Stock Mover of the Day: What’s ESSA Bancorp, Inc. Upside After Making 52-Week High?

Stock Mover of the Day: What's ESSA Bancorp, Inc. Upside After Making 52 Week High?

The stock of ESSA Bancorp, Inc. (NASDAQ:ESSA) hit a new 52-week high and has $15.31 target or 3.00% above today’s $14.86 share price. The 9 months bullish chart indicates low risk for the $169.77 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $15.31 price target is reached, the company will be worth $5.09M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 12,270 shares traded hands. ESSA Bancorp, Inc. (NASDAQ:ESSA) has risen 8.76% since April 22, 2016 and is uptrending. It has outperformed by 3.35% the S&P500.

Analysts await ESSA Bancorp, Inc. (NASDAQ:ESSA) to report earnings on January, 25.

According to Zacks Investment Research, “ESSA Bancorp, Inc. operates as the holding company for ESSA Bank & Trust and is the leading service-oriented financial institution that provides services to individuals, families, and businesses in greater Pocono, Pennsylvania region. The Bank maintains its corporate headquarters in downtown Stroudsburg, Pennsylvania and has community offices throughout the Pocono area. In addition to being one of the region’s largest mortgage lenders, ESSA Bank & Trust offers a full range of retail and commercial financial services. 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 construction mortgage loans, commercial real estate, home equity loans and lines of credit, commercial and consumer loans.”

Insitutional Activity: The institutional sentiment decreased to 1.2 in Q2 2016. Its down 0.92, from 2.12 in 2016Q1. The ratio dropped, as 10 funds sold all ESSA Bancorp, Inc. shares owned while 7 reduced positions. 16 funds bought stakes while 20 increased positions. They now own 4.39 million shares or 13.62% more from 3.86 million shares in 2016Q1.
Blackrock Fund Advsrs owns 224,452 shares or 0% of their US portfolio. Tiaa Cref Invest Mgmt Limited Liability Corporation owns 22,406 shares or 0% of their US portfolio. Banc Funds Communications Ltd Co accumulated 128,218 shares or 0.1% of the stock. Tfs Capital Limited Liability Corporation, a Pennsylvania-based fund reported 12,348 shares. Axa accumulated 11,500 shares or 0% of the stock. Amer Interest Group Inc holds 4,700 shares or 0% of its portfolio. Morgan Stanley holds 0% or 4,823 shares in its portfolio. Northern Tru last reported 0% of its portfolio in the stock. The Ontario – Canada-based Manufacturers Life Insur Co The has invested 0% in ESSA Bancorp, Inc. (NASDAQ:ESSA). Pnc Svcs Grp holds 13,500 shares or 0% of its portfolio. Nationwide Fund Advisors holds 0% of its portfolio in ESSA Bancorp, Inc. (NASDAQ:ESSA) for 10,374 shares. Schwab Charles Investment Management holds 0% or 12,500 shares in its portfolio. Foundry Limited last reported 170,460 shares in the company. Vanguard Grp reported 450,528 shares or 0% of all its holdings. Brandywine Glob Ltd Co reported 3,460 shares or 0% of all its holdings.

Insider Transactions: Since June 10, 2016, the stock had 1 buying transaction, and 4 selling transactions for $312,621 net activity. 10,000 ESSA Bancorp, Inc. (NASDAQ:ESSA) shares with value of $136,104 were sold by Henning Daniel J. Patterson Stephen H also bought $14,110 worth of ESSA Bancorp, Inc. (NASDAQ:ESSA) on Monday, August 8. On Friday, July 29 Viechnicki William A sold $70,250 worth of the stock or 5,000 shares. 2,338 ESSA Bancorp, Inc. (NASDAQ:ESSA) shares with value of $33,921 were sold by Muto Allan A.

Another recent and important ESSA Bancorp, Inc. (NASDAQ:ESSA) news was published by Globenewswire.com which published an article titled: “ESSA Bancorp, Inc. (Nasdaq: ESSA) to Ring The Nasdaq Stock Market Closing Bell” on November 15, 2016.

ESSA Company Profile

ESSA Bancorp, Inc., incorporated on November 29, 2006, is the Pennsylvania-chartered stock holding firm of ESSA Bank & Trust (the Bank). The Firm provides financial services to individuals, families and businesses through its approximately 30 full-service banking offices, located in Monroe, Northampton and Lehigh counties, Pennsylvania. The Bank’s business consists primarily of accepting deposits from the general public and investing those deposits, together with funds generated from activities and borrowings, in residential first mortgage loans (including construction mortgage loans), commercial real estate loans, home equity loans and lines of credit, commercial and consumer loans (including indirect auto loans). It offers a range of deposit accounts, including checking, savings and certificates of deposits. It also offers asset management and trust services. The Firm also offers investment services. It offers insurance benefit consulting services through its subsidiary, ESSA Advisory Services, LLC.

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