Esquire Financial (NASDAQ:ESQ) Reaches New 12-Month High at $60.84

Shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) reached a new 52-week high on Wednesday . The company traded as high as $60.84 and last traded at $60.84, with a volume of 127834 shares trading hands. The stock had previously closed at $59.76.

Analysts Set New Price Targets

ESQ has been the topic of a number of recent analyst reports. Piper Sandler raised their target price on shares of Esquire Financial from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $68.00 price objective (up from $62.00) on shares of Esquire Financial in a research report on Friday, July 26th.

Esquire Financial Stock Performance

The business’s fifty day simple moving average is $49.17 and its 200-day simple moving average is $48.68. The firm has a market capitalization of $511.24 million, a PE ratio of 13.26 and a beta of 0.72.

Esquire Financial (NASDAQ:ESQ) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. Esquire Financial had a net margin of 31.36% and a return on equity of 20.43%. The company had revenue of $33.66 million for the quarter, compared to the consensus estimate of $29.99 million. Sell-side analysts expect that Esquire Financial Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Esquire Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.97%. Esquire Financial’s dividend payout ratio is 12.90%.

Insider Transactions at Esquire Financial

In other news, Director Selig Zises sold 2,500 shares of Esquire Financial 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 completion of the sale, the director now directly owns 107,533 shares in the company, valued at $4,934,689.37. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 18.90% of the company’s stock.

Institutional Investors Weigh In On Esquire Financial

Several hedge funds have recently made changes to their positions in ESQ. Rosenthal Henry Capital Advisors Inc. purchased a new stake in shares of Esquire Financial in the 1st quarter worth approximately $1,899,000. Grandeur Peak Global Advisors LLC lifted its holdings in Esquire Financial by 50.0% during the first quarter. Grandeur Peak Global Advisors LLC now owns 85,695 shares of the company’s stock worth $4,068,000 after buying an additional 28,569 shares during the period. Assenagon Asset Management S.A. bought a new stake in Esquire Financial during the 2nd quarter valued at $954,000. Los Angeles Capital Management LLC boosted its position in Esquire Financial by 26.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 54,804 shares of the company’s stock valued at $2,738,000 after acquiring an additional 11,370 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of Esquire Financial by 156.2% in the 4th quarter. Corient Private Wealth LLC now owns 17,052 shares of the company’s stock valued at $852,000 after acquiring an additional 10,397 shares during the period. 54.66% of the stock is currently owned by hedge funds and other institutional investors.

About Esquire Financial

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.