ESSA Bancorp Stock (NASDAQ:ESSA), Trade Ideas

ESSA Bancorp

ESSA Bancorp Inc is a holding company, engaged in 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 loans, home equity loans and lines of credit and commercial and industrial loans. The company offers a variety of deposit accounts, including checking, savings and certificates of deposit. The company also offers asset management and trust services and investment services. The company also offers insurance benefit consulting services through its wholly-owned subsidiary, ESSA Advisory Services, LLC.

ESSA Bancorp Inc

ESSA Pharma Inc

ESSA Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESSA#NASDAQ">ESSA</a>) reported its Q1 earnings results on Wednesday, January 24, 2024 at 12:00 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
ESSA Bancorp missed estimated earnings by 2.17%, reporting an EPS of $0.45 versus an estimate of $0.46.
Revenue was down $750 thousand from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.05 which was followed by a 8.65% increase in the share price the next day.
Here's a look at ESSA Bancorp's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.42</td>
<td>0.39</td>
<td>0.46</td>
<td>0.58</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.47</td>
<td>0.45</td>
<td>0.48</td>
<td>0.50</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>16.66M</td>
<td>16.52M</td>
<td>17.19M</td>
<td>18.84M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>17.52M</td>
<td>17.18M</td>
<td>17.18M</td>
<td>17.57M</td>
</tr>
</tbody>
</table>

&#x2A;&#x2A; Listen to the earnings announcement yourself by <a href="">clicking here</a>. &#x2A;&#x2A;
To track all earnings releases for ESSA Bancorp <a href="https://www.benzinga.com/quote/ESSA/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

ESSA

Recap: ESSA Bancorp Q1 Earnings

ESSA Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESSA#NASDAQ">ESSA</a>) reported quarterly earnings of $0.47 per share which beat the analyst consensus estimate of $0.42 by 11.9 percent. This is a 21.67 percent decrease over earnings of $0.60 per share from the same period last year.

News

ESSA Bancorp Q4 EPS $0.47 Beats $0.42 Estimate

ESSA Bank &amp; Trust (ESSA), the wholly owned subsidiary of ESSA Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESSA#NASDAQ">ESSA</a>), today announced it has entered into a settlement with the U.S. Department of Justice (DOJ) to resolve allegations that it violated fair lending laws in the Philadelphia Metropolitan Statistical Area (MSA).
As noted in the Consent Order resolving the case, ESSA categorically denies violating any fair lending laws or engaging in &quot;redlining.&quot;
Under the settlement, ESSA agrees to provide&nbsp;$2.9 million&nbsp;in mortgage loan subsidies over a five-year period for majority Black and Hispanic census tracts, with at least&nbsp;50%&nbsp;of those subsidies to be invested in specified Philadelphia MSA census tracts in proximity to ESSA&#39;s two Delaware County branch locations. The remainder of the subsidies may be used in other qualifying areas.
ESSA is also committing&nbsp;$250,000&nbsp;in additional focused marketing and outreach,&nbsp;$125,000&nbsp;in community development partnerships, and making investments in additional mortgage professionals and a community development officer focused on statistically underserved communities.
The settlement includes no civil penalties levied against ESSA.
&quot;This settlement reflects our business decision to avoid the costs, uncertainties, and distractions of litigation,&quot; said Gary S. Olson, President and CEO of ESSA.
Olson observed that &quot;during the time period covered by the government&#39;s Complaint, ESSA did not receive a single fair lending complaint from any customer or potential customer,&quot; noting further that in 2018 (within the time covered by the government&#39;s Complaint), ESSA opened a branch and business center in downtown Allentown, Pennsylvania in a majority minority census tract.
&quot;ESSA and its Board of Directors believe this is a constructive resolution to a dispute that has lasted several years,&quot; Olson continued. &quot;It is consistent with our guiding principles and longstanding commitment to provide equal lending opportunities to all of the communities we are privileged to serve. We plan on using these loan subsidy funds to expand opportunities for qualified borrowers who can benefit from this assistance. We&#39;re happy and pleased to help families purchase homes. It is simply the right thing to do.&quot;
ESSA has consistently demonstrated corporate leadership through a diverse, highly qualified and independent Board of Directors. The Bank has long been recognized for its innovation in helping communities and borrowers, such as participating in private/public partnerships like the federal Court-Assisted Re-Entry (CARE) and Philadelphia-based Supervision to Aid Re-Entry (STAR) programs, and Pennsylvania&#39;s State Transition Re-Entry Incentive Validating Endeavors (STRIVE) program, which provide loans and financial education to individuals re-entering the community after a period of incarceration.
ESSA also provides housing assistance grants to Houwzer&#39;s RiseUp Fund and has supported the Ripple Community Village Adopt-An-Apartment Project in Allentown, among numerous other community activities within its service areas. ESSA assisted more than 700 companies save hundreds of jobs by participating in the Paycheck Protection Plan during the COVID-19 pandemic.
Olson concluded: &quot;We are proud of our record of community service. While vehemently denying the government&#39;s allegations of redlining, we have cooperated expeditiously and fully with the investigation into this matter. We look forward to continuing to work closely with the DOJ going forward, and just as importantly, with our communities, to provide lending opportunities for all qualified borrowers, no matter their background, or where they live or work.&quot;

Legal

ESSA Bancorp Announces Settlement With DoJ; Co Agrees To Provide $2.9M In Mortgage Loan Subsidies Over A 5-Year Period For Majority Black And Hispanic Census Tracts, $250K In Additional Focused Marketing And Outreach, $125K In Community Development

Tuesday marks the last chance for investors to receive the next dividend payout from ESSA Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESSA#NASDAQ">ESSA</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 15 cents per share. On Wednesday, ESSA Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 15 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own ESSA as of the end of Tuesday's session are eligible to receive the 15 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 31, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on ESSA Bancorp <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Dividends

Tuesday Is Your Last Chance To Buy ESSA Bancorp Before The Dividend Payout

ESSA Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESSA#NASDAQ">ESSA</a>) reported quarterly earnings of $0.50 per share which missed the analyst consensus estimate of $0.58 by 13.79 percent. This is a 6.38 percent increase over earnings of $0.47 per share from the same period last year.

ESSA Bancorp Q1 EPS $0.50 Misses $0.58 Estimate

ESSA Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESSA#NASDAQ">ESSA</a>) reported quarterly earnings of $0.60 per share. This is a 50 percent increase over earnings of $0.40 per share from the same period last year.

ESSA Bancorp Q4 EPS $0.60 Up From $0.40 YoY

Tuesday marks the last chance for investors to receive the next dividend payout from ESSA Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESSA#NASDAQ">ESSA</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a quarterly dividend of 15 cents per share. On Wednesday, ESSA Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 15 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own ESSA as of the end of Tuesday's session are eligible to receive the 15 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on June 30, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on ESSA Bancorp <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

ESSA Bancorp's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

ESSA Bancorp Raises Dividend From $0.12 To $0.15/Share

Buybacks

ESSA Bancorp Announces Authorization Of Stock Repurchase Program Of Up To 500K Shares

ESSA Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESSA#NASDAQ">ESSA</a>) reported quarterly earnings of $0.47 per share. This is a 9.3 percent increase over earnings of $0.43 per share from the same period last year.

ESSA Bancorp Q2 EPS $0.47 Up From $0.43 YoY

ESSA Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESSA#NASDAQ">ESSA</a>) reported quarterly earnings of $0.40 per share. This is a 5.26 percent increase over earnings of $0.38 per share from the same period last year.

ESSA Bancorp Q4 EPS $0.40 Up From $0.38 YoY

ESSA Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESSA#NASDAQ">ESSA</a>) reported quarterly earnings of $0.41 per share. This is a 10.81 percent increase over earnings of $0.37 per share from the same period last year.

ESSA Bancorp Q3 EPS $0.41 Up From $0.37 YoY

ESSA Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESSA#NASDAQ">ESSA</a>) reported quarterly earnings of $0.43 per share. This is a 30.3 percent increase over earnings of $0.33 per share from the same period last year.

ESSA Bancorp Q2 EPS $0.43 Up From $0.33 YoY

ESSA Bancorp, Inc. Increases Quarterly Dividend From $0.11 To $0.12/Share

ESSA Bancorp (NASDAQ:<a class="ticker" href="/stock/ESSA#NASDAQ">ESSA</a>) reported quarterly earnings of $0.41 per share. This is a 24.24 percent increase over earnings of $0.33 per share from the same period last year.

ESSA Bancorp Q1 EPS $0.41 Up From $0.33 YoY

Piper Sandler maintains ESSA Bancorp (NASDAQ:<a class="ticker" href="/stock/ESSA#NASDAQ">ESSA</a>) with a Neutral and raises the price target from $14 to $15.

Price Target

Analyst Ratings

Piper Sandler Maintains Neutral on ESSA Bancorp, Raises Price Target to $15

Piper Sandler maintains ESSA Bancorp (NASDAQ:<a class="ticker" href="/stock/ESSA#NASDAQ">ESSA</a>) with a Neutral and lowers the price target from $15 to $14.

Piper Sandler Maintains Neutral on ESSA Bancorp, Lowers Price Target to $14

<h1>The Meaning Behind Value Stocks</h1>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.
<h2>Benzinga Insights has compiled a list of value stocks in the financial services sector that may be worth watching:</h2>
<ol>
<li>ESSA Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/essa#NASDAQ">ESSA</a>) - P/E: 9.45</li>
<li>Synchrony Finl (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/syf#NYSE">SYF</a>) - P/E: 7.48</li>
<li>Meridian (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrbk#NASDAQ">MRBK</a>) - P/E: 6.35</li>
<li>Principal Financial Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pfg#NASDAQ">PFG</a>) - P/E: 9.61</li>
<li>Citigroup (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/c#NYSE">C</a>) - P/E: 8.77</li>
</ol>
ESSA Bancorp has reported Q3 earnings per share at 0.37, which has increased by 12.12% compared to Q2, which was 0.33. The company&rsquo;s most recent dividend yield sits at 3.42%, which has decreased by 0.04% from 3.46% last quarter.
Synchrony Finl&rsquo;s earnings per share for Q2 sits at 0.06, whereas in Q1, they were at 0.45. Most recently, the company reported a dividend yield of 3.89%, which has decreased by 1.58% from last quarter&rsquo;s yield of 5.47%.
This quarter, Meridian experienced an increase in earnings per share, which was 0.39 in Q1 and is now 0.94. Meridian does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
Most recently, Principal Financial Group reported earnings per share at 1.46, whereas in Q1 earnings per share sat at 1.15. Most recently, the company reported a dividend yield of 5.0%, which has decreased by 2.47% from last quarter&rsquo;s yield of 7.47%.
This quarter, Citigroup experienced a decrease in earnings per share, which was 1.05 in Q1 and is now 0.5. The company&rsquo;s most recent dividend yield sits at 3.95%, which has decreased by 0.69% from 4.64% last quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

Financing

MRBK

5 Value Stocks To Watch In The Financial Services Sector

ESSA Bancorp, Inc. Announces Authorization of 500K Share Buyback

ESSA Bancorp (NASDAQ:<a class="ticker" href="/stock/ESSA#NASDAQ">ESSA</a>) reported quarterly earnings of $0.37 per share. This is a 27.59 percent increase over earnings of $0.29 per share from the same period last year.

ESSA Bancorp Q3 EPS $0.37 Up From $0.29 YoY

ESSA Bancorp declares $0.15 dividend

Overall market sentiment has been down on ESSA Bancorp Inc (ESSA)  stock lately. ESSA receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator. ESSA Bancorp Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ESSA!See Full ESSA ReportWhat is Stock Sent

Is ESSA Bancorp Inc (ESSA) Stock About to Get Hot Thursday?

Warning: ESSA is at high risk of performing badly

ESSA Bancorp GAAP EPS of $0.47 beats by $0.05, revenue of $17.52M beats by $0.89M

Piper Sandler analyst Frank Schiraldi maintained a Hold rating on Essa Bancorp (ESSA – Research Report) today and set a price target of $18.00. The...

Piper Sandler Remains a Hold on Essa Bancorp (ESSA)

The latest announcement is out from Essa Bancorp (ESSA). ESSA Bancorp, Inc. is set to present a comprehensive overview of its business strategies a...

Essa Bancorp Annual Meeting: Business Strategies and Financial Insights

ESSA Bancorp GAAP EPS of $0.48 beats by $0.13, revenue of $16.86M beats by $0.57M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
ESSA Bancorp (NASDAQ:<a href="https://investorplace.com/stock-quotes/essa-stock-quote/">ESSA</a>) just reported results for the second quarter of 2024.<ul><li>ESSA Bancorp reported earnings per share of 48 cents. This was above the analyst estimate for EPS of 35 cents.</li><li>The company reported revenue of $16.86 million.</li><li>This was 3.49% better than the analyst estimate for revenue of $16.29 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/essa-stock-earnings-essa-bancorp-for-q2-of-2024/">ESSA Stock Earnings: ESSA Bancorp Beats EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.