Esquire Financial Holdings, Inc. $ESQ Holdings Decreased by Arcus Capital Partners LLC

Arcus Capital Partners LLC lowered its position in Esquire Financial Holdings, Inc. (NASDAQ:ESQFree Report) by 7.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,865 shares of the company’s stock after selling 300 shares during the quarter. Arcus Capital Partners LLC’s holdings in Esquire Financial were worth $366,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ESQ. Copeland Capital Management LLC boosted its stake in shares of Esquire Financial by 40,107.1% during the 2nd quarter. Copeland Capital Management LLC now owns 244,861 shares of the company’s stock worth $23,179,000 after acquiring an additional 244,252 shares in the last quarter. USA Financial Formulas boosted its stake in shares of Esquire Financial by 99.7% during the 2nd quarter. USA Financial Formulas now owns 1,338 shares of the company’s stock worth $127,000 after acquiring an additional 668 shares in the last quarter. Longboard Asset Management LP bought a new stake in shares of Esquire Financial during the 2nd quarter worth about $233,000. Next Level Private LLC bought a new stake in shares of Esquire Financial during the 2nd quarter worth about $237,000. Finally, Rhumbline Advisers boosted its stake in shares of Esquire Financial by 3.7% during the 1st quarter. Rhumbline Advisers now owns 11,608 shares of the company’s stock worth $875,000 after acquiring an additional 409 shares in the last quarter. Hedge funds and other institutional investors own 54.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ESQ. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $110.00 price objective (up previously from $102.00) on shares of Esquire Financial in a research report on Friday, July 25th. Wall Street Zen cut Esquire Financial from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Esquire Financial in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Esquire Financial currently has an average rating of “Moderate Buy” and an average target price of $100.50.

Get Our Latest Stock Analysis on Esquire Financial

Insider Buying and Selling

In other news, Director Joseph Melohn sold 1,326 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $100.00, for a total transaction of $132,600.00. Following the completion of the sale, the director owned 136,531 shares in the company, valued at $13,653,100. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Selig Zises sold 17,000 shares of Esquire Financial stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $99.71, for a total transaction of $1,695,070.00. Following the completion of the sale, the director owned 21,001 shares of the company’s stock, valued at approximately $2,094,009.71. The trade was a 44.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,326 shares of company stock valued at $3,403,470. Corporate insiders own 18.00% of the company’s stock.

Esquire Financial Stock Performance

Shares of ESQ opened at $99.88 on Friday. The firm has a market capitalization of $852.98 million, a price-to-earnings ratio of 18.43 and a beta of 0.53. The business’s fifty day moving average price is $99.85 and its two-hundred day moving average price is $93.41. Esquire Financial Holdings, Inc. has a 52 week low of $62.61 and a 52 week high of $107.25.

Esquire Financial (NASDAQ:ESQGet Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.38 EPS for the quarter, hitting the consensus estimate of $1.38. Esquire Financial had a return on equity of 18.87% and a net margin of 30.96%.The business had revenue of ($24.94) million for the quarter, compared to the consensus estimate of $28.26 million. As a group, research analysts forecast that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current year.

Esquire Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, August 15th. Esquire Financial’s payout ratio is currently 12.92%.

About Esquire Financial

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ESQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Esquire Financial Holdings, Inc. (NASDAQ:ESQFree Report).

Institutional Ownership by Quarter for Esquire Financial (NASDAQ:ESQ)

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