Esquire Financial (NASDAQ:ESQ) PT Raised to $61.00 at Piper Sandler

Esquire Financial (NASDAQ:ESQ - Get Free Report) had its price objective raised by equities research analysts at Piper Sandler from $60.00 to $61.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Piper Sandler's price target indicates a potential upside of 29.68% from the stock's previous close.

Several other equities analysts have also weighed in on ESQ. Keefe, Bruyette & Woods increased their price target on shares of Esquire Financial from $58.00 to $65.00 and gave the company an "outperform" rating in a research report on Friday, January 26th. Raymond James started coverage on shares of Esquire Financial in a research note on Tuesday, January 16th. They set a "strong-buy" rating and a $60.00 price target for the company.

Esquire Financial Stock Performance

Shares of Esquire Financial stock traded down $2.08 during mid-day trading on Monday, hitting $47.04. 55,341 shares of the stock were exchanged, compared to its average volume of 42,182. Esquire Financial has a 12 month low of $35.00 and a 12 month high of $54.80. The company has a 50-day simple moving average of $47.74 and a 200 day simple moving average of $47.83. The company has a market capitalization of $390.10 million, a P/E ratio of 10.12 and a beta of 0.79.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The company reported $1.18 EPS for the quarter, missing analysts' consensus estimates of $1.20 by ($0.02). Esquire Financial had a return on equity of 20.73% and a net margin of 31.50%. The business had revenue of $28.94 million for the quarter, compared to the consensus estimate of $29.01 million. Analysts predict that Esquire Financial will post 4.93 EPS for the current year.

Insider Activity

In other Esquire Financial news, Director Selig Zises sold 12,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $49.84, for a total transaction of $598,080.00. Following the sale, the director now owns 135,033 shares in the company, valued at $6,730,044.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 20.40% of the company's stock.

Institutional Investors Weigh In On Esquire Financial

A number of large investors have recently added to or reduced their stakes in ESQ. EAM Investors LLC bought a new position in shares of Esquire Financial during the 3rd quarter valued at $1,328,000. Los Angeles Capital Management LLC boosted its position in Esquire Financial by 26.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 54,804 shares of the company's stock valued at $2,738,000 after buying an additional 11,370 shares during the period. Corient Private Wealth LLC grew its stake in shares of Esquire Financial by 156.2% during the fourth quarter. Corient Private Wealth LLC now owns 17,052 shares of the company's stock valued at $852,000 after buying an additional 10,397 shares during the last quarter. Quadrature Capital Ltd increased its holdings in shares of Esquire Financial by 45.7% in the fourth quarter. Quadrature Capital Ltd now owns 30,136 shares of the company's stock worth $1,505,000 after buying an additional 9,459 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Esquire Financial by 96.7% in the 4th quarter. BNP Paribas Financial Markets now owns 11,609 shares of the company's stock valued at $580,000 after acquiring an additional 5,706 shares during the last quarter. Hedge funds and other 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.