Esquire Financial (NASDAQ:ESQ) Price Target Raised to $102.00

Esquire Financial (NASDAQ:ESQ - Free Report) had its price objective increased by Keefe, Bruyette & Woods from $94.00 to $102.00 in a report published on Friday,Benzinga reports. They currently have a market perform rating on the stock.

Esquire Financial Trading Down 1.2%

ESQ stock traded down $1.13 during trading on Friday, hitting $96.52. The company had a trading volume of 305,424 shares, compared to its average volume of 64,484. The company has a fifty day moving average price of $91.86 and a two-hundred day moving average price of $83.94. The company has a market cap of $816.56 million, a P/E ratio of 18.25 and a beta of 0.52. Esquire Financial has a fifty-two week low of $50.05 and a fifty-two week high of $101.35.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last announced 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 analyst estimates of $30.71 million. Esquire Financial had a return on equity of 19.20% and a net margin of 31.37%. On average, analysts expect that Esquire Financial will post 5.52 earnings per share for the current year.

Esquire Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, May 15th. Esquire Financial's dividend payout ratio is 13.23%.

Insider Buying and Selling at Esquire Financial

In other Esquire Financial news, Director Kevin C. Waterhouse sold 3,000 shares of Esquire Financial stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $83.87, for a total value of $251,610.00. Following the completion of the transaction, the director owned 86,599 shares in the company, valued at approximately $7,263,058.13. The trade was a 3.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ari P. Kornhaber sold 20,000 shares of Esquire Financial 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 transaction, the executive vice president owned 104,644 shares of the company's stock, valued at approximately $8,738,820.44. The trade was a 16.05% decrease in their position. The disclosure for this sale can be found here. 18.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Esquire Financial

Several institutional investors have recently bought and sold shares of the business. Mawer Investment Management Ltd. raised its position in Esquire Financial by 85.6% in the 1st quarter. Mawer Investment Management Ltd. now owns 779,889 shares of the company's stock valued at $58,788,000 after purchasing an additional 359,677 shares during the last quarter. Vanguard Group Inc. raised its position in Esquire Financial by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 402,688 shares of the company's stock valued at $30,355,000 after purchasing an additional 14,958 shares during the last quarter. Ampfield Management L.P. raised its position in Esquire Financial by 11.9% in the 1st quarter. Ampfield Management L.P. now owns 281,502 shares of the company's stock valued at $21,220,000 after purchasing an additional 29,869 shares during the last quarter. GW&K Investment Management LLC raised its position in Esquire Financial by 2.1% in the 1st quarter. GW&K Investment Management LLC now owns 224,941 shares of the company's stock valued at $16,956,000 after purchasing an additional 4,545 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Esquire Financial by 25.8% in the 1st quarter. American Century Companies Inc. now owns 209,991 shares of the company's stock valued at $15,829,000 after purchasing an additional 43,076 shares during the last quarter. Institutional investors own 54.66% of the company's stock.

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.