Boothbay Fund Management LLC Raises Stock Holdings in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Boothbay Fund Management LLC raised its holdings in Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) by 14.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,688 shares of the company's stock after buying an additional 3,071 shares during the period. Boothbay Fund Management LLC owned 0.28% of Esquire Financial worth $1,883,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC raised its stake in Esquire Financial by 322.6% in the third quarter. Barclays PLC now owns 10,308 shares of the company's stock valued at $672,000 after purchasing an additional 7,869 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Esquire Financial by 3.4% in the third quarter. Geode Capital Management LLC now owns 182,259 shares of the company's stock worth $11,887,000 after purchasing an additional 6,025 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Esquire Financial in the 4th quarter valued at about $534,000. Franklin Resources Inc. bought a new position in Esquire Financial during the third quarter worth $252,000. Finally, American Century Companies Inc. lifted its stake in Esquire Financial by 16.8% in the fourth quarter. American Century Companies Inc. now owns 166,915 shares of the company's stock valued at $13,270,000 after buying an additional 23,998 shares during the period. Institutional investors own 54.66% of the company's stock.

Esquire Financial Stock Up 2.9 %

Shares of NASDAQ ESQ traded up $2.40 during midday trading on Friday, reaching $85.84. The company had a trading volume of 62,741 shares, compared to its average volume of 47,502. The firm's fifty day moving average price is $76.76 and its 200-day moving average price is $77.62. Esquire Financial Holdings, Inc. has a one year low of $44.55 and a one year high of $90.18. The stock has a market cap of $723.80 million, a PE ratio of 16.64 and a beta of 0.52.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.03. Esquire Financial had a return on equity of 19.93% and a net margin of 31.58%. The firm had revenue of $33.76 million during the quarter, compared to analyst estimates of $30.71 million. As a group, equities research analysts expect that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current year.

Esquire Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Thursday, May 15th. Esquire Financial's payout ratio is 13.23%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ESQ shares. Piper Sandler upped their target price on shares of Esquire Financial from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Raymond James lowered shares of Esquire Financial from a "strong-buy" rating to a "market perform" rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their target price on Esquire Financial from $85.00 to $94.00 and gave the stock a "market perform" rating in a research report on Tuesday.

Insider Activity

In related news, Director Selig Zises sold 20,000 shares of Esquire Financial stock in a transaction on Friday, February 28th. The shares were sold at an average price of $77.59, for a total value of $1,551,800.00. Following the sale, the director now owns 35,501 shares in the company, valued at $2,754,522.59. The trade was a 36.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard T. Powers sold 1,427 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.99, for a total transaction of $124,134.73. Following the completion of the transaction, the director now owns 58,997 shares of the company's stock, valued at $5,132,149.03. This trade represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,427 shares of company stock valued at $3,597,745. Insiders own 18.90% of the company's stock.

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.