6,132 Shares in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Purchased by Bosun Asset Management LLC

Bosun Asset Management LLC purchased a new position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,132 shares of the company's stock, valued at approximately $487,000. Bosun Asset Management LLC owned about 0.07% of Esquire Financial at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in Esquire Financial by 151.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 788 shares of the company's stock valued at $63,000 after buying an additional 474 shares during the period. Jump Financial LLC bought a new stake in shares of Esquire Financial in the 4th quarter worth approximately $207,000. The Manufacturers Life Insurance Company purchased a new position in shares of Esquire Financial during the fourth quarter valued at approximately $213,000. Cornerstone Investment Partners LLC purchased a new stake in Esquire Financial in the fourth quarter worth $218,000. Finally, Delphi Management Inc. MA increased its position in Esquire Financial by 33.8% during the 4th quarter. Delphi Management Inc. MA now owns 2,776 shares of the company's stock valued at $221,000 after purchasing an additional 701 shares during the period. Hedge funds and other institutional investors own 54.66% of the company's stock.

Insider Buying and Selling

In related news, EVP Ari P. Kornhaber sold 20,000 shares of Esquire Financial stock in a transaction on Monday, April 28th. The stock was sold at an average price of $83.51, for a total value of $1,670,200.00. Following the completion of the sale, the executive vice president now owns 104,644 shares of the company's stock, valued at $8,738,820.44. The trade was a 16.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kevin C. Waterhouse sold 3,000 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $83.87, for a total value of $251,610.00. Following the sale, the director now 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. In the last ninety days, insiders sold 43,000 shares of company stock worth $3,473,610. 18.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ESQ has been the subject of a number of research reports. Piper Sandler increased their price target on shares of Esquire Financial from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Raymond James cut Esquire Financial from a "strong-buy" rating to a "market perform" rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods increased their price objective on Esquire Financial from $85.00 to $94.00 and gave the stock a "market perform" rating in a report on Tuesday, April 29th.

Esquire Financial Price Performance

ESQ stock traded up $0.42 on Friday, reaching $89.68. 51,017 shares of the company traded hands, compared to its average volume of 48,005. The firm has a fifty day simple moving average of $77.93 and a 200-day simple moving average of $78.43. The company has a market cap of $756.18 million, a P/E ratio of 17.38 and a beta of 0.51. Esquire Financial Holdings, Inc. has a one year low of $44.55 and a one year high of $90.91.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.03. The firm had revenue of $33.76 million for the quarter, compared to analysts' expectations of $30.71 million. Esquire Financial had a net margin of 31.58% and a return on equity of 19.93%. On average, sell-side analysts forecast that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current year.

Esquire Financial Dividend Announcement

The firm 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. The ex-dividend date is Thursday, May 15th. This represents a $0.70 annualized dividend and a yield of 0.78%. Esquire Financial's payout ratio is 13.23%.

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.