Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $101.41 and last traded at $100.07, with a volume of 154497 shares trading hands. The stock had previously closed at $100.03.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Wall Street Zen downgraded Esquire Financial from a "hold" rating to a "sell" rating in a report on Friday. Keefe, Bruyette & Woods lifted their price objective on Esquire Financial from $94.00 to $102.00 and gave the stock a "market perform" rating in a research note on Friday, July 11th.
Read Our Latest Research Report on Esquire Financial
Esquire Financial Trading Up 1.0%
The firm has a market cap of $855.05 million, a price-to-earnings ratio of 19.09 and a beta of 0.52. The firm's 50 day simple moving average is $92.87 and its two-hundred day simple moving average is $84.67.
Esquire Financial (NASDAQ:ESQ - Get Free Report) last posted 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. Esquire Financial had a net margin of 31.37% and a return on equity of 19.20%. The firm had revenue of $33.76 million for the quarter, compared to analyst estimates of $30.71 million. As a group, equities research analysts anticipate that Esquire Financial Holdings, Inc. will post 5.52 earnings per share for the current fiscal year.
Esquire Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were given a dividend of $0.175 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.69%. Esquire Financial's dividend payout ratio is presently 13.23%.
Insiders Place Their Bets
In other Esquire Financial news, EVP Ari P. Kornhaber sold 20,000 shares of the company's stock in a transaction dated 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 directly owned 104,644 shares in the company, valued at $8,738,820.44. This represents a 16.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kevin C. Waterhouse sold 3,000 shares of the firm's stock in a transaction 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 completion of the sale, the director directly owned 86,599 shares of the company's stock, valued at $7,263,058.13. The trade was a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders own 18.00% of the company's stock.
Hedge Funds Weigh In On Esquire Financial
A number of hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in Esquire Financial by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,453 shares of the company's stock valued at $1,626,000 after purchasing an additional 467 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Esquire Financial during the 4th quarter valued at about $545,000. American Century Companies Inc. raised its position in shares of Esquire Financial by 16.8% during the 4th quarter. American Century Companies Inc. now owns 166,915 shares of the company's stock valued at $13,270,000 after buying an additional 23,998 shares in the last quarter. Vanguard Group Inc. grew its position in Esquire Financial by 5.8% in the fourth quarter. Vanguard Group Inc. now owns 387,730 shares of the company's stock worth $30,825,000 after acquiring an additional 21,266 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Esquire Financial by 16.3% during the fourth quarter. JPMorgan Chase & Co. now owns 27,340 shares of the company's stock worth $2,174,000 after acquiring an additional 3,840 shares during the last quarter. 54.66% of the stock is currently owned by institutional investors.
Esquire Financial Company Profile
(
Get Free Report)
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.
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