Susquehanna Fundamental Investments LLC Makes New Investment in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Susquehanna Fundamental Investments LLC purchased a new stake in Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,775 shares of the company's stock, valued at approximately $300,000.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in Esquire Financial by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,453 shares of the company's stock worth $1,626,000 after buying an additional 467 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Esquire Financial by 151.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 788 shares of the company's stock valued at $63,000 after purchasing an additional 474 shares during the period. Delphi Management Inc. MA lifted its stake in shares of Esquire Financial by 33.8% during the 4th quarter. Delphi Management Inc. MA now owns 2,776 shares of the company's stock valued at $221,000 after buying an additional 701 shares in the last quarter. Barclays PLC boosted its position in shares of Esquire Financial by 8.4% during the fourth quarter. Barclays PLC now owns 11,173 shares of the company's stock worth $888,000 after acquiring an additional 865 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Esquire Financial by 38.3% in the 4th quarter. SG Americas Securities LLC now owns 3,203 shares of the company's stock worth $255,000 after buying an additional 887 shares in the last quarter. Institutional investors own 54.66% of the company's stock.

Esquire Financial Stock Performance

NASDAQ:ESQ remained flat at $87.33 during trading hours on Wednesday. The company's stock had a trading volume of 49,597 shares, compared to its average volume of 47,610. Esquire Financial Holdings, Inc. has a 52 week low of $44.55 and a 52 week high of $90.18. The business's 50-day simple moving average is $77.35 and its two-hundred day simple moving average is $77.97. The firm has a market cap of $736.37 million, a P/E ratio of 16.92 and a beta of 0.51.

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

Esquire Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.70 annualized dividend and a yield of 0.80%. Esquire Financial's dividend payout ratio (DPR) is 13.23%.

Insider Activity

In related news, EVP Ari P. Kornhaber sold 20,000 shares of Esquire Financial stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $83.51, for a total value of $1,670,200.00. Following the sale, the executive vice president now directly owns 104,644 shares in the company, valued at $8,738,820.44. The trade was a 16.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard T. Powers sold 1,427 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.99, for a total transaction of $124,134.73. Following the transaction, the director now directly owns 58,997 shares in the company, valued at approximately $5,132,149.03. This trade represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,427 shares of company stock worth $3,597,745. 18.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Raymond James lowered Esquire Financial from a "strong-buy" rating to a "market perform" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods upped their price target on 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, Piper Sandler lifted their target price on shares of Esquire Financial from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th.

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.