Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Sells $237,450.00 in Stock

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Joseph Melohn sold 3,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.15, for a total transaction of $237,450.00. Following the transaction, the director now directly owns 3,683 shares of the company’s stock, valued at $291,509.45. This represents a 44.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Esquire Financial Trading Up 1.4 %

NASDAQ ESQ opened at $78.61 on Friday. Esquire Financial Holdings, Inc. has a 1-year low of $44.45 and a 1-year high of $80.89. The company has a market capitalization of $654.11 million, a price-to-earnings ratio of 15.82 and a beta of 0.74. The stock’s 50 day moving average is $72.77 and its two-hundred day moving average is $61.63.

Esquire Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Friday, November 15th. Esquire Financial’s dividend payout ratio (DPR) is 12.07%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its position 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 purchasing an additional 214 shares in the last quarter. FMR LLC increased its holdings in shares of Esquire Financial by 14.3% during the third quarter. FMR LLC now owns 2,115 shares of the company’s stock worth $138,000 after buying an additional 264 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Esquire Financial by 4.1% in the second quarter. Rhumbline Advisers now owns 11,236 shares of the company’s stock valued at $535,000 after acquiring an additional 439 shares during the last quarter. Rosenthal Henry Capital Advisors Inc. boosted its holdings in shares of Esquire Financial by 2.0% in the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 40,800 shares of the company’s stock worth $2,661,000 after acquiring an additional 800 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Esquire Financial during the 3rd quarter worth approximately $54,000. 54.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ESQ shares. Piper Sandler restated an “overweight” rating and set a $75.00 price target (up from $72.00) on shares of Esquire Financial in a research note on Friday, October 25th. Keefe, Bruyette & Woods raised their target price on Esquire Financial from $72.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

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.