Boston Partners Sells 2,858 Shares of Esquire Financial Holdings, Inc. $ESQ

Key Points

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Boston Partners cut its holdings in Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) by 30.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,489 shares of the company's stock after selling 2,858 shares during the period. Boston Partners owned about 0.08% of Esquire Financial worth $489,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Persistent Asset Partners Ltd increased its holdings in shares of Esquire Financial by 7.5% in the 1st quarter. Persistent Asset Partners Ltd now owns 3,008 shares of the company's stock worth $227,000 after buying an additional 211 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Esquire Financial in the 1st quarter worth about $26,000. Rhumbline Advisers increased its holdings in shares of Esquire Financial by 3.7% in the 1st quarter. Rhumbline Advisers now owns 11,608 shares of the company's stock worth $875,000 after buying an additional 409 shares during the last quarter. XTX Topco Ltd increased its holdings in shares of Esquire Financial by 15.1% in the 1st quarter. XTX Topco Ltd now owns 3,295 shares of the company's stock worth $248,000 after buying an additional 433 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings 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 purchasing an additional 474 shares during the last quarter. 54.66% of the stock is currently owned by institutional investors.

Esquire Financial Price Performance

ESQ stock traded up $2.03 during mid-day trading on Friday, reaching $99.44. The company had a trading volume of 116,461 shares, compared to its average volume of 76,833. The company has a market capitalization of $849.22 million, a PE ratio of 18.35 and a beta of 0.57. The firm has a 50 day moving average of $96.35 and a 200 day moving average of $86.94. Esquire Financial Holdings, Inc. has a 12 month low of $57.00 and a 12 month high of $106.11.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $1.38 EPS for the quarter, hitting analysts' consensus estimates of $1.38. The business had revenue of ($24.94) million for the quarter, compared to the consensus estimate of $28.26 million. Esquire Financial had a net margin of 30.96% and a return on equity of 18.87%. Analysts anticipate that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current year.

Esquire Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, August 15th. Esquire Financial's dividend payout ratio is currently 12.92%.

Analyst Upgrades and Downgrades

ESQ has been the topic of several analyst reports. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $110.00 price target (up from $102.00) on shares of Esquire Financial in a report on Friday, July 25th. Wall Street Zen downgraded shares of Esquire Financial from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $100.50.

Insider Buying and Selling

In other Esquire Financial news, Director Selig Zises sold 5,000 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $95.38, for a total value of $476,900.00. Following the transaction, the director directly owned 29,501 shares in the company, valued at $2,813,805.38. This represents a 14.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 18.00% of the stock is owned by corporate insiders.

About Esquire Financial

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.