Bosun Asset Management LLC Invests $487,000 in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Bosun Asset Management LLC acquired a new position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,132 shares of the company's stock, valued at approximately $487,000. Bosun Asset Management LLC owned approximately 0.07% of Esquire Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of 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 during the period. JPMorgan Chase & Co. grew its holdings in shares of Esquire Financial by 161.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,500 shares of the company's stock worth $1,532,000 after acquiring an additional 14,521 shares during the period. SG Americas Securities LLC grew its holdings in Esquire Financial by 38.3% in the fourth quarter. SG Americas Securities LLC now owns 3,203 shares of the company's stock valued at $255,000 after purchasing an additional 887 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Esquire Financial during the 4th quarter valued at about $534,000. Finally, Ampfield Management L.P. raised its position in shares of Esquire Financial by 10.9% during the 4th quarter. Ampfield Management L.P. now owns 251,633 shares of the company's stock worth $20,005,000 after purchasing an additional 24,773 shares during the last quarter. Institutional investors and hedge funds own 54.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Esquire Financial from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods increased their price objective on shares of Esquire Financial from $85.00 to $94.00 and gave the stock a "market perform" rating in a report on Tuesday, April 29th. Finally, Raymond James downgraded shares of Esquire Financial from a "strong-buy" rating to a "market perform" rating in a report on Friday, January 24th.

Insider Buying and Selling at Esquire Financial

In related news, Director Selig Zises sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was 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 of the company's stock, valued at approximately $2,754,522.59. This trade represents a 36.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kevin C. Waterhouse sold 3,000 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $83.87, for a total transaction of $251,610.00. Following the transaction, the director now directly owns 86,599 shares of the company's stock, valued at approximately $7,263,058.13. This trade represents a 3.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,000 shares of company stock worth $3,473,610 over the last quarter. 18.90% of the stock is owned by corporate insiders.

Esquire Financial Price Performance

NASDAQ ESQ traded up $0.42 during trading hours on Friday, hitting $89.68. The company had a trading volume of 51,017 shares, compared to its average volume of 47,911. The firm's 50 day moving average is $77.93 and its 200 day moving average is $78.33. Esquire Financial Holdings, Inc. has a fifty-two week low of $44.55 and a fifty-two week high of $91.24. The company has a market capitalization of $756.18 million, a price-to-earnings ratio of 17.38 and a beta of 0.51.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.03. The company had revenue of $33.76 million for the quarter, compared to analyst estimates of $30.71 million. Esquire Financial had a net margin of 31.58% and a return on equity of 19.93%. On average, equities analysts anticipate 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. Investors of record on Thursday, May 15th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, May 15th. Esquire Financial's dividend payout ratio is currently 13.23%.

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.