Esquire Financial (NASDAQ:ESQ) Price Target Raised to $94.00 at Keefe, Bruyette & Woods

Esquire Financial (NASDAQ:ESQ - Get Free Report) had its target price upped by analysts at Keefe, Bruyette & Woods from $85.00 to $94.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 9.51% from the company's current price.

Other equities analysts also recently issued reports about the stock. Piper Sandler increased their price objective 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 downgraded Esquire Financial from a "strong-buy" rating to a "market perform" rating in a research note on Friday, January 24th.

Esquire Financial Trading Up 2.9 %

Shares of ESQ stock traded up $2.40 on Tuesday, hitting $85.84. 62,741 shares of the stock were exchanged, compared to its average volume of 47,502. The firm has a market capitalization of $723.80 million, a P/E ratio of 16.64 and a beta of 0.51. Esquire Financial has a fifty-two week low of $44.55 and a fifty-two week high of $90.18. The business has a 50-day moving average of $76.76 and a 200 day moving average of $77.62.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.03. The company had revenue of $33.76 million during 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%. As a group, research analysts forecast that Esquire Financial will post 5.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Esquire Financial news, EVP Ari P. Kornhaber sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $83.51, for a total transaction of $1,670,200.00. Following the completion of the sale, the executive vice president now directly owns 104,644 shares in the company, valued at $8,738,820.44. This trade represents 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 hyperlink. Also, Director Richard T. Powers sold 1,427 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $86.99, for a total value of $124,134.73. Following the completion of the transaction, the director now directly owns 58,997 shares in the company, valued at $5,132,149.03. The trade was a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,427 shares of company stock valued at $3,597,745 over the last 90 days. 18.90% of the stock is currently owned by insiders.

Institutional Trading of Esquire Financial

Several institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in shares of Esquire Financial in the first quarter valued at about $26,000. Rhumbline Advisers boosted its holdings in Esquire Financial by 3.7% in the 1st quarter. Rhumbline Advisers now owns 11,608 shares of the company's stock valued at $875,000 after purchasing an additional 409 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Esquire Financial by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,453 shares of the company's stock worth $1,626,000 after purchasing an additional 467 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Esquire Financial by 151.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 788 shares of the company's stock worth $63,000 after purchasing an additional 474 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Esquire Financial by 16.3% in the fourth quarter. Deutsche Bank AG now owns 4,055 shares of the company's stock valued at $322,000 after buying an additional 568 shares in the last quarter. 54.66% of the stock is currently owned by institutional investors.

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.