PDT Partners LLC Invests $681,000 in Esquire Financial Holdings, Inc. $ESQ

PDT Partners LLC bought a new stake in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 5,715 shares of the company’s stock, valued at approximately $681,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ESQ. Comerica Bank raised its holdings in Esquire Financial by 8.5% during the 4th quarter. Comerica Bank now owns 1,399 shares of the company’s stock worth $143,000 after buying an additional 110 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Esquire Financial by 3.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,178 shares of the company’s stock worth $315,000 after acquiring an additional 156 shares in the last quarter. Diversified Trust Co increased its position in shares of Esquire Financial by 11.7% in the first quarter. Diversified Trust Co now owns 2,412 shares of the company’s stock worth $259,000 after acquiring an additional 252 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Esquire Financial by 64.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 690 shares of the company’s stock valued at $70,000 after acquiring an additional 270 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Esquire Financial by 3.6% during the fourth quarter. AQR Capital Management LLC now owns 7,866 shares of the company’s stock valued at $803,000 after acquiring an additional 271 shares during the period. Institutional investors and hedge funds own 54.66% of the company’s stock.

Esquire Financial Trading Up 1.3%

Shares of NASDAQ ESQ opened at $114.12 on Friday. Esquire Financial Holdings, Inc. has a one year low of $92.10 and a one year high of $134.82. The business has a 50-day moving average price of $121.81 and a two-hundred day moving average price of $113.19. The firm has a market capitalization of $1.38 billion, a PE ratio of 18.83 and a beta of 0.38.

Esquire Financial (NASDAQ:ESQ) last issued its earnings results on Thursday, July 23rd. The company reported $1.60 earnings per share 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 18.22% and a net margin of 29.30%. Research analysts anticipate that Esquire Financial Holdings, Inc. will post 6.9 EPS for the current year.

Esquire Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.80 dividend on an annualized basis and a yield of 0.7%. Esquire Financial’s payout ratio is presently 13.20%.

Insiders Place Their Bets

In other Esquire Financial news, Director Robert Mitzman sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $129.60, for a total value of $388,800.00. Following the transaction, the director owned 139,679 shares in the company, valued at approximately $18,102,398.40. This represents a 2.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.90% of the company’s stock.

Wall Street Analysts Forecast Growth

ESQ has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Esquire Financial from a “buy (b)” rating to a “buy (a-)” rating in a research report on Thursday, August 13th. Wall Street Zen upgraded shares of Esquire Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $120.33.

Esquire Financial 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.