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ESSA Bancorp

Nasdaq:ESSA
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ESSA
Nasdaq
$162M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

ESSA Bancorp, Inc. operates as the holding company for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. The last earnings update was 9 days ago. More info.


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ESSA Share Price and Events
7 Day Returns
0.4%
NasdaqGS:ESSA
-0.3%
US Mortgage
-1%
US Market
1 Year Returns
-7.4%
NasdaqGS:ESSA
-0.7%
US Mortgage
-0.4%
US Market
ESSA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ESSA Bancorp (ESSA) 0.4% -2.9% -2.6% -7.4% 8.9% 29.9%
US Mortgage -0.3% -2% -0.7% -0.7% 24.5% 41.1%
US Market -1% -3.3% 0.4% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • ESSA underperformed the Mortgage industry which returned -0.7% over the past year.
  • ESSA underperformed the Market in United States of America which returned -0.4% over the past year.
Price Volatility
ESSA
Industry
5yr Volatility vs Market

ESSA Value

 Is ESSA Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ESSA Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ESSA Bancorp.

NasdaqGS:ESSA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $16.88 * 4.1%
$0.69
Book Value of Equity per Share Median Book Value from the past 5 years. $16.88
Discount Rate (Cost of Equity) See below 11.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:ESSA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.81 (1 + (1- 21%) (157.13%))
1.546
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.55
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.546 * 5.96%)
11.94%

Discounted Cash Flow Calculation for NasdaqGS:ESSA using Excess Returns Model Model

The calculations below outline how an intrinsic value for ESSA Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:ESSA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.1% – 11.94%) * $16.88)
$-1.32
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-1.32 / (11.94% - 2.73%)
$-14.38
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $16.88 + $-14.38
$2.5
NasdaqGS:ESSA Discount to Share Price
Calculation Result
Value per share (USD) From above. $2.50
Current discount Discount to share price of $14.80
= -1 x ($14.80 - $2.50) / $2.50
-491.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of ESSA Bancorp is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ESSA Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ESSA Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:ESSA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $1.11
NasdaqGS:ESSA Share Price ** NasdaqGS (2019-08-16) in USD $14.8
United States of America Mortgage Industry PE Ratio Median Figure of 128 Publicly-Listed Mortgage Companies 13.95x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ESSA Bancorp.

NasdaqGS:ESSA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:ESSA Share Price ÷ EPS (both in USD)

= 14.8 ÷ 1.11

13.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ESSA Bancorp is good value based on earnings compared to the US Mortgage industry average.
  • ESSA Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does ESSA Bancorp's expected growth come at a high price?
Raw Data
NasdaqGS:ESSA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-2%per year
United States of America Mortgage Industry PEG Ratio Median Figure of 48 Publicly-Listed Mortgage Companies 1.35x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

NasdaqGS:ESSA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.35x ÷ -2%

-6.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ESSA Bancorp earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ESSA Bancorp's assets?
Raw Data
NasdaqGS:ESSA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $17.79
NasdaqGS:ESSA Share Price * NasdaqGS (2019-08-16) in USD $14.8
United States of America Mortgage Industry PB Ratio Median Figure of 144 Publicly-Listed Mortgage Companies 1.1x
United States of America Market PB Ratio Median Figure of 5,265 Publicly-Listed Companies 1.7x
NasdaqGS:ESSA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:ESSA Share Price ÷ Book Value per Share (both in USD)

= 14.8 ÷ 17.79

0.83x

* Primary Listing of ESSA Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ESSA Bancorp is good value based on assets compared to the US Mortgage industry average.
X
Value checks
We assess ESSA Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. ESSA Bancorp has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ESSA Future Performance

 How is ESSA Bancorp expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ESSA Bancorp expected to grow at an attractive rate?
  • ESSA Bancorp's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • ESSA Bancorp's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • ESSA Bancorp's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:ESSA Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:ESSA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -2%
NasdaqGS:ESSA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.8%
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 9.3%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:ESSA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:ESSA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-09-30 55 12 1
2019-09-30 55 12 1
NasdaqGS:ESSA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 53 22 12
2019-03-31 53 20 12
2018-12-31 52 21 11
2018-09-30 52 23 7
2018-06-30 51 23 5
2018-03-31 50 18 4
2017-12-31 50 20 4
2017-09-30 50 19 7
2017-06-30 51 19 7
2017-03-31 52 22 7
2016-12-31 54 20 8
2016-09-30 53 18 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ESSA Bancorp's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • ESSA Bancorp's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:ESSA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from ESSA Bancorp Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ESSA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-09-30 1.12 1.12 1.12 1.00
2019-09-30 1.12 1.12 1.12 1.00
NasdaqGS:ESSA Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 1.11
2019-03-31 1.08
2018-12-31 1.03
2018-09-30 0.60
2018-06-30 0.51
2018-03-31 0.41
2017-12-31 0.35
2017-09-30 0.69
2017-06-30 0.65
2017-03-31 0.69
2016-12-31 0.74
2016-09-30 0.74

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ESSA Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess ESSA Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ESSA Bancorp has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ESSA Past Performance

  How has ESSA Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ESSA Bancorp's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ESSA Bancorp's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • ESSA Bancorp's 1-year earnings growth exceeds its 5-year average (120% vs -1.5%)
  • ESSA Bancorp's earnings growth has exceeded the US Mortgage industry average in the past year (120% vs 31.9%).
Earnings and Revenue History
ESSA Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ESSA Bancorp Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ESSA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 52.56 12.00 34.37
2019-03-31 52.87 11.77 34.36
2018-12-31 52.45 11.18 34.49
2018-09-30 52.05 6.53 34.60
2018-06-30 51.36 5.46 35.42
2018-03-31 50.41 4.40 35.96
2017-12-31 49.97 3.76 36.17
2017-09-30 49.97 7.34 36.57
2017-06-30 50.95 6.86 37.12
2017-03-31 51.98 7.21 37.34
2016-12-31 53.60 7.71 37.42
2016-09-30 53.17 7.73 36.31
2016-06-30 52.21 8.50 34.39
2016-03-31 51.09 8.85 33.20
2015-12-31 49.51 9.15 31.76
2015-09-30 49.61 9.79 31.16
2015-06-30 49.43 9.86 31.31
2015-03-31 49.45 10.03 30.97
2014-12-31 47.01 9.10 29.89
2014-09-30 44.97 8.50 28.76
2014-06-30 43.10 8.16 27.81
2014-03-31 41.19 7.41 27.24
2013-12-31 42.74 7.95 28.08
2013-09-30 44.12 8.82 28.25
2013-06-30 43.93 4.67 27.64
2013-03-31 41.01 3.59 26.20
2012-12-31 37.27 2.21 24.14
2012-09-30 33.25 0.22 23.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ESSA Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ESSA Bancorp used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.
  • Unable to establish if ESSA Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess ESSA Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ESSA Bancorp has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ESSA Health

 How is ESSA Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of ESSA Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ESSA Bancorp Company Filings, last reported 1 month ago.

NasdaqGS:ESSA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 188.08 254.84 41.43
2019-03-31 183.64 337.97 42.76
2018-12-31 184.78 352.34 41.98
2018-09-30 179.19 298.50 29.29
2018-06-30 178.81 351.13 40.82
2018-03-31 177.38 380.78 37.62
2017-12-31 179.48 368.80 40.93
2017-09-30 182.73 311.61 28.17
2017-06-30 180.55 343.83 35.73
2017-03-31 178.77 320.12 38.84
2016-12-31 171.44 390.49 42.21
2016-09-30 176.34 360.06 34.84
2016-06-30 177.45 393.76 27.48
2016-03-31 174.56 356.84 25.38
2015-12-31 170.03 333.15 27.23
2015-09-30 171.28 320.44 15.30
2015-06-30 171.33 329.66 19.44
2015-03-31 172.51 289.96 18.36
2014-12-31 169.49 276.11 22.22
2014-09-30 167.31 259.32 16.21
2014-06-30 171.30 224.30 25.25
2014-03-31 167.73 183.55 42.43
2013-12-31 166.55 178.76 16.58
2013-09-30 166.45 152.26 24.94
2013-06-30 165.05 177.37 22.09
2013-03-31 171.76 191.10 25.73
2012-12-31 177.35 243.96 21.68
2012-09-30 175.41 234.74 7.81
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • ESSA Bancorp has an acceptable proportion of non-loan assets held.
  • ESSA Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at ESSA Bancorp are broadly funded by customer deposits.
  • ESSA Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • ESSA Bancorp has a low allowance for bad loans.
  • ESSA Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess ESSA Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ESSA Bancorp has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ESSA Dividends

 What is ESSA Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.7%
Current annual income from ESSA Bancorp dividends. Estimated to be 2.7% next year.
If you bought $2,000 of ESSA Bancorp shares you are expected to receive $54 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ESSA Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • ESSA Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:ESSA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 96 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:ESSA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-09-30 0.40 1.00
2019-09-30 0.40 1.00
NasdaqGS:ESSA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-30 0.400 2.636
2019-03-04 0.400 2.572
2018-11-20 0.400 2.535
2018-10-25 0.360 2.230
2018-08-09 0.360 2.240
2018-07-26 0.360 2.280
2018-03-01 0.360 2.377
2017-11-28 0.360 2.280
2017-08-31 0.360 2.312
2017-05-30 0.360 2.422
2017-03-06 0.360 2.429
2016-11-22 0.360 2.262
2016-08-30 0.360 2.600
2016-06-01 0.360 2.628
2016-03-01 0.360 2.656
2015-12-03 0.360 2.686
2015-09-03 0.360 2.740
2015-05-29 0.360 2.802
2015-02-27 0.360 2.809
2014-12-02 0.280 2.350
2014-08-29 0.280 2.457
2014-06-04 0.280 2.505
2014-02-27 0.280 2.588
2013-11-25 0.200 1.785
2013-09-03 0.200 1.875
2013-06-04 0.200 1.806
2013-02-27 0.200 1.847
2013-02-11 0.200 1.784
2012-08-31 0.200 1.936
2012-06-04 0.200 1.896
2012-03-05 0.200 2.020
2012-02-09 0.200 2.045
2012-01-25 0.200 1.947
2011-12-14 0.200 1.905
2011-10-26 0.200 1.862
2011-08-09 0.200 1.818
2011-05-10 0.200 1.698
2011-02-09 0.200 1.583
2010-12-14 0.200 1.562
2010-08-09 0.200 1.645
2010-05-10 0.200 1.598
2010-02-09 0.200 1.592
2009-08-26 0.200 1.612
2009-08-10 0.160 1.178
2009-03-06 0.160 1.197
2009-02-09 0.160 1.297
2008-08-27 0.160 1.204

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of ESSA Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ESSA Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ESSA Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ESSA Bancorp has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ESSA Management

 What is the CEO of ESSA Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gary Olson
COMPENSATION $723,571
AGE 65
TENURE AS CEO 13.6 years
CEO Bio

Mr. Gary S. Olson has been the President and Chief Executive Officer at ESSA Bancorp, Inc. and its subsidiary ESSA Bank & Trust since 2000. Mr. Olson began his career at ESSA Bank & Trust in 1977. He has been a Director at ESSA Bancorp, Inc. and at its subsidiary ESSA Bank & Trust since 2000. He serves as Member of Community Depository Institutions Advisory Council at Federal Reserve Bank of Philadelphia. Mr. Olson is a graduate of East Stroudsburg University.

CEO Compensation
  • Gary's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Gary's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the ESSA Bancorp management team in years:

10.1
Average Tenure
59
Average Age
  • The average tenure for the ESSA Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Gary Olson

TITLE
President
COMPENSATION
$724K
AGE
65
TENURE
13.6 yrs

Allan Muto

TITLE
Executive VP & CFO
COMPENSATION
$382K
AGE
59
TENURE
13.6 yrs

Chuck Hangen

TITLE
Executive VP & COO
COMPENSATION
$404K
AGE
46
TENURE
4 yrs

Diane Reimer

TITLE
Senior Vice President of Administration & Operations Division
COMPENSATION
$302K
AGE
63
TENURE
6.6 yrs

Suzie Farley

TITLE
VP of Investor & Community Relations

James Fareri

TITLE
General Counsel

Thomas Grayuski

TITLE
Senior Vice President of Human Resources Services Division
COMPENSATION
$388K
AGE
58
TENURE
19.6 yrs

Peter Gray

TITLE
Executive VP & Chief Banking Officer
TENURE
1.7 yrs

Stephanie Lefferson

TITLE
Corporate Secretary

Bob Selitto

TITLE
Vice President
Board of Directors Tenure

Average tenure and age of the ESSA Bancorp board of directors in years:

6.8
Average Tenure
59.5
Average Age
  • The tenure for the ESSA Bancorp board of directors is about average.
Board of Directors

Robert Selig

TITLE
Chairman of the Board
COMPENSATION
$42K
AGE
71
TENURE
0.4 yrs

Gary Olson

TITLE
President
COMPENSATION
$724K
AGE
65
TENURE
13.6 yrs

Elizabeth Weekes

TITLE
Director
COMPENSATION
$42K
AGE
60
TENURE
13.6 yrs

Daniel J. Henning

TITLE
Director
COMPENSATION
$43K
AGE
67
TENURE
13.6 yrs

Brian Regan

TITLE
Director
COMPENSATION
$38K
AGE
58
TENURE
8.4 yrs

Frederick Kutteroff

TITLE
Director
COMPENSATION
$46K
AGE
76
TENURE
13.6 yrs

Timothy Fallon

TITLE
Director
COMPENSATION
$39K
AGE
56
TENURE
5.1 yrs

Philip Hosbach

TITLE
Director
COMPENSATION
$13K
AGE
57
TENURE
1.1 yrs

Joseph Durkin

TITLE
Director
COMPENSATION
$38K
AGE
59
TENURE
3.4 yrs

Christine Davis-Gordon

TITLE
Director
COMPENSATION
$38K
AGE
42
TENURE
3.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by ESSA Bancorp individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
05. Aug 19 Buy Peter Gray Individual 02. Aug 19 02. Aug 19 1,000 $14.50 $14,489
30. Jul 19 Buy Charles Hangen Individual 26. Jul 19 26. Jul 19 330 $15.40 $5,078
01. Mar 19 Buy Christine Davis-Gordon Individual 01. Mar 19 01. Mar 19 1,000 $16.23 $16,228
04. Feb 19 Buy Peter Gray Individual 31. Jan 19 31. Jan 19 1,650 $15.36 $25,329
31. Jan 19 Sell Elizabeth Weekes Individual 29. Jan 19 29. Jan 19 -2,000 $15.27 $-30,363
12. Dec 18 Sell Robert Selitto Individual 10. Dec 18 10. Dec 18 -567 $16.00 $-9,072
29. Oct 18 Sell Daniel J. Henning Individual 26. Oct 18 26. Oct 18 -2,500 $16.00 $-40,000
04. Oct 18 Sell Gary Olson Individual 03. Oct 18 03. Oct 18 -6,243 $16.26 $-101,443
03. Oct 18 Sell Gary Olson Individual 01. Oct 18 02. Oct 18 -2,298 $16.28 $-37,346
02. Oct 18 Sell Gary Olson Individual 27. Sep 18 28. Sep 18 -3,700 $16.30 $-60,058
04. Sep 18 Sell Gary Olson Individual 31. Aug 18 31. Aug 18 -233 $16.15 $-3,763
30. Aug 18 Sell Gary Olson Individual 28. Aug 18 28. Aug 18 -6 $16.15 $-97
27. Aug 18 Sell Gary Olson Individual 23. Aug 18 24. Aug 18 -1,719 $16.40 $-27,853
X
Management checks
We assess ESSA Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ESSA Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ESSA News

Simply Wall St News

Update: ESSA Bancorp (NASDAQ:ESSA) Stock Gained 26% In The Last Five Years

There will continue to be wide discrepancies between price and value in the marketplace...' One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Over half a decade, ESSA Bancorp managed to grow its earnings per share at 8.1% a year. … A Different Perspective ESSA Bancorp shareholders are down 5.6% for the year (even including dividends), but the market itself is up 1.2%.

Simply Wall St -

I Ran A Stock Scan For Earnings Growth And ESSA Bancorp (NASDAQ:ESSA) Passed With Ease

But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like ESSA Bancorp (NASDAQ:ESSA). … I note that ESSA Bancorp's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins. … So it is good to see that ESSA Bancorp insiders have a significant amount of capital invested in the stock.

Simply Wall St -

Why ESSA Bancorp, Inc. (NASDAQ:ESSA) Is A Top Dividend Stock

On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … While ESSA Bancorp's 2.7% dividend yield is not the highest, we think its lengthy payment history is quite interesting. … ESSA Bancorp has a number of positive attributes, but falls short of our ideal dividend company.

Simply Wall St -

Is ESSA Bancorp, Inc.'s (NASDAQ:ESSA) CEO Salary Justified?

Check out our latest analysis for ESSA Bancorp How Does Gary Olson's Compensation Compare With Similar Sized Companies? … A first glance this seems like a real positive for shareholders, since Gary Olson is paid less than the average total compensation paid by similar sized companies. … Gary Olson receives relatively low remuneration compared to similar sized companies.

Simply Wall St -

Investors Who Bought ESSA Bancorp (NASDAQ:ESSA) Shares Five Years Ago Are Now Up 47%

Furthermore, you'd generally like to see the share price rise faster than the market. … (NASDAQ:ESSA) has fallen short of that second goal, with a share price rise of 47% over five years, which is below the market return. … During five years of share price growth, ESSA Bancorp achieved compound earnings per share (EPS) growth of 10.0% per year.

Simply Wall St -

What Type Of Shareholder Owns ESSA Bancorp, Inc.'s (NASDAQ:ESSA)?

Taking a look at our data on the ownership groups (below), it's seems that. … Let's take a closer look to see what the different types of shareholder can tell us about ESSA … View our latest analysis for ESSA Bancorp

Simply Wall St -

Should ESSA Bancorp, Inc. (NASDAQ:ESSA) Be Part Of Your Portfolio?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, ESSA Bancorp, Inc. … Let's take a look at ESSA Bancorp in more detail.

Simply Wall St -

ESSA Bancorp, Inc. (NASDAQ:ESSA): Ex-Dividend Is In 3 Days

Have you been keeping an eye on ESSA Bancorp, Inc.'s (NASDAQ:ESSA) upcoming dividend of US$0.10 per share payable on the 29 March 2019? … Below, I will explain how holding ESSA Bancorp can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … Will the company be able to keep paying dividend based on the future earnings growth

Simply Wall St -

Our Take On ESSA Bancorp, Inc.'s (NASDAQ:ESSA) CEO Salary

Gary Olson has been the CEO of ESSA Bancorp, Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Gary Olson's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Have Insiders Been Selling ESSA Bancorp, Inc. (NASDAQ:ESSA) Shares This Year?

In the last twelve months, the biggest single sale by an insider was when Executive VP & CFO Allan Muto sold US$302k worth of shares at a price of US$14.91 per share. … That means that even when the share price was slightly below the current price of US$15.06, an insider wanted to cash in some shares … We generally consider it a negative if insiders have been selling on market, especially if they did so below the current price

Simply Wall St -

ESSA Company Info

Description

ESSA Bancorp, Inc. operates as the 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. Its loan portfolio includes first mortgage loans for the purchase, construction, or refinancing of one- to four-family residential real estate property; commercial real estate loans; home equity loans and lines of credit; and commercial and consumer loans, including indirect auto loans, as well as loans secured by deposits and personal unsecured loans. In addition, it offers insurance benefits consulting services, such as health insurance, life insurance, short term and long term disability, dental, vision, 401(K) retirement planning, and individual health products, as well as asset management and trust, and investment services. As of September 30, 2018, the company operated 22 full-service banking offices, including 7 offices in Monroe County, 3 offices in Lehigh County, 6 offices in Northampton County, 1 office in Lackawanna County, 1 office in Luzerne County, 1 office in Chester County, 2 offices in Delaware County, and 1 office in Montgomery County, Pennsylvania. ESSA Bancorp, Inc. was founded in 1916 and is based in Stroudsburg, Pennsylvania.

Details
Name: ESSA Bancorp, Inc.
ESSA
Exchange: NasdaqGS
Founded: 1916
$162,183,417
10,958,339
Website: http://ir.essabank.com
Address: ESSA Bancorp, Inc.
200 Palmer Street,
Stroudsburg,
Pennsylvania, 18360,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS ESSA Common Shares Nasdaq Global Select US USD 04. Apr 2007
Number of employees
Current staff
Staff numbers
267
ESSA Bancorp employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/18 00:17
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/07/30
Last earnings filing: 2019/08/09
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.