Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Declares Quarterly Dividend of $0.20

Key Points

• Esquire Financial declared a quarterly dividend of $0.20 per share, payable December 1 to shareholders of record on November 13. The dividend equates to $0.80 annually and a 0.6% yield.
• The dividend appears well covered, with a current payout ratio of 13.2% and an expected future payout ratio of 9.2% based on projected earnings.
• Esquire Financial exceeded quarterly expectations, reporting $2.12 in EPS versus the $1.89 consensus estimate and revenue of $61.39 million against estimates of $59.93 million.

Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Get Free Report) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.20 per share on Tuesday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, November 13th.

Esquire Financial has a dividend payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Esquire Financial to earn $8.65 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 9.2%.

Esquire Financial Stock Performance

Shares of NASDAQ ESQ opened at $127.70 on Friday. Esquire Financial has a 1 year low of $92.10 and a 1 year high of $134.82. The firm's 50 day moving average price is $119.11 and its 200 day moving average price is $114.29. The firm has a market cap of $1.55 billion, a P/E ratio of 21.25 and a beta of 0.40.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.89 by $0.23. The firm had revenue of $61.39 million during the quarter, compared to analyst estimates of $59.93 million. Esquire Financial had a net margin of 26.92% and a return on equity of 21.49%. As a group, equities analysts predict that Esquire Financial will post 7.49 EPS for the current year.

Esquire Financial Company Profile

Esquire Financial Holdings, Inc is the bank holding company for Esquire Bank, a federally chartered community bank headquartered in Jericho, New York. Esquire Bank primarily serves law firms, attorneys, and other professional-service businesses, as well as small and middle-market companies, entrepreneurs, and individuals.

The bank provides commercial banking products and services that include business checking and savings accounts, commercial loans, lines of credit, commercial real estate financing, construction lending, and small business lending.

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