Esquire Financial (NASDAQ:ESQ) Upgraded to Hold by ValuEngine

ValuEngine upgraded shares of Esquire Financial (NASDAQ:ESQ) from a sell rating to a hold rating in a report released on Monday morning, ValuEngine reports.

Separately, TheStreet lowered Esquire Financial from a b- rating to a c rating in a report on Monday, December 23rd.

Shares of NASDAQ ESQ traded down $0.08 during trading hours on Monday, hitting $24.10. 691 shares of the stock were exchanged, compared to its average volume of 13,487. Esquire Financial has a 12 month low of $20.82 and a 12 month high of $28.89. The firm has a fifty day moving average price of $24.73 and a 200-day moving average price of $24.24. The company has a market cap of $182.06 million, a PE ratio of 13.18 and a beta of 1.14.

Esquire Financial (NASDAQ:ESQ) last announced its earnings results on Friday, January 24th. The company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Esquire Financial had a net margin of 29.18% and a return on equity of 13.83%. The company had revenue of $12.02 million during the quarter. Research analysts predict that Esquire Financial will post 2.19 EPS for the current year.

Hedge funds have recently modified their holdings of the company. Citigroup Inc. increased its holdings in shares of Esquire Financial by 50.9% during the fourth quarter. Citigroup Inc. now owns 1,277 shares of the company’s stock valued at $33,000 after acquiring an additional 431 shares in the last quarter. Rhumbline Advisers raised its position in shares of Esquire Financial by 6.9% in the 3rd quarter. Rhumbline Advisers now owns 8,786 shares of the company’s stock valued at $218,000 after purchasing an additional 570 shares during the last quarter. Northern Trust Corp raised its position in shares of Esquire Financial by 2.3% in the 2nd quarter. Northern Trust Corp now owns 60,068 shares of the company’s stock valued at $1,511,000 after purchasing an additional 1,375 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Esquire Financial in the 4th quarter valued at approximately $36,000. Finally, UBS Group AG boosted its stake in Esquire Financial by 22.8% in the 4th quarter. UBS Group AG now owns 10,001 shares of the company’s stock worth $260,000 after purchasing an additional 1,854 shares in the last quarter. Institutional investors and hedge funds own 47.80% of the company’s stock.

About Esquire Financial

Esquire Financial Holdings, Inc operates as the bank holding company for Esquire Bank, National Association that provides commercial banking products and services to legal and small business communities, and commercial and retail customers in the United States. The company offers checking, savings, money market, and time deposits, as well as certificates of deposit.

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