Esquire Financial (NASDAQ:ESQ) Rating Reiterated by Piper Sandler

Esquire Financial (NASDAQ:ESQ)‘s stock had its “overweight” rating reiterated by research analysts at Piper Sandler in a research report issued on Friday, Benzinga reports. They currently have a $75.00 price objective on the stock, up from their prior price objective of $72.00. Piper Sandler’s price objective suggests a potential upside of 13.45% from the company’s previous close.

Separately, Keefe, Bruyette & Woods lowered Esquire Financial from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $68.00 to $72.00 in a report on Wednesday, October 2nd.

Esquire Financial Stock Performance

Shares of Esquire Financial stock traded up $0.37 during trading on Friday, hitting $66.11. 2,471 shares of the stock were exchanged, compared to its average volume of 33,879. Esquire Financial has a 12 month low of $44.02 and a 12 month high of $67.78. The stock’s fifty day moving average is $61.97 and its 200 day moving average is $53.92. The stock has a market cap of $548.25 million, a PE ratio of 14.17 and a beta of 0.70.

Esquire Financial (NASDAQ:ESQ) last posted its earnings results on Thursday, July 25th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.21 by $0.04. The firm had revenue of $33.66 million during the quarter, compared to analysts’ expectations of $29.99 million. Esquire Financial had a net margin of 31.36% and a return on equity of 19.92%. Sell-side analysts anticipate that Esquire Financial will post 5.14 EPS for the current fiscal year.

Institutional Trading of Esquire Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in ESQ. GSA Capital Partners LLP increased its stake in shares of Esquire Financial by 10.6% during the first quarter. GSA Capital Partners LLP now owns 11,066 shares of the company’s stock valued at $525,000 after acquiring an additional 1,065 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Esquire Financial in the 2nd quarter worth $401,000. Assenagon Asset Management S.A. bought a new position in Esquire Financial during the second quarter valued at about $954,000. Allspring Global Investments Holdings LLC acquired a new position in Esquire Financial during the first quarter worth about $42,000. Finally, Cornercap Investment Counsel Inc. bought a new stake in Esquire Financial in the second quarter worth about $570,000. 54.66% of the stock is currently owned by institutional investors.

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.