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Horizon Investment Services LLC Buys 5,522 Shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Esquire Financial logo with Finance background

Horizon Investment Services LLC lifted its holdings in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) by 16.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 38,911 shares of the company's stock after purchasing an additional 5,522 shares during the period. Esquire Financial accounts for about 1.4% of Horizon Investment Services LLC's portfolio, making the stock its 26th largest position. Horizon Investment Services LLC owned 0.46% of Esquire Financial worth $2,933,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in Esquire Financial during the 1st quarter worth approximately $26,000. Rhumbline Advisers raised its holdings in shares of Esquire Financial by 3.7% during the 1st quarter. Rhumbline Advisers now owns 11,608 shares of the company's stock worth $875,000 after buying an additional 409 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Esquire Financial by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,453 shares of the company's stock worth $1,626,000 after acquiring an additional 467 shares during the last quarter. Tower Research Capital LLC TRC grew its position 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 valued at $63,000 after buying an additional 474 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Esquire Financial by 16.3% during the 4th quarter. Deutsche Bank AG now owns 4,055 shares of the company's stock valued at $322,000 after purchasing an additional 568 shares in the last quarter. Institutional investors own 54.66% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ESQ shares. Wall Street Zen downgraded Esquire Financial from a "hold" rating to a "sell" rating in a research report on Friday. Keefe, Bruyette & Woods upped their target price on shares of Esquire Financial from $94.00 to $102.00 and gave the stock a "market perform" rating in a report on Friday, July 11th.

Get Our Latest Research Report on Esquire Financial

Insider Activity

In other Esquire Financial news, Director Kevin C. Waterhouse sold 3,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $83.87, for a total transaction of $251,610.00. Following the completion of the transaction, the director owned 86,599 shares of the company's stock, valued at $7,263,058.13. This represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ari P. Kornhaber sold 20,000 shares of the firm'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 completion of the sale, the executive vice president owned 104,644 shares in the company, valued at approximately $8,738,820.44. This represents a 16.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 18.00% of the company's stock.

Esquire Financial Stock Up 0.8%

Esquire Financial stock traded up $0.77 during midday trading on Monday, hitting $100.84. 121,185 shares of the stock were exchanged, compared to its average volume of 66,574. The company has a fifty day simple moving average of $92.87 and a two-hundred day simple moving average of $84.67. Esquire Financial Holdings, Inc. has a 52 week low of $54.49 and a 52 week high of $102.45. The stock has a market capitalization of $853.11 million, a PE ratio of 19.06 and a beta of 0.52.

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

Esquire Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Thursday, May 15th. Esquire Financial's payout ratio is 13.23%.

Esquire Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Esquire Financial (NASDAQ:ESQ)

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