Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,381 shares of the company's stock after selling 3,357 shares during the period. Dimensional Fund Advisors LP owned 2.44% of Esquire Financial worth $16,169,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ESQ. Barclays PLC grew its position in Esquire Financial by 322.6% in the 3rd quarter. Barclays PLC now owns 10,308 shares of the company's stock worth $672,000 after purchasing an additional 7,869 shares during the period. JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 14,521 shares during the period. SG Americas Securities LLC increased its holdings in Esquire Financial by 38.3% in the 4th quarter. SG Americas Securities LLC now owns 3,203 shares of the company's stock valued at $255,000 after acquiring an additional 887 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Esquire Financial during the fourth quarter valued at about $534,000. Finally, Ampfield Management L.P. raised its holdings 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 acquiring an additional 24,773 shares in the last quarter. Hedge funds and other institutional investors own 54.66% of the company's stock.

Analyst Ratings Changes

ESQ has been the topic of several analyst reports. Piper Sandler boosted their target price on 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 raised 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. Finally, Raymond James lowered Esquire Financial from a "strong-buy" rating to a "market perform" rating in a report on Friday, January 24th.

Esquire Financial Stock Performance

Shares of ESQ stock traded up $0.52 on Wednesday, reaching $90.69. 7,073 shares of the company were exchanged, compared to its average volume of 74,762. The company has a market cap of $764.66 million, a price-to-earnings ratio of 17.57 and a beta of 0.51. The business has a 50-day moving average price of $78.58 and a 200 day moving average price of $78.77. Esquire Financial Holdings, Inc. has a 1 year low of $44.54 and a 1 year high of $92.50.

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

Esquire Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Thursday, May 15th. Esquire Financial's dividend payout ratio is presently 13.23%.

Insider Buying and Selling at Esquire Financial

In other Esquire Financial news, Director Selig Zises sold 20,000 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $77.59, for a total transaction of $1,551,800.00. Following the sale, the director now directly owns 35,501 shares in the company, valued at approximately $2,754,522.59. The trade was a 36.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin C. Waterhouse sold 3,000 shares of Esquire Financial stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $83.87, for a total value of $251,610.00. Following the transaction, the director now owns 86,599 shares of the company's stock, valued at $7,263,058.13. This represents a 3.35% decrease in their ownership of the stock. 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 three months. Insiders own 18.00% 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.