Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Holdings Cut by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. reduced its stake in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 17.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,962 shares of the company’s stock after selling 861 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Esquire Financial were worth $258,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in Esquire Financial by 36.6% in the third quarter. Farther Finance Advisors LLC now owns 798 shares of the company’s stock valued at $52,000 after purchasing an additional 214 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Esquire Financial by 1.2% in the 1st quarter. Acadian Asset Management LLC now owns 31,015 shares of the company’s stock valued at $1,471,000 after buying an additional 355 shares in the last quarter. Rhumbline Advisers increased its holdings in Esquire Financial by 4.1% in the second quarter. Rhumbline Advisers now owns 11,236 shares of the company’s stock worth $535,000 after buying an additional 439 shares during the last quarter. Rosenthal Henry Capital Advisors Inc. raised its position in Esquire Financial by 2.0% during the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 40,800 shares of the company’s stock valued at $2,661,000 after acquiring an additional 800 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Esquire Financial in the first quarter valued at approximately $42,000. 54.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lowered shares of Esquire Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $68.00 to $72.00 in a research note on Wednesday, October 2nd. Piper Sandler reiterated an “overweight” rating and issued a $75.00 target price (up from $72.00) on shares of Esquire Financial in a research note on Friday, October 25th.

Esquire Financial Stock Up 0.3 %

ESQ stock opened at $75.66 on Wednesday. Esquire Financial Holdings, Inc. has a twelve month low of $44.45 and a twelve month high of $76.91. The company has a market cap of $628.73 million, a PE ratio of 15.22 and a beta of 0.70. The business’s 50-day simple moving average is $64.47 and its 200 day simple moving average is $56.13.

Esquire Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, November 15th. Esquire Financial’s dividend payout ratio (DPR) is currently 12.07%.

Esquire Financial Company Profile

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.