Langdon Equity Partners Buys Shares of 130,846 Esquire Financial Holdings, Inc. $ESQ

Langdon Equity Partners bought a new stake in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 130,846 shares of the company’s stock, valued at approximately $14,609,000. Esquire Financial comprises about 7.5% of Langdon Equity Partners’ investment portfolio, making the stock its 7th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Comerica Bank boosted its holdings in Esquire Financial by 8.5% in the fourth quarter. Comerica Bank now owns 1,399 shares of the company’s stock worth $143,000 after acquiring an additional 110 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Esquire Financial by 3.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,178 shares of the company’s stock worth $315,000 after acquiring an additional 156 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Esquire Financial by 64.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 690 shares of the company’s stock worth $70,000 after acquiring an additional 270 shares in the last quarter. Gator Capital Management LLC boosted its holdings in Esquire Financial by 0.3% in the third quarter. Gator Capital Management LLC now owns 93,356 shares of the company’s stock worth $9,527,000 after acquiring an additional 295 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in Esquire Financial in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 54.66% of the company’s stock.

Esquire Financial Stock Performance

Shares of NASDAQ ESQ opened at $115.62 on Friday. Esquire Financial Holdings, Inc. has a fifty-two week low of $88.47 and a fifty-two week high of $134.82. The company has a market cap of $998.96 million, a PE ratio of 19.43 and a beta of 0.39. The business has a 50-day simple moving average of $109.93 and a two-hundred day simple moving average of $107.56.

Esquire Financial (NASDAQ:ESQ) last released its earnings results on Thursday, April 23rd. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.06. Esquire Financial had a return on equity of 18.30% and a net margin of 29.96%.The firm had revenue of $40.46 million during the quarter, compared to the consensus estimate of $40.76 million. On average, sell-side analysts predict that Esquire Financial Holdings, Inc. will post 6.35 earnings per share for the current fiscal year.

Esquire Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.7%. Esquire Financial’s payout ratio is 13.45%.

Insider Transactions at Esquire Financial

In related news, Director Richard T. Powers sold 2,308 shares of Esquire Financial stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $104.83, for a total transaction of $241,947.64. Following the completion of the sale, the director owned 58,233 shares of the company’s stock, valued at $6,104,565.39. The trade was a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Selig Zises sold 5,000 shares of Esquire Financial stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $105.10, for a total value of $525,500.00. Following the sale, the director directly owned 6,501 shares of the company’s stock, valued at $683,255.10. This trade represents a 43.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,308 shares of company stock valued at $3,430,948 in the last ninety days. Corporate insiders own 18.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded Esquire Financial from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Raymond James Financial raised Esquire Financial from a “market perform” rating to a “strong-buy” rating and set a $125.00 price target for the company in a report on Friday, March 13th. Finally, Weiss Ratings raised Esquire Financial from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $120.33.

About Esquire Financial

Esquire Financial Holdings, Inc is a bank holding company whose principal subsidiary, Esquire Bank, specializes in residential mortgage lending and community banking services. Headquartered in Kansas City, Missouri, the company operates through multiple distribution channels, including retail branches, wholesale and correspondent lending divisions. Esquire Financial focuses on tailored home financing solutions while maintaining a community-oriented approach to banking.

In its mortgage lending business, Esquire Bank originates and services a range of home loan products, including government-insured mortgages (FHA, VA and USDA) as well as conventional conforming and jumbo loans.