Two Sigma Investments LP Sells 7,346 Shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Two Sigma Investments LP lowered its stake in Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,849 shares of the company's stock after selling 7,346 shares during the quarter. Two Sigma Investments LP owned about 0.29% of Esquire Financial worth $1,896,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in Esquire Financial in the 4th quarter valued at approximately $534,000. Raymond James Financial Inc. acquired a new position in shares of Esquire Financial during the 4th quarter valued at $545,000. American Century Companies Inc. increased 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 valued at $13,270,000 after purchasing an additional 23,998 shares during the period. Horizon Investment Services LLC increased its position in shares of Esquire Financial by 24.5% during the 4th quarter. Horizon Investment Services LLC now owns 33,389 shares of the company's stock valued at $2,654,000 after purchasing an additional 6,572 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Esquire Financial by 5.8% during the 4th quarter. Vanguard Group Inc. now owns 387,730 shares of the company's stock valued at $30,825,000 after purchasing an additional 21,266 shares during the period. Institutional investors and hedge funds own 54.66% of the company's stock.

Insider Transactions at Esquire Financial

In related 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 completion of the sale, the executive vice president now owns 104,644 shares of the company's stock, valued at approximately $8,738,820.44. This trade represents a 16.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 owns 86,599 shares in the company, valued at approximately $7,263,058.13. This trade 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 currently owned by insiders.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price target on 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 Price Performance

Shares of ESQ traded down $1.33 during trading hours on Wednesday, hitting $89.00. 74,132 shares of the company were exchanged, compared to its average volume of 51,922. The company has a market capitalization of $753.12 million, a PE ratio of 17.25 and a beta of 0.51. The firm has a fifty day simple moving average of $83.69 and a 200-day simple moving average of $80.82. Esquire Financial Holdings, Inc. has a one year low of $44.55 and a one year high of $92.50.

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

Esquire Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were given a $0.175 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.70 annualized dividend and a dividend yield of 0.79%. Esquire Financial's dividend payout ratio (DPR) is presently 13.23%.

Esquire Financial 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.