Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Sells $251,610.00 in Stock

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Kevin C. Waterhouse sold 3,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $83.87, for a total value of $251,610.00. Following the completion of the sale, the director now owns 86,599 shares in the company, valued at approximately $7,263,058.13. The trade was a 3.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Esquire Financial Stock Up 2.9 %

Shares of NASDAQ ESQ opened at $85.84 on Friday. Esquire Financial Holdings, Inc. has a twelve month low of $44.55 and a twelve month high of $90.18. The firm has a market cap of $723.80 million, a PE ratio of 16.64 and a beta of 0.52. The business has a fifty day simple moving average of $76.76 and a two-hundred day simple moving average of $77.55.

Esquire Financial (NASDAQ:ESQ) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.03. Esquire Financial had a return on equity of 19.93% and a net margin of 31.58%. The firm had revenue of $33.76 million during the quarter, compared to the consensus estimate of $30.71 million. On average, research analysts expect that Esquire Financial Holdings, Inc. will post 5.52 earnings per share for the current year.

Esquire Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a $0.175 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.70 annualized dividend and a dividend yield of 0.82%. Esquire Financial’s payout ratio is presently 13.23%.

Hedge Funds Weigh In On Esquire Financial

Several institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc bought a new stake in Esquire Financial during the 1st quarter valued at $26,000. USA Financial Formulas purchased a new position in Esquire Financial in the first quarter valued at about $51,000. Tower Research Capital LLC TRC raised its holdings in Esquire Financial by 151.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 788 shares of the company’s stock worth $63,000 after purchasing an additional 474 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Esquire Financial during the fourth quarter valued at about $207,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Esquire Financial in the 4th quarter valued at about $213,000. 54.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on ESQ shares. Piper Sandler lifted their target price on Esquire Financial from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods lifted their price objective on shares of Esquire Financial from $85.00 to $94.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, Raymond James cut shares of Esquire Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, January 24th.

Esquire Financial Company Profile

Esquire Financial Holdings, Inc operates as the bank holding company for Esquire Bank, National Association that provides commercial banking products and services to legal industry and small businesses, 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.