Strength Seen in Essa Bancorp (ESSA): Can Its 7.2% Jump Turn into More Strength?

Essa Bancorp (ESSA) shares ended the last trading session 7.2% higher at $18.44. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7.7% loss over the past four weeks.After getting hammered because of industry-wide concern related to commercial real estate (CRE) loans, shares of Essa Bancorp are showing signs of improvement. Given the company’s notable CRE loan exposure, the Federal Reserve’s signal of rate cuts later ...