Grandeur Peak Global Advisors LLC Invests $1.22 Million in Esquire Financial Holdings, Inc. $ESQ

Grandeur Peak Global Advisors LLC acquired a new stake in Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,253 shares of the company's stock, valued at approximately $1,221,000. Grandeur Peak Global Advisors LLC owned 0.08% of Esquire Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in Esquire Financial in the 4th quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd grew its position in shares of Esquire Financial by 247.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 553 shares of the company's stock worth $56,000 after buying an additional 394 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Esquire Financial by 64.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 690 shares of the company's stock valued at $70,000 after acquiring an additional 270 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Esquire Financial by 352.5% in the second quarter. Tower Research Capital LLC TRC now owns 810 shares of the company's stock valued at $77,000 after acquiring an additional 631 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in Esquire Financial in the third quarter worth approximately $93,000. 54.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ESQ. Weiss Ratings upgraded shares of Esquire Financial from a "buy (b)" rating to a "buy (a-)" rating in a report on Thursday, August 13th. Wall Street Zen raised Esquire Financial from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $120.33.

Insider Activity at Esquire Financial

In other news, Director Robert Mitzman sold 3,000 shares of the business's stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $129.60, for a total value of $388,800.00. Following the completion of the sale, the director directly owned 139,679 shares of the company's stock, valued at approximately $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 accessible through this link. Company insiders own 13.90% of the company's stock.

Esquire Financial Trading Up 1.3%

Shares of NASDAQ:ESQ opened at $114.12 on Friday. The firm has a 50 day simple moving average of $121.81 and a 200-day simple moving average of $113.19. Esquire Financial Holdings, Inc. has a twelve month low of $92.10 and a twelve month high of $134.82. The company has a market capitalization of $1.38 billion, a PE ratio of 18.83 and a beta of 0.38.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.56 by $0.04. Esquire Financial had a net margin of 29.30% and a return on equity of 18.22%. The firm had revenue of $42.13 million for the quarter, compared to analyst estimates of $41.59 million. As a group, equities research analysts predict that Esquire Financial Holdings, Inc. will post 6.9 EPS for the current fiscal year.

Esquire Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, August 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.7%. Esquire Financial's payout ratio is 13.20%.

Esquire Financial Company Profile

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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