Hsbc Holdings PLC Purchases Shares of 6,499 Esquire Financial Holdings, Inc. $ESQ

Hsbc Holdings PLC acquired a new stake in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,499 shares of the company’s stock, valued at approximately $693,000. Hsbc Holdings PLC owned about 0.08% of Esquire Financial at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ESQ. Mawer Investment Management Ltd. lifted its stake in shares of Esquire Financial by 3.1% in the 4th quarter. Mawer Investment Management Ltd. now owns 800,465 shares of the company’s stock valued at $81,703,000 after acquiring an additional 23,692 shares during the last quarter. Vanguard Group Inc. grew its position in Esquire Financial by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 450,577 shares of the company’s stock worth $45,990,000 after acquiring an additional 11,699 shares during the last quarter. Wasatch Advisors LP grew its position in Esquire Financial by 0.5% during the 3rd quarter. Wasatch Advisors LP now owns 368,064 shares of the company’s stock worth $37,563,000 after acquiring an additional 1,878 shares during the last quarter. Copeland Capital Management LLC increased its stake in Esquire Financial by 11.6% in the 4th quarter. Copeland Capital Management LLC now owns 265,550 shares of the company’s stock worth $27,105,000 after purchasing an additional 27,528 shares during the period. Finally, Ampfield Management L.P. increased its stake in Esquire Financial by 23.0% in the 1st quarter. Ampfield Management L.P. now owns 233,216 shares of the company’s stock worth $25,071,000 after purchasing an additional 43,633 shares during the period. Hedge funds and other institutional investors own 54.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wall Street Zen lowered Esquire Financial from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Weiss Ratings raised shares of Esquire Financial from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $120.33.

Esquire Financial Trading Down 1.7%

Esquire Financial stock opened at $129.63 on Friday. The firm has a 50-day moving average of $116.54 and a 200-day moving average of $111.06. The firm has a market cap of $1.12 billion, a P/E ratio of 21.39 and a beta of 0.39. Esquire Financial Holdings, Inc. has a 1-year low of $90.57 and a 1-year high of $134.82.

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

Esquire Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. Esquire Financial’s payout ratio is 13.20%.

About Esquire Financial

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.