancorp stock in a transaction that occurred on Thursday, May 25th. The shares were 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 owns 62,261 shares in the company, valued at $912,123.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 5,637 shares of company stock valued at $82,871 in the last quarter. 12.39% of the stock is currently owned by corporate 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.
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