Millennium Management LLC Has $233,000 Stock Holdings in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Millennium Management LLC lessened its stake in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) by 91.8% during the fourth quarter, according to its most recent 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 reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Esquire Financial by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,453 shares of the company's stock valued at $1,626,000 after buying an additional 467 shares during the period. Tower Research Capital LLC TRC grew its stake in Esquire Financial by 151.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 788 shares of the company's stock valued at $63,000 after acquiring an additional 474 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Esquire Financial by 16.3% in the 4th quarter. Deutsche Bank AG now owns 4,055 shares of the company's stock worth $322,000 after buying an additional 568 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Esquire Financial by 3.1% in the 4th quarter. Ameriprise Financial Inc. now owns 22,838 shares of the company's stock worth $1,816,000 after acquiring an additional 696 shares during the last quarter. Finally, Delphi Management Inc. MA lifted its holdings in Esquire Financial by 33.8% during the 4th quarter. Delphi Management Inc. MA now owns 2,776 shares of the company's stock valued at $221,000 after buying an additional 701 shares in the last quarter. Institutional investors and hedge funds own 54.66% of the company's stock.

Esquire Financial Price Performance

Shares of ESQ traded down $0.67 during mid-day trading on Friday, reaching $91.23. 115,263 shares of the company's stock were exchanged, compared to its average volume of 53,736. The stock has a market capitalization of $771.99 million, a PE ratio of 17.68 and a beta of 0.53. The business's fifty day simple moving average is $86.35 and its 200-day simple moving average is $81.69. Esquire Financial Holdings, Inc. has a 52-week low of $44.55 and a 52-week high of $93.24.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.03. The firm had revenue of $33.76 million during the quarter, compared to the consensus estimate of $30.71 million. Esquire Financial had a net margin of 31.58% and a return on equity of 19.93%. Equities research analysts predict that Esquire Financial Holdings, Inc. will post 5.52 earnings per share for the current year.

Esquire Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, May 15th. Esquire Financial's dividend payout ratio (DPR) is 13.23%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, EVP Ari P. Kornhaber sold 20,000 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 104,644 shares in the company, valued at approximately $8,738,820.44. The trade was a 16.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kevin C. Waterhouse sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $83.87, for a total value of $251,610.00. Following the sale, the director now owns 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 disclosure for this sale can be found here. 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.