Steven Patterson - ESSA Bancorp Senior Vice President Chief Lending Officer

ESSA Stock  USD 18.23  0.37  2.07%   

President

Mr. Steven Patterson is Senior Vice President, Chief Lending Officer of the Company. He was Senior Vice President, Chief Lending Officer since July 2016. Previously, Mr. Patterson served in various senior executive positions at TD Bank, N.A., including Regional Vice President, as well as at other financial institutions. Mr. Patterson is the immediate past Chairman of the Board of Governors for the Greater Lehigh Valley Chamber of Commerce. since 2016.
Age 50
Tenure 8 years
Phone570 421 0531
Webhttps://www.essabank.com

ESSA Bancorp Management Efficiency

ESSA Bancorp's management efficiency ratios could be used to measure how well ESSA Bancorp manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 374.65 M in liabilities with Debt to Equity (D/E) ratio of 9.05, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Debt can assist ESSA Bancorp until it has trouble settling it off, either with new capital or with free cash flow. So, ESSA Bancorp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ESSA Bancorp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ESSA to invest in growth at high rates of return. When we think about ESSA Bancorp's use of debt, we should always consider it together with cash and equity.

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ESSA Bancorp, Inc. operates as a bank holding company for ESSA Bank Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. The company was founded in 1916 and is headquartered in Stroudsburg, Pennsylvania. Essa Bancorp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 234 people. ESSA Bancorp (ESSA) is traded on NASDAQ Exchange in USA. It is located in 200 Palmer Street, Stroudsburg, PA, United States, 18360-0160 and employs 232 people. ESSA Bancorp is listed under Banking category by Fama And French industry classification.

Management Performance

ESSA Bancorp Leadership Team

Elected by the shareholders, the ESSA Bancorp's board of directors comprises two types of representatives: ESSA Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ESSA. The board's role is to monitor ESSA Bancorp's management team and ensure that shareholders' interests are well served. ESSA Bancorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ESSA Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
John Schoonover, Independent Director
William Douglass, Independent Director
Frederick Kutteroff, Independent Director
Charles Hangen, COO, Senior Vice President
William Viechnicki, Independent Director
Peter Gray, Senior COO
Daniel Henning, Independent Director
Stephanie Lefferson, Corporate Relations
Diane Reimer, Sr. VP of Admin. and Operations Division and Sr. VP of Admin. and Operations Division - Essa Bank and Trust
Philip Hosbach, Director
Suzie Farley, IR Contact Officer
Gail Bryant, Sr. VP of Retail Services Division and Sr. VP of Retail Services Division - Essa Bank and Trust
Elizabeth Weekes, Independent Director
Gary Olson, CEO and President Director, CEO of ESSA Bank and Trust and President of ESSA Bank and Trust and Director of ESSA Bank and Trust
Joseph Durkin, Independent Director
Thomas Grayuski, VP of Human Resource Services Division and VP of Human Resource Services Division - Essa Bank and Trust
Christine Gordon, Independent Director
John Burrus, Non-Executive Independent Chairman of the Board
Allan Muto, CFO, Executive VP, CFO of Essa Bank and Trust and Executive VP of Essa Bank and Trust
Steven Patterson, Senior Vice President Chief Lending Officer
Brian Regan, Independent Director
James Fareri, General Counsel
Robert Selitto, Senior Controller
Robert Selig, Independent Director
Timothy Fallon, Director

ESSA Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is ESSA Bancorp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with ESSA Bancorp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ESSA Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ESSA Bancorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with ESSA Stock

  0.92MBCN Middlefield Banc Fiscal Quarter End 31st of March 2024 PairCorr
  0.83MBWM Mercantile Bank Fiscal Quarter End 31st of March 2024 PairCorr

Moving against ESSA Stock

  0.79WF Woori Financial Group Financial Report 21st of May 2024 PairCorr
  0.76KB KB Financial Group Financial Report 20th of May 2024 PairCorr
  0.65RF-PC Regions FinancialPairCorr
  0.63RF-PB Regions FinancialPairCorr
  0.47RF-PE Regions FinancialPairCorr
The ability to find closely correlated positions to ESSA Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ESSA Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ESSA Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ESSA Bancorp to buy it.
The correlation of ESSA Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ESSA Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ESSA Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ESSA Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether ESSA Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ESSA Bancorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Essa Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Essa Bancorp Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESSA Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
For information on how to trade ESSA Stock refer to our How to Trade ESSA Stock guide.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for ESSA Stock analysis

When running ESSA Bancorp's price analysis, check to measure ESSA Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ESSA Bancorp is operating at the current time. Most of ESSA Bancorp's value examination focuses on studying past and present price action to predict the probability of ESSA Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESSA Bancorp's price. Additionally, you may evaluate how the addition of ESSA Bancorp to your portfolios can decrease your overall portfolio volatility.
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Is ESSA Bancorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ESSA Bancorp. If investors know ESSA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ESSA Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of ESSA Bancorp is measured differently than its book value, which is the value of ESSA that is recorded on the company's balance sheet. Investors also form their own opinion of ESSA Bancorp's value that differs from its market value or its book value, called intrinsic value, which is ESSA Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ESSA Bancorp's market value can be influenced by many factors that don't directly affect ESSA Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ESSA Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESSA Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESSA Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.