Stock Rating Downgrade
In recent days the Value Trend Rating for ESSA Bancorp Inc (NASDAQ: ESSA) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
ESSA Bancorp Inc (NASDAQ: ESSA) stock closed at $16.82 on 6/21/24 after a slight decline of -0.9%. Moreover, trading volume in this decline was exceptionally high at 366% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
ESSA’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to be a modest Value Builder.
ESSA Bancorp has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ESSA Bancorp has a good Appreciation Score of 78 but a neutral Power Rating of 42, triggering the High Neutral Value Trend Rating.
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