Esquire Financial Holdings, Inc. (NASDAQ:ESQ) to Issue $0.20 Quarterly Dividend

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Friday, August 14th will be given a dividend of 0.20 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, August 14th.

Esquire Financial has a dividend payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Esquire Financial to earn $8.70 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 9.2%.

Esquire Financial Price Performance

ESQ opened at $129.63 on Friday. Esquire Financial has a 12 month low of $90.57 and a 12 month high of $134.82. The stock has a market capitalization of $1.12 billion, a P/E ratio of 21.39 and a beta of 0.39. The business has a 50 day simple moving average of $116.54 and a 200-day simple moving average of $111.06.

Esquire Financial (NASDAQ:ESQ) last issued its earnings results on Thursday, July 23rd. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.56 by $0.04. Esquire Financial had a net margin of 29.30% and a return on equity of 18.59%. The company had revenue of $42.13 million for the quarter, compared to analyst estimates of $41.59 million. Research analysts anticipate that Esquire Financial will post 6.9 EPS for the current year.

Esquire Financial Company Profile

Esquire Financial Holdings, Inc is a bank holding company whose principal subsidiary, Esquire Bank, specializes in residential mortgage lending and community banking services. Headquartered in Kansas City, Missouri, the company operates through multiple distribution channels, including retail branches, wholesale and correspondent lending divisions. Esquire Financial focuses on tailored home financing solutions while maintaining a community-oriented approach to banking.

In its mortgage lending business, Esquire Bank originates and services a range of home loan products, including government-insured mortgages (FHA, VA and USDA) as well as conventional conforming and jumbo loans.