News headlines about ESSA Bancorp (NASDAQ:ESSA) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ESSA Bancorp earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.6255957262622 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Separately, TheStreet raised ESSA Bancorp from a “c+” rating to a “b-” rating in a research report on Friday, June 1st.
Shares of ESSA Bancorp traded up $0.03, hitting $16.04, during trading on Friday, MarketBeat reports. The stock had a trading volume of 6,453 shares, compared to its average volume of 25,213. ESSA Bancorp has a 12 month low of $14.16 and a 12 month high of $16.80. The firm has a market capitalization of $188.38 million, a P/E ratio of 39.05 and a beta of 0.36. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.90 and a current ratio of 0.90.
In other news, insider Diane K. Reimer sold 10,700 shares of the stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $15.55, for a total value of $166,385.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 11,252 shares of company stock valued at $175,217 in the last three months. Corporate insiders own 8.83% of the company’s stock.
ESSA Bancorp Company Profile
ESSA Bancorp, Inc operates as the holding company for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. Its deposit products include savings accounts, interest bearing demand accounts, checking accounts, money market accounts, club accounts, certificates of deposit and IRAs, and other qualified plan accounts, as well as commercial checking accounts for businesses.
Further Reading: Leveraged Buyout (LBO) Explained
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