Maxim Group Assigned a Hold Rating to Essa Bancorp

By Carrie Williams

In a report released yesterday, Michael Diana from Maxim Group assigned a Hold rating to Essa Bancorp (NASDAQ: ESSA). The company’s shares closed yesterday at $14.64.

According to, Diana is a 4-star analyst with an average return of 6.0% and a 60.2% success rate. Diana covers the Financial sector, focusing on stocks such as Wheeler Real Estate ate Investment Trust Inc, First Savings Financial Group, and ARMOUR Residential REIT Inc.

Essa Bancorp has an analyst consensus of Hold.

Essa Bancorp’s market cap is currently $167.6M and has a P/E ratio of 20.33. The company has a book value ratio of 0.9789.

Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock. Last month, Gail Bryant, the President of ESSA sold 454 shares for a total of $6,924.

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ESSA Bancorp, Inc. is a stock holding company, which engages in the provision of banking, trust, and advisory services. It offers personal and business banking; government financial services; investment and wealth management; retirement planning; and insurance products. The company was founded in 2006 and is headquartered in Stroudsburg, PA.