Separately, Maxim Group downgraded shares of ESSA Bancorp from a “buy” rating to a “hold” rating in a report on Friday, October 28th.
Shares of ESSA Bancorp (NASDAQ:ESSA) traded up 1.39% during trading on Wednesday, reaching $16.80. 16,358 shares of the company’s stock were exchanged. ESSA Bancorp has a 52-week low of $12.93 and a 52-week high of $16.91. The company has a 50 day moving average price of $15.89 and a 200-day moving average price of $14.72. The company has a market capitalization of $175.98 million, a PE ratio of 23.33 and a beta of 0.16.
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In related news, VP Robert L. Selitto sold 15,000 shares of ESSA Bancorp stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $15.65, for a total value of $234,750.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Diane K. Reimer sold 2,342 shares of ESSA Bancorp stock in a transaction on Friday, January 27th. The stock was sold at an average price of $16.06, for a total transaction of $37,612.52. The disclosure for this sale can be found here. Insiders sold a total of 38,304 shares of company stock worth $610,013 in the last quarter. Insiders own 12.39% of the company’s stock.
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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