Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $101.35 and last traded at $99.52, with a volume of 170319 shares. The stock had previously closed at $99.25.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods boosted their price target on Esquire Financial from $94.00 to $102.00 and gave the stock a "market perform" rating in a report on Friday.
Read Our Latest Stock Report on ESQ
Esquire Financial Stock Down 1.2%
The company has a market cap of $816.56 million, a P/E ratio of 18.25 and a beta of 0.52. The firm's 50 day moving average is $91.86 and its two-hundred day moving average is $83.94.
Esquire Financial (NASDAQ:ESQ - Get Free Report) last issued its quarterly earnings data 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. Esquire Financial had a net margin of 31.37% and a return on equity of 19.20%. The company had revenue of $33.76 million for the quarter, compared to analysts' expectations of $30.71 million. As a group, research analysts forecast that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current fiscal year.
Esquire Financial Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, May 15th. Esquire Financial's payout ratio is presently 13.23%.
Insider Activity at Esquire Financial
In other news, Director Kevin C. Waterhouse sold 3,000 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $83.87, for a total value of $251,610.00. Following the sale, the director directly owned 86,599 shares of the company's stock, valued at approximately $7,263,058.13. This represents a 3.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ari P. Kornhaber sold 20,000 shares of the company's stock in a transaction 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 sale, the executive vice president directly owned 104,644 shares in the company, valued at $8,738,820.44. This trade represents a 16.05% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.00% of the company's stock.
Hedge Funds Weigh In On Esquire Financial
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Longboard Asset Management LP bought a new position in shares of Esquire Financial in the 2nd quarter worth $233,000. Next Level Private LLC bought a new position in shares of Esquire Financial in the second quarter valued at $237,000. Rhumbline Advisers lifted its stake in shares of Esquire Financial by 3.7% in the first quarter. Rhumbline Advisers now owns 11,608 shares of the company's stock valued at $875,000 after buying an additional 409 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Esquire Financial by 3.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,178 shares of the company's stock valued at $315,000 after buying an additional 156 shares in the last quarter. Finally, Bosun Asset Management LLC lifted its stake in shares of Esquire Financial by 52.7% in the first quarter. Bosun Asset Management LLC now owns 9,364 shares of the company's stock valued at $706,000 after buying an additional 3,232 shares in the last quarter. Institutional investors own 54.66% of the company's stock.
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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