Arcus Capital Partners LLC Makes New Investment in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Arcus Capital Partners LLC bought a new stake in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,334 shares of the company’s stock, valued at approximately $217,000.

A number of other institutional investors have also made changes to their positions in the business. Farther Finance Advisors LLC grew its position in shares of Esquire Financial by 36.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 798 shares of the company’s stock worth $52,000 after buying an additional 214 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Esquire Financial in the 1st quarter worth $42,000. Copeland Capital Management LLC acquired a new stake in shares of Esquire Financial during the third quarter worth $64,000. Meeder Asset Management Inc. bought a new stake in Esquire Financial in the second quarter valued at about $59,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Esquire Financial during the 2nd quarter worth about $91,000. 54.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ESQ. Piper Sandler restated an “overweight” rating and set a $75.00 price objective (up previously from $72.00) on shares of Esquire Financial in a report on Friday, October 25th. Keefe, Bruyette & Woods cut shares of Esquire Financial from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $68.00 to $72.00 in a research report on Wednesday, October 2nd.

Esquire Financial Stock Up 4.0 %

Shares of NASDAQ:ESQ opened at $75.40 on Tuesday. The firm has a market cap of $626.57 million, a price-to-earnings ratio of 15.17 and a beta of 0.70. Esquire Financial Holdings, Inc. has a 12 month low of $44.45 and a 12 month high of $76.00. The company’s fifty day simple moving average is $64.16 and its 200 day simple moving average is $55.95.

Esquire Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, November 15th. Esquire Financial’s dividend payout ratio (DPR) is currently 12.07%.

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.