ESSA Bancorp (NASDAQ:ESSA) Issues Quarterly Earnings Results

ESSA Bancorp (NASDAQ:ESSA) released its earnings results on Wednesday. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, Zacks reports. ESSA Bancorp had a net margin of 15.22% and a return on equity of 7.55%.

ESSA Bancorp Stock Up 1.1 %

Shares of ESSA Bancorp stock opened at $21.30 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.04. ESSA Bancorp has a 52-week low of $15.29 and a 52-week high of $21.62. The company has a market capitalization of $216.20 million, a P/E ratio of 11.97 and a beta of 0.40. The company has a 50 day moving average of $19.94 and a 200 day moving average of $19.21.

ESSA Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.82%. ESSA Bancorp’s payout ratio is 33.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on ESSA Bancorp in a report on Wednesday. They issued a “hold” rating for the company.

About ESSA Bancorp

ESSA Bancorp, Inc operates as a bank holding company for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. The company accepts 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.