ESSA ESSA Bancorp, Inc. featured news, full reports, and detailed charts
ESSA Bancorp, Inc. (ESSA) Wrap Up:
This Annual Report contains certain “forward-looking statements” which may be identified by the use of words such as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated” and “potential.” Examples of forward-looking statements include, but are not limited to, estimates with respect to our financial condition, results of operations and business that are subject to various factors which could cause actual results to differ materially from these estimates and most other statements that are not historical in nature. These factors include, but are not limited to, general and local economic conditions, changes in interest rates, deposit flows, demand for mortgage, and other loans, real estate values, competition, changes in accounting principles, policies, or guidelines, changes in legislation or regulation, and other economic, competitive, governmental, regulatory, and technological factors affecting our operations, pricing products and services. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f12%2f20%2f0001193125-07-269304.html#FIS_BUSINESS"Essa Bancorp, Inc. (ESSA:NASDAQ)
Snapshot of Essa Bancorp, Inc. (ESSA)
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OPEN
$12.56
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PREVIOUS CLOSE
$12.78
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DAY HIGH
$12.90
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DAY LOW
$12.56
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52 WEEK HIGH
12/31/08 - $14.28
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52 WEEK LOW
11/20/08 - $11.00
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MARKET CAP
192.9M
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AVERAGE VOLUME 3 mo
26.7K
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DILUTED EPS TTM
$0.47
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SHARES OUTSTANDING
15.0M
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EX-DATE
09/14/09
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P/E TTM
27.2x
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DIVIDEND
$0.20
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DIVIDEND YIELD
1.55%
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| K = Thousands M = Millions B = Billions | ||
ESSA Top Compensated Officers
Executives, Board Directors
Key developments for Essa Bancorp, Inc. (ESSA)
Essa Bancorp Inc. reported unaudited consolidated earnings results for fourth quarter and full year ended September 30, 2009. For the quarter, the company reported net income of $1.4 million, or $0.11 per basic and diluted share as compared to net income of $760,000, or $0.05 per basic and diluted share, for the corresponding period of 2008. The increase in net income of $688,000 for the three months ended September 30, 2009, as compared to the corresponding 2008 period was due primarily to increases in net interest income of $370,000 and total non-interest income of $789,000, partially offset by an increase in total non-interest expense of $519,000. Net interest income increased $370,000, or 5.3%, to $7.3 million from $7.0 million for the comparable period in 2008. The increase was primarily attributable to an increase in the company's interest rate spread to 2.42% for the three months ended September 30, 2009, from 2.23% for the comparable period in 2008, offset in part by a decrease in the company's average net earning assets of $19.5 million. Total interest income was $13.0 million against $13.2 million last year. Net interest income after provision for loan losses were $7.0 million against $6.5 million last year. Income before income taxes was $2.2 million against $1.5 million last year. For the year ended September 30, 2009, the company reported net income of $6.6 million, or $0.47 per basic and diluted share, as compared to net income of $6.1 million or $0.39 per basic share and $0.38 per diluted share for the corresponding period of 2008. The increase in net income of $479,000 for the year ended September 30, 2009, as compared to the 2008 fiscal year was due primarily to increases in net interest income of $2.6 million and total non-interest income of $925,000, partially offset by increases in the provision for loan losses of $600,000 and total non-interest expense of $2.9 million. Net interest income increased $2.6 million, or 9.7%, to $29.0 million for the year ended September 30, 2009, from $26.4 million for the 2008 fiscal year. The increase was primarily attributable to an increase in the company's interest rate spread to 2.40% for the year ended September 30, 2009, from 2.09% for the comparable period in 2008, offset in part by a decrease in the company's average net earning assets of $19.5 million. Total interest income was $52.7 million against $52.0 million last year. Net interest income after provision for loan losses were $27.5 million against $25.5 million last year. Income before income taxes was $9.1 million against $9.1 million last year.
Essa Bancorp, Inc. expected to Report Q1 2010 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 30, 2009).
Essa Bancorp Inc. announced an increase to its quarterly cash dividend from $0.04 per share to $0.05 per share of the company's common stock. The dividend will be payable to stockholders of record as of September 16, 2009, and will be paid on September 30, 2009.
ESSA Competitors
| Company | Last | Change |
| ESB Financial Corp | $11.48 USD | +0.29 |
| Fox Chase Bancorp Inc | $9.79 USD | -0.03 |
| Ocean Shore Holding Co. | $8.00 USD | +0.215 |
| OceanFirst Financial Corp | $10.45 USD | -0.01 |
| Teche Holding Company | $31.35 USD | +0.38 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | ESSA | Industry Range |
| Price/Earnings | 27.3x |
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| Price/Sales | 5.1x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | 29.4x |
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| TEV/Sales | NM | Not Meaningful |
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ESSA |
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ESSA transactions
| Type Date |
Target |
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Buyback
June 26, 2009 |
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More Recent News About ESSA Bancorp, Inc.
More news for ESSA
ESSA Bancorp, Inc. Announces Dividend Increase, Payment to Stockholders
SM “ESSAâ€) today announced an increase to its quarterly cash dividend from $0.04 per share to $0.05 per share of the Company’s common stock. The dividend will be payable to stockholders of record as of September 16, 2009, and will be paid on September 30, 2009. “ESSA’s approach to banking has allowed us to continue to produce solid results, even during these most difficult of economic times,†said Gary S. Olson, President and Chief Executive Officer of the Company. “We are very pleased to share our success with our investors through this increased dividend.â€SM under the symbol “ESSA.â€Forward-Looking StatementsCertain statements contained herein are “forward-looking statements†within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as “may,†“will,†“believe,†“expect,†“estimate,†“anticipate,†“continue,†or similar terms or variations on those terms, or the negative of those terms. Forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, those related to the economic environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevail...Click here to read the whole Article (external link)
ESSA BANCORP, INC. Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward Looking Statements This quarterly report contains forward-looking statements, which can be identified by the use of such words as estimate, project, believe, intend, anticipate, plan, seek, expect and similar expressions. These forward-looking statements include: • statements of our goals, intentions and expectations; • statements regarding our business plans and prospects and growth and operating strategies; • statements regarding the asset quality of our loan and investment portfolios; and • estimates of our risks and future costs and benefits. By identifying these forward-looking statements for you in this manner, we are alerting you to the possibility that our actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Important factors that could cause our actual results and financial condition to differ from those indicated in the forward-looking statements include, among others, those discussed under "Risk Factors" in Part I, Item 1A of the Company's Annual Report on Form 10-K and Part II, Item 1A of this Report on Form 10-Q, as well as the following factors: • significantly increased competition among depository and other financial institutions; • inflation and changes in the interest rate environment that reduce our margins or reduce the fair value of financial instruments; • general economic conditions, either nationally or in our market areas, that are worse than expected; • adverse changes in the securities markets; • legislative or regulatory changes that adversely affect our business; • our ability to enter new markets successfully and take advantage of growth opportunities, and the possible short-term dilutive effect of potential acquisi...Click here to read the whole Article (external link)
ESSA BANCORP, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibi
Show all filings for ESSA BANCORP, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for ESSA BANCORP, INC. 29-Jul-2009Results of Operations and Financial Condition, Financial Statements and Exhibi Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provid...Click here to read the whole Article (external link)
ESSA BANCORP, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Show all filings for ESSA BANCORP, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for ESSA BANCORP, INC. 30-Jun-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for info...Click here to read the whole Article (external link)
ESSA BANCORP, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Show all filings for ESSA BANCORP, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for ESSA BANCORP, INC. 27-Aug-2009Other Events, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational pu...Click here to read the whole Article (external link)
Recently Demutualized Thrifts Provide Investors With Secure Method To Profit From Financial Institutions According To Stifel Nicolaus Bank Analyst
67 WALL STREET, New York - October 6, 2009 - The Wall Street Transcript has just published its Northeast and Mid-Atlantic Regional Banks Report offering a timely review of the sector to serious investors and industry executives. This 130 page feature contains expert industry commentary through 21 in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Residential Situation -- M&A Strategy -- Moderate Pricing -- Recessionary Environmental Issues -- Unemployment -- Poor Banks -- Mutual Holding Company Structure -- Oversold Names -- Cap Rates -- Significant Divident Yields -- Potential Capital Appreciation -- "Smid" Caps -- Dividends in Excess of Earnings -- Expensive Valuations -- Pace of Recovery -- Credit Problems in Both Markets -- Take-Unders -- Regulation -- CRE Issues -- Foreclosure Wave -- Commercial Real Estate -- Stock Gains -- Third Quarter Earnings -- Depository and Lending Side -- Changing Landscape -- Possible Over-Regulation -- Burden on Community and Regional Banks -- Continued Lending -- Economic Recession -- Increased FDIC Charges -- Conservative Banking -- Asset Quality -- Strength of Capital -- Sticking to the Basics -- Customer Service -- TARP Program -- Credit Market -- Modest Recovery -- Shape of the Recovery -- Weathering Turbulent Times -- Opportunities for Growth -- Institutional Investors -- Resurgence in Community Banking -- Corporate Culture -- Opportunities Companies include: BB&T (BBT); Colonial (CNB); First Niagara...Click here to read the whole Article (external link)
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ESSA Bancorp, Inc. Announces Fourth Quarter and Full Year Operating Results for 2009
ESSA BANCORP, INC. AND SUBSIDIARY CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) Â Â For the Three Months Ended September 30, Â For the Year Ended September 30, 2009 Â 2008 2009 Â 2008 (dollars in thousands, except per share data) INTEREST INCOME Loans receivable $ 10,484 $ 10,383 $ 42,290 $ 40,180 Investment securities: ...Click here to read the whole Article (external link)
ESSA BANCORP, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibi
Show all filings for ESSA BANCORP, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for ESSA BANCORP, INC. 4-Nov-2009Results of Operations and Financial Condition, Financial Statements and Exhibi Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provide...Click here to read the whole Article (external link)