Quadrature Capital Ltd Sells 904 Shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Quadrature Capital Ltd reduced its position in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 3.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,232 shares of the company’s stock after selling 904 shares during the quarter. Quadrature Capital Ltd owned 0.35% of Esquire Financial worth $1,385,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Acadian Asset Management LLC grew its stake in shares of Esquire Financial by 1.2% during the 1st quarter. Acadian Asset Management LLC now owns 31,015 shares of the company’s stock valued at $1,471,000 after purchasing an additional 355 shares during the period. Vanguard Group Inc. grew its stake in shares of Esquire Financial by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 368,375 shares of the company’s stock valued at $17,487,000 after acquiring an additional 966 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Esquire Financial by 4.4% during the 1st quarter. Russell Investments Group Ltd. now owns 60,745 shares of the company’s stock valued at $2,884,000 after acquiring an additional 2,581 shares during the period. Rosenthal Henry Capital Advisors Inc. bought a new position in shares of Esquire Financial during the 1st quarter valued at approximately $1,899,000. Finally, GSA Capital Partners LLP grew its stake in shares of Esquire Financial by 10.6% during the 1st quarter. GSA Capital Partners LLP now owns 11,066 shares of the company’s stock valued at $525,000 after acquiring an additional 1,065 shares during the period. 54.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ESQ shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $68.00 price objective (up from $62.00) on shares of Esquire Financial in a research note on Friday. Piper Sandler boosted their price target on Esquire Financial from $60.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, April 29th.

Esquire Financial Stock Performance

Shares of ESQ traded up $0.23 during mid-day trading on Friday, hitting $59.30. 77,380 shares of the stock were exchanged, compared to its average volume of 34,598. The company has a market cap of $491.60 million, a PE ratio of 12.75 and a beta of 0.72. Esquire Financial Holdings, Inc. has a 52-week low of $43.24 and a 52-week high of $59.56. The firm has a 50-day moving average of $48.74 and a two-hundred day moving average of $48.51.

Esquire Financial (NASDAQ:ESQ) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.02. Esquire Financial had a return on equity of 20.43% and a net margin of 31.36%. The company had revenue of $29.25 million for the quarter, compared to analyst estimates of $29.04 million. On average, sell-side analysts predict that Esquire Financial Holdings, Inc. will post 4.95 EPS for the current year.

Esquire Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.60 annualized dividend and a yield of 1.01%. Esquire Financial’s payout ratio is presently 12.90%.

Insider Activity at Esquire Financial

In related news, Director Selig Zises sold 2,500 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $45.89, for a total transaction of $114,725.00. Following the sale, the director now owns 107,533 shares in the company, valued at approximately $4,934,689.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 18.90% of the stock is currently owned by insiders.

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.