Mawer Investment Management Ltd. Has $58.79 Million Stock Position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Key Points

• Mawer Investment Management Ltd. significantly increased its holdings in Esquire Financial Holdings by 85.6%, owning approximately 9.25% of the company worth $58.79 million after acquiring an additional 359,677 shares.
• Esquire Financial announced a quarterly dividend of $0.175 per share, translating to a 0.72% yield, with the ex-dividend date set for August 15th.
• The company's latest earnings report revealed an EPS of $1.38, meeting analysts' expectations, despite revenues falling short of estimates at $24.94 million.

Mawer Investment Management Ltd. grew its position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) by 85.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 779,889 shares of the company's stock after buying an additional 359,677 shares during the quarter. Mawer Investment Management Ltd. owned 9.25% of Esquire Financial worth $58,788,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in Esquire Financial in the 1st quarter worth about $26,000. USA Financial Formulas acquired a new stake in Esquire Financial in the 1st quarter worth about $51,000. Tower Research Capital LLC TRC raised its holdings in shares of Esquire Financial by 151.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 788 shares of the company's stock worth $63,000 after purchasing an additional 474 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Esquire Financial in the 1st quarter worth about $106,000. Finally, Jump Financial LLC purchased a new stake in shares of Esquire Financial during the 4th quarter valued at about $207,000. Institutional investors and hedge funds own 54.66% of the company's stock.

Wall Street Analysts Forecast Growth

ESQ has been the topic of several analyst reports. Wall Street Zen upgraded Esquire Financial from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $110.00 price objective (up previously from $102.00) on shares of Esquire Financial in a research report on Friday, July 25th.

Esquire Financial Trading Down 2.1%

Shares of Esquire Financial stock traded down $2.06 on Friday, reaching $93.82. 60,866 shares of the company were exchanged, compared to its average volume of 93,581. The stock has a fifty day moving average price of $94.56 and a 200-day moving average price of $85.84. The firm has a market capitalization of $793.90 million, a price-to-earnings ratio of 17.30 and a beta of 0.52. Esquire Financial Holdings, Inc. has a fifty-two week low of $54.49 and a fifty-two week 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, meeting analysts' consensus estimates of $1.38. The firm had revenue of ($24.94) million for the quarter, compared to the consensus estimate of $28.26 million. Esquire Financial had a return on equity of 19.33% and a net margin of 30.96%. On average, equities analysts anticipate that Esquire Financial Holdings, Inc. will post 5.52 earnings per share for the current fiscal year.

Esquire Financial Dividend Announcement

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

Esquire Financial Profile

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.