Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as $96.40 and last traded at $96.34, with a volume of 6749 shares changing hands. The stock had previously closed at $95.00.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods raised their target price on Esquire Financial from $85.00 to $94.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 29th.
Read Our Latest Stock Report on ESQ
Esquire Financial Stock Performance
The stock's 50 day moving average is $88.92 and its 200 day moving average is $82.62. The company has a market capitalization of $811.61 million, a PE ratio of 18.13 and a beta of 0.52.
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 for the quarter, beating the consensus estimate of $1.30 by $0.03. Esquire Financial had a return on equity of 19.20% and a net margin of 31.37%. The company had revenue of $33.76 million during the quarter, compared to analysts' expectations of $30.71 million. On average, equities research analysts forecast that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current fiscal year.
Esquire Financial Announces Dividend
The firm 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 of this dividend was Thursday, May 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.73%. Esquire Financial's dividend payout ratio (DPR) is presently 13.23%.
Insider Buying and Selling
In related news, Director Kevin C. Waterhouse sold 3,000 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $83.87, for a total transaction of $251,610.00. Following the completion of the sale, the director now directly owns 86,599 shares in the company, valued at $7,263,058.13. This represents a 3.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ari P. Kornhaber sold 20,000 shares of the business'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 transaction, the executive vice president now owns 104,644 shares in the company, valued at $8,738,820.44. The trade was a 16.05% decrease in their position. The disclosure for this sale can be found here. 18.00% of the stock is owned by company insiders.
Institutional Investors Weigh In On Esquire Financial
A number of large investors have recently modified their holdings of ESQ. Versant Capital Management Inc purchased a new position in shares of Esquire Financial in the 1st quarter valued at approximately $26,000. USA Financial Formulas bought a new position in shares of Esquire Financial in the 1st quarter worth about $51,000. Tower Research Capital LLC TRC lifted its position in Esquire Financial by 151.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 788 shares of the company's stock valued at $63,000 after acquiring an additional 474 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Esquire Financial during the first quarter valued at approximately $106,000. Finally, Jump Financial LLC bought a new stake in shares of Esquire Financial in the 4th quarter worth approximately $207,000. Institutional investors own 54.66% of the company's stock.
About Esquire Financial
(
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.
Further Reading
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