Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company 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.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods increased their target price on shares of Esquire Financial from $85.00 to $94.00 and gave the stock a "market perform" rating in a report on Tuesday, April 29th.
Read Our Latest Report on ESQ
Esquire Financial Price Performance
The company has a market capitalization of $845.75 million, a price-to-earnings ratio of 18.90 and a beta of 0.52. The stock's fifty day simple moving average is $90.69 and its two-hundred day simple moving average is $83.45.
Esquire Financial (NASDAQ:ESQ - Get Free Report) last issued 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 company had revenue of $33.76 million for the quarter, compared to analysts' expectations of $30.71 million. Esquire Financial had a net margin of 31.37% and a return on equity of 19.20%. On average, sell-side analysts predict that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current year.
Esquire Financial Dividend Announcement
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 annualized dividend and a dividend yield of 0.70%. Esquire Financial's dividend payout ratio is currently 13.23%.
Insider Activity
In other news, Director Kevin C. Waterhouse sold 3,000 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $83.87, for a total transaction of $251,610.00. Following the completion of the transaction, the director owned 86,599 shares in the company, valued at approximately $7,263,058.13. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ari P. Kornhaber sold 20,000 shares of the company's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $83.51, for a total transaction of $1,670,200.00. Following the transaction, the executive vice president owned 104,644 shares of the company's stock, valued at $8,738,820.44. This represents a 16.05% decrease in their position. The disclosure for this sale can be found here. 18.00% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Esquire Financial
Institutional investors have recently modified their holdings of the company. Next Level Private LLC bought a new position in Esquire Financial in the 2nd quarter valued at about $237,000. Rhumbline Advisers lifted 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 acquiring an additional 409 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Esquire Financial by 3.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,178 shares of the company's stock valued at $315,000 after acquiring an additional 156 shares during the last quarter. Bosun Asset Management LLC lifted its holdings in Esquire Financial by 52.7% in the 1st quarter. Bosun Asset Management LLC now owns 9,364 shares of the company's stock valued at $706,000 after acquiring an additional 3,232 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Esquire Financial by 69.5% in the 1st quarter. AQR Capital Management LLC now owns 12,367 shares of the company's stock valued at $932,000 after acquiring an additional 5,071 shares during 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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