Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Richard T. Powers Sells 1,427 Shares

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Richard T. Powers sold 1,427 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $86.99, for a total value of $124,134.73. Following the sale, the director now owns 58,997 shares of the company’s stock, valued at approximately $5,132,149.03. This trade represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Esquire Financial Trading Down 2.4 %

Shares of Esquire Financial stock traded down $2.11 during trading on Friday, reaching $85.89. The company’s stock had a trading volume of 23,107 shares, compared to its average volume of 105,504. The company has a 50-day moving average price of $81.40 and a two-hundred day moving average price of $69.85. The firm has a market cap of $714.69 million, a PE ratio of 16.64 and a beta of 0.73. Esquire Financial Holdings, Inc. has a fifty-two week low of $44.45 and a fifty-two week high of $90.18.

Esquire Financial (NASDAQ:ESQ) last announced its earnings results on Thursday, January 23rd. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Esquire Financial had a net margin of 31.58% and a return on equity of 19.93%. On average, analysts predict that Esquire Financial Holdings, Inc. will post 5.52 earnings per share for the current fiscal year.

Esquire Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.175 per share. This is a positive change from Esquire Financial’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, February 14th. Esquire Financial’s payout ratio is presently 13.57%.

Institutional Investors Weigh In On Esquire Financial

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its stake in shares of Esquire Financial by 36.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 798 shares of the company’s stock worth $52,000 after buying an additional 214 shares during the last quarter. Quantbot Technologies LP acquired a new position in Esquire Financial in the 3rd quarter valued at about $54,000. Copeland Capital Management LLC acquired a new position in Esquire Financial in the 3rd quarter valued at about $64,000. FMR LLC raised its stake in Esquire Financial by 14.3% in the 3rd quarter. FMR LLC now owns 2,115 shares of the company’s stock valued at $138,000 after purchasing an additional 264 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Esquire Financial in the 3rd quarter valued at about $151,000. 54.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ESQ shares. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $85.00 price target (up from $80.00) on shares of Esquire Financial in a research report on Monday, January 27th. Raymond James lowered shares of Esquire Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, January 24th. Finally, Piper Sandler raised their price objective on shares of Esquire Financial from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Monday, January 27th.

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.