The stock of ESSA Bancorp, Inc. (NASDAQ:ESSA) hit a new 52-week high and has $16.04 target or 8.00% above today’s $14.85 share price. The 8 months bullish chart indicates low risk for the $169.19M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $16.04 price target is reached, the company will be worth $13.54M 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 12,173 shares traded hands. ESSA Bancorp, Inc. (NASDAQ:ESSA) has risen 9.70% since April 28, 2016 and is uptrending. It has outperformed by 3.78% 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 dived, 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.
Moreover, State Street Corporation has 0% invested in ESSA Bancorp, Inc. (NASDAQ:ESSA) for 91,829 shares. Northern Corporation holds 0% or 106,844 shares in its portfolio. Oppenheimer And Close Limited Liability Com accumulated 119,600 shares or 1.51% of the stock. Blackrock Advsrs Limited accumulated 5,447 shares or 0% of the stock. Moreover, Citigroup has 0% invested in ESSA Bancorp, Inc. (NASDAQ:ESSA) for 812 shares. Tfs Ltd Liability Corporation holds 12,348 shares or 0.03% of its portfolio. Morgan Stanley holds 0% or 4,823 shares in its portfolio. Wells Fargo & Mn, a California-based fund reported 1 shares. Pnc Grp Incorporated Inc has invested 0% of its portfolio in ESSA Bancorp, Inc. (NASDAQ:ESSA). Numeric Invsts Ltd last reported 0.01% of its portfolio in the stock. Gsa Cap Prtnrs Ltd Liability Partnership reported 15,436 shares or 0.01% of all its holdings. holds 0% of its portfolio in ESSA Bancorp, Inc. (NASDAQ:ESSA) for 4,700 shares. The California-based Blackrock Fund Advsr has invested 0% in ESSA Bancorp, Inc. (NASDAQ:ESSA). Lsv Asset holds 0% of its portfolio in ESSA Bancorp, Inc. (NASDAQ:ESSA) for 73,772 shares. Moreover, Seizert Capital Ptnrs Limited Co has 0.02% invested in ESSA Bancorp, Inc. (NASDAQ:ESSA) for 31,024 shares.
Insider Transactions: Since June 10, 2016, the stock had 1 insider purchase, and 4 sales for $312,621 net activity. Henning Daniel J also sold $136,104 worth of ESSA Bancorp, Inc. (NASDAQ:ESSA) shares. Another trade for 1,000 shares valued at $14,110 was made by Patterson Stephen H on Monday, August 8. $33,921 worth of ESSA Bancorp, Inc. (NASDAQ:ESSA) shares were sold by Muto Allan A. Shares for $86,456 were sold by Viechnicki William A.
More news for ESSA Bancorp, Inc. (NASDAQ:ESSA) were recently published by: Globenewswire.com, which released: “ESSA Bancorp, Inc. (Nasdaq: ESSA) to Ring The Nasdaq Stock Market Closing Bell” on November 15, 2016. Equitiesfocus.com‘s article titled: “ESSA Bancorp, Inc. (NASDAQ:ESSA) Posted Basic Consolidated EPS Of $0.9365” and published on December 01, 2016 is yet another important article.
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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