Corient Private Wealth LP Purchases Shares of 15,838 Esquire Financial Holdings, Inc. $ESQ

Corient Private Wealth LP acquired a new position in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 15,838 shares of the company's stock, valued at approximately $1,886,000. Corient Private Wealth LP owned 0.13% of Esquire Financial as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Bank of America Corp DE purchased a new position in shares of Esquire Financial in the 2nd quarter valued at $2,458,000. Basswood Capital Management L.L.C. purchased a new stake in Esquire Financial during the 2nd quarter worth $44,001,000. Jupiter Topco LLC acquired a new stake in Esquire Financial in the 2nd quarter valued at $334,000. Hsbc Holdings PLC acquired a new stake in Esquire Financial in the 2nd quarter valued at $851,000. Finally, PDT Partners LLC purchased a new position in Esquire Financial in the second quarter valued at about $681,000. 54.66% of the stock is currently owned by hedge funds and other institutional investors.

Esquire Financial Price Performance

Shares of ESQ stock opened at $121.24 on Friday. The company's fifty day moving average price is $121.76 and its two-hundred day moving average price is $113.31. The firm has a market capitalization of $1.47 billion, a P/E ratio of 20.01 and a beta of 0.35. Esquire Financial Holdings, Inc. has a 12 month low of $92.10 and a 12 month high of $134.82.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.04. Esquire Financial had a return on equity of 18.22% and a net margin of 29.30%.The company had revenue of $42.13 million during the quarter, compared to the consensus estimate of $41.59 million. On average, sell-side analysts anticipate that Esquire Financial Holdings, Inc. will post 6.9 EPS for the current year.

Esquire Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, August 14th. Esquire Financial's dividend payout ratio (DPR) is 13.20%.

Analyst Upgrades and Downgrades

ESQ has been the topic of a number of recent research reports. Weiss Ratings cut Esquire Financial from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Thursday, August 27th. Wall Street Zen upgraded Esquire Financial from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Esquire Financial has a consensus rating of "Buy" and an average target price of $120.33.

Insiders Place Their Bets

In other Esquire Financial news, Director Robert Mitzman sold 3,000 shares of Esquire Financial stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $129.60, for a total transaction of $388,800.00. Following the sale, the director directly owned 139,679 shares in the company, valued at $18,102,398.40. The trade was a 2.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.90% of the stock is currently owned by company insiders.

About Esquire Financial

Esquire Financial Holdings, Inc is a bank holding company whose principal subsidiary, Esquire Bank, specializes in residential mortgage lending and community banking services. Headquartered in Kansas City, Missouri, the company operates through multiple distribution channels, including retail branches, wholesale and correspondent lending divisions. Esquire Financial focuses on tailored home financing solutions while maintaining a community-oriented approach to banking.

In its mortgage lending business, Esquire Bank originates and services a range of home loan products, including government-insured mortgages (FHA, VA and USDA) as well as conventional conforming and jumbo loans.

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