Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Stock Position Raised by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) by 11,851.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,900 shares of the company's stock after buying an additional 4,859 shares during the period. GAMMA Investing LLC owned 0.06% of Esquire Financial worth $369,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new position in Esquire Financial in the first quarter valued at $26,000. Tower Research Capital LLC TRC increased 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 valued at $63,000 after acquiring an additional 474 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Esquire Financial during the 4th quarter valued at about $207,000. The Manufacturers Life Insurance Company purchased a new position in shares of Esquire Financial during the 4th quarter worth about $213,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in Esquire Financial in the fourth quarter valued at approximately $218,000. 54.66% of the stock is owned by institutional investors and hedge funds.

Esquire Financial Stock Down 0.9%

NASDAQ:ESQ traded down $0.84 during trading hours on Tuesday, reaching $92.89. 109,452 shares of the stock were exchanged, compared to its average volume of 55,917. The firm has a 50 day simple moving average of $87.89 and a 200-day simple moving average of $82.22. Esquire Financial Holdings, Inc. has a 52 week low of $45.07 and a 52 week high of $95.26. The stock has a market capitalization of $785.85 million, a P/E ratio of 17.56 and a beta of 0.52.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.03. Esquire Financial had a return on equity of 19.20% and a net margin of 31.37%. The business had revenue of $33.76 million for the quarter, compared to the consensus estimate of $30.71 million. As a group, analysts expect that Esquire Financial Holdings, Inc. will post 5.52 earnings per share for the current year.

Esquire Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, May 15th. Esquire Financial's dividend payout ratio is currently 13.23%.

Insider Buying and Selling

In other news, EVP Ari P. Kornhaber sold 20,000 shares of Esquire Financial stock in a transaction 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 transaction, the executive vice president now directly owns 104,644 shares in the company, valued at approximately $8,738,820.44. This trade represents a 16.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin C. Waterhouse sold 3,000 shares of the firm'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 transaction, the director now directly owns 86,599 shares of the company's stock, valued at $7,263,058.13. This represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.00% of the company's stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised their price objective 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 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.