Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Sells $476,900.00 in Stock

Key Points

• Director Selig Zises of Esquire Financial Holdings sold 5,000 shares at an average price of $95.38, resulting in a total value of approximately $476,900.
• Esquire Financial recently announced a $0.175 quarterly dividend, which is set to be paid on September 2nd, representing a dividend yield of 0.7%.
• The stock is currently trading at around $93.44, down 2.5%, having a 1-year high of $106.11 and a low of $54.49.

Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Get Free Report) Director Selig Zises sold 5,000 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $95.38, for a total value of $476,900.00. Following the completion of the transaction, the director owned 29,501 shares of the company's stock, valued at approximately $2,813,805.38. The trade was a 14.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Esquire Financial Stock Performance

Esquire Financial stock traded down $0.73 during trading on Tuesday, hitting $93.92. The company's stock had a trading volume of 11,901 shares, compared to its average volume of 92,968. The stock's fifty day moving average is $94.77 and its 200 day moving average is $86.01. Esquire Financial Holdings, Inc. has a 1-year low of $54.86 and a 1-year high of $106.11. The stock has a market capitalization of $794.60 million, a price-to-earnings ratio of 17.32 and a beta of 0.57.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $1.38 earnings per share for the quarter, hitting the consensus estimate of $1.38. Esquire Financial had a return on equity of 19.33% and a net margin of 30.96%. The company had revenue of ($24.94) million during the quarter, compared to the consensus estimate of $28.26 million. On average, 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 will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, August 15th. Esquire Financial's dividend payout ratio is presently 12.92%.

Institutional Trading of Esquire Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. bought a new stake in shares of Esquire Financial during the 2nd quarter worth $221,000. Envestnet Asset Management Inc. purchased a new stake in shares of Esquire Financial during the second quarter worth $2,438,000. Copeland Capital Management LLC raised its holdings in shares of Esquire Financial by 40,107.1% during the second quarter. Copeland Capital Management LLC now owns 244,861 shares of the company's stock worth $23,179,000 after acquiring an additional 244,252 shares in the last quarter. USA Financial Formulas raised its holdings in shares of Esquire Financial by 99.7% during the second quarter. USA Financial Formulas now owns 1,338 shares of the company's stock worth $127,000 after acquiring an additional 668 shares in the last quarter. Finally, Longboard Asset Management LP purchased a new stake in shares of Esquire Financial during the second quarter worth $233,000. 54.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on ESQ. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $110.00 target price (up from $102.00) on shares of Esquire Financial in a report on Friday, July 25th. Wall Street Zen upgraded Esquire Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th.

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.