Esquire Financial (NASDAQ:ESQ) Director Sells $1,473,200.00 in Stock

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Anthony Coelho sold 11,600 shares of Esquire Financial stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $127.00, for a total transaction of $1,473,200.00. Following the sale, the director directly owned 55,765 shares of the company’s stock, valued at $7,082,155. This represents a 17.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Esquire Financial Stock Performance

Shares of Esquire Financial stock opened at $127.36 on Thursday. The firm has a fifty day moving average of $119.99 and a two-hundred day moving average of $114.68. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 21.19 and a beta of 0.36. Esquire Financial Holdings, Inc. has a 52 week low of $92.96 and a 52 week high of $134.82.

Esquire Financial (NASDAQ:ESQ) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.23. Esquire Financial had a return on equity of 21.49% and a net margin of 26.92%. The business had revenue of $61.39 million for the quarter, compared to analyst estimates of $59.93 million. As a group, research analysts forecast that Esquire Financial Holdings, Inc. will post 7.49 EPS for the current fiscal year.

Esquire Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.80 annualized dividend and a yield of 0.6%. Esquire Financial’s dividend payout ratio is presently 13.31%.

Institutional Trading of Esquire Financial

Hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC grew its stake in Esquire Financial by 861.5% in the third quarter. Sterling Capital Management LLC now owns 250 shares of the company’s stock valued at $29,000 after acquiring an additional 224 shares during the period. Provenance Wealth Advisors LLC bought a new stake in shares of Esquire Financial in the third quarter worth about $29,000. Global Retirement Partners LLC acquired a new stake in shares of Esquire Financial during the second quarter worth about $39,000. Fortitude Family Office LLC acquired a new stake in shares of Esquire Financial during the third quarter worth about $93,000. Finally, Parallel Advisors LLC raised its position in shares of Esquire Financial by 845.3% during the third quarter. Parallel Advisors LLC now owns 1,002 shares of the company’s stock worth $117,000 after purchasing an additional 896 shares during the period. Institutional investors and hedge funds own 54.66% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on ESQ shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Esquire Financial in a research note on Thursday, October 29th. Wall Street Zen upgraded shares of Esquire Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Esquire Financial from a “buy (a-)” rating to a “buy (a)” rating in a research note on Tuesday, October 27th. Finally, Zacks Research raised shares of Esquire Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. Three analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Strong Buy” and a consensus target price of $122.50.

About Esquire Financial

Esquire Financial Holdings, Inc is the bank holding company for Esquire Bank, a federally chartered community bank headquartered in Jericho, New York. Esquire Bank primarily serves law firms, attorneys, and other professional-service businesses, as well as small and middle-market companies, entrepreneurs, and individuals.

The bank provides commercial banking products and services that include business checking and savings accounts, commercial loans, lines of credit, commercial real estate financing, construction lending, and small business lending.