Millennium Management LLC Sells 32,822 Shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Millennium Management LLC lessened its holdings in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) by 91.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,927 shares of the company's stock after selling 32,822 shares during the quarter. Millennium Management LLC's holdings in Esquire Financial were worth $233,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ESQ. Tower Research Capital LLC TRC boosted its stake in shares of Esquire Financial by 151.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 788 shares of the company's stock worth $63,000 after acquiring an additional 474 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Esquire Financial in the 4th quarter valued at $207,000. The Manufacturers Life Insurance Company bought a new position in Esquire Financial during the fourth quarter worth about $213,000. Cornerstone Investment Partners LLC bought a new position in shares of Esquire Financial during the 4th quarter worth approximately $218,000. Finally, Delphi Management Inc. MA lifted its holdings in shares of Esquire Financial by 33.8% during the fourth quarter. Delphi Management Inc. MA now owns 2,776 shares of the company's stock valued at $221,000 after acquiring an additional 701 shares during the period. Institutional investors and hedge funds own 54.66% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their target price on Esquire Financial from $85.00 to $94.00 and gave the stock a "market perform" rating in a report on Tuesday, April 29th.

Esquire Financial Stock Performance

ESQ traded down $0.85 during mid-day trading on Thursday, reaching $91.90. The stock had a trading volume of 50,928 shares, compared to its average volume of 53,191. The stock has a market capitalization of $777.66 million, a P/E ratio of 17.81 and a beta of 0.53. Esquire Financial Holdings, Inc. has a 52 week low of $44.55 and a 52 week high of $93.24. The firm's fifty day simple moving average is $85.67 and its two-hundred day simple moving average is $81.47.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.03. Esquire Financial had a net margin of 31.58% and a return on equity of 19.93%. The firm had revenue of $33.76 million for the quarter, compared to analysts' expectations of $30.71 million. As a group, analysts expect that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current fiscal 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 issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, May 15th. Esquire Financial's dividend payout ratio (DPR) is 13.23%.

Insiders Place Their Bets

In related news, EVP Ari P. Kornhaber sold 20,000 shares of the business's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $83.51, for a total value of $1,670,200.00. Following the sale, the executive vice president now directly owns 104,644 shares of the company's stock, valued at approximately $8,738,820.44. The trade was a 16.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kevin C. Waterhouse sold 3,000 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $83.87, for a total value of $251,610.00. Following the completion of the sale, the director now owns 86,599 shares in the company, valued at approximately $7,263,058.13. This trade represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.00% of the company's stock.

Esquire Financial Company 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.