Two Sigma Advisers LP Decreases Stock Holdings in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Two Sigma Advisers LP decreased its position in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,700 shares of the company's stock after selling 4,100 shares during the quarter. Two Sigma Advisers LP owned about 0.38% of Esquire Financial worth $2,520,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ESQ. Mawer Investment Management Ltd. bought a new stake in shares of Esquire Financial during the 4th quarter valued at about $33,407,000. Vanguard Group Inc. increased its holdings in Esquire Financial by 5.8% in the fourth quarter. Vanguard Group Inc. now owns 387,730 shares of the company's stock worth $30,825,000 after purchasing an additional 21,266 shares in the last quarter. Ampfield Management L.P. boosted its holdings in shares of Esquire Financial by 10.9% during the 4th quarter. Ampfield Management L.P. now owns 251,633 shares of the company's stock worth $20,005,000 after buying an additional 24,773 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Esquire Financial by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 185,901 shares of the company's stock worth $14,783,000 after buying an additional 3,642 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Esquire Financial by 16.8% during the 4th quarter. American Century Companies Inc. now owns 166,915 shares of the company's stock worth $13,270,000 after buying an additional 23,998 shares during the period. Institutional investors and hedge funds own 54.66% of the company's stock.

Esquire Financial Stock Down 0.0%

ESQ stock traded down $0.04 during midday trading on Friday, hitting $90.72. The company's stock had a trading volume of 303,589 shares, compared to its average volume of 51,344. The stock has a market cap of $767.67 million, a price-to-earnings ratio of 17.58 and a beta of 0.51. The stock's 50-day moving average price is $83.15 and its 200 day moving average price is $80.64. Esquire Financial Holdings, Inc. has a 1 year low of $44.55 and a 1 year high of $92.50.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last issued 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 net margin of 31.58% and a return on equity of 19.93%. The company had revenue of $33.76 million during the quarter, compared to analyst estimates of $30.71 million. As a group, equities analysts forecast that Esquire Financial Holdings, Inc. will post 5.52 earnings per share for the current fiscal year.

Esquire Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.70 annualized dividend and a dividend yield of 0.77%. Esquire Financial's dividend payout ratio is currently 13.23%.

Insider Transactions at Esquire Financial

In other news, EVP Ari P. Kornhaber sold 20,000 shares of the company'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 transaction, the executive vice president now owns 104,644 shares of the company's stock, valued at approximately $8,738,820.44. This represents a 16.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kevin C. Waterhouse sold 3,000 shares of Esquire Financial stock in a transaction 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 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.

Analyst Ratings Changes

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 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.