JPMorgan Chase & Co. Increases Stock Position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

JPMorgan Chase & Co. boosted its position in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) by 16.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,340 shares of the company's stock after purchasing an additional 3,840 shares during the period. JPMorgan Chase & Co. owned about 0.33% of Esquire Financial worth $2,174,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Ampfield Management L.P. lifted its holdings in shares of Esquire Financial by 10.9% in the 4th quarter. Ampfield Management L.P. now owns 251,633 shares of the company's stock worth $20,005,000 after buying an additional 24,773 shares during the period. American Century Companies Inc. increased its holdings in shares of 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 purchasing an additional 23,998 shares during the period. Vanguard Group Inc. increased its holdings in shares of Esquire Financial by 5.8% in the fourth quarter. Vanguard Group Inc. now owns 387,730 shares of the company's stock valued at $30,825,000 after purchasing an additional 21,266 shares during the period. State Street Corp boosted its stake in shares of Esquire Financial by 8.5% in the third quarter. State Street Corp now owns 144,344 shares of the company's stock worth $9,413,000 after buying an additional 11,345 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Esquire Financial in the fourth quarter worth about $657,000. 54.66% of the stock is currently owned by institutional investors.

Esquire Financial Trading Up 0.3 %

NASDAQ ESQ traded up $0.22 during trading hours on Tuesday, reaching $84.37. The company had a trading volume of 63,525 shares, compared to its average volume of 47,028. The stock has a market capitalization of $711.41 million, a P/E ratio of 16.35 and a beta of 0.52. The stock has a 50-day moving average of $76.42 and a 200 day moving average of $77.24. Esquire Financial Holdings, Inc. has a 1-year low of $44.55 and a 1-year high of $90.18.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.03. The firm 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%. As a group, sell-side analysts predict that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current year.

Esquire Financial Dividend Announcement

The business 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.70 annualized dividend and a yield of 0.83%. Esquire Financial's dividend payout ratio is currently 13.23%.

Insider Transactions at Esquire Financial

In other Esquire Financial 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 transaction, 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 SEC, which can be accessed through this hyperlink. Also, Director Richard T. Powers sold 1,427 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $86.99, for a total transaction of $124,134.73. Following the transaction, the director now owns 58,997 shares in the company, valued at approximately $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 have sold 41,427 shares of company stock worth $3,346,135. Insiders own 18.90% of the company's stock.

Wall Street Analyst Weigh In

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

Esquire Financial 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.