Susquehanna Fundamental Investments LLC Takes $300,000 Position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Susquehanna Fundamental Investments LLC bought a new position in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,775 shares of the company's stock, valued at approximately $300,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD acquired a new position in shares of Esquire Financial during the fourth quarter worth approximately $224,000. Tower Research Capital LLC TRC boosted its position in Esquire Financial by 151.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 788 shares of the company's stock worth $63,000 after acquiring an additional 474 shares during the period. GeoWealth Management LLC increased its holdings in shares of Esquire Financial by 9,150.0% during the fourth quarter. GeoWealth Management LLC now owns 2,775 shares of the company's stock valued at $221,000 after purchasing an additional 2,745 shares during the period. Jump Financial LLC acquired a new position in shares of Esquire Financial during the fourth quarter valued at $207,000. Finally, XTX Topco Ltd bought a new stake in shares of Esquire Financial during the fourth quarter valued at about $228,000. 54.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Selig Zises sold 20,000 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $77.59, for a total value of $1,551,800.00. Following the transaction, the director now directly owns 35,501 shares in the company, valued at approximately $2,754,522.59. This trade represents a 36.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $251,610.00. Following the completion of the transaction, the director now owns 86,599 shares in the company, valued at $7,263,058.13. This trade represents a 3.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,000 shares of company stock valued at $3,473,610 over the last three months. 18.90% of the stock is currently owned by insiders.

Esquire Financial Price Performance

Esquire Financial stock traded up $0.42 during trading hours on Friday, hitting $89.68. The company had a trading volume of 51,017 shares, compared to its average volume of 48,005. Esquire Financial Holdings, Inc. has a fifty-two week low of $44.55 and a fifty-two week high of $90.91. The firm has a market capitalization of $756.18 million, a P/E ratio of 17.38 and a beta of 0.51. The firm's fifty day moving average is $77.93 and its 200-day moving average is $78.43.

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 during the quarter, compared to analysts' expectations of $30.71 million. Esquire Financial had a return on equity of 19.93% and a net margin of 31.58%. Analysts anticipate that Esquire Financial Holdings, Inc. will post 5.52 earnings per share for the current year.

Esquire Financial Announces Dividend

The firm 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. This represents a $0.70 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, May 15th. Esquire Financial's payout ratio is 13.23%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ESQ. Piper Sandler lifted their price target on Esquire Financial from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods boosted their price target on shares of Esquire Financial from $85.00 to $94.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 29th. Finally, Raymond James downgraded shares of Esquire Financial from a "strong-buy" rating to a "market perform" rating in a report on Friday, January 24th.

About Esquire Financial

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.