Esquire Financial Holdings, Inc. Announces Quarterly Dividend of $0.15 (NASDAQ:ESQ)

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.15 per share on Monday, June 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, May 14th.

Esquire Financial has a dividend payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Esquire Financial to earn $5.52 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 10.9%.

Esquire Financial Price Performance

Shares of ESQ traded up $1.72 during midday trading on Friday, reaching $49.12. 63,068 shares of the stock were exchanged, compared to its average volume of 53,569. The business’s 50-day moving average price is $47.81 and its 200 day moving average price is $47.81. Esquire Financial has a twelve month low of $35.00 and a twelve month high of $54.80. The company has a market capitalization of $407.20 million, a price-to-earnings ratio of 10.56 and a beta of 0.79.

Esquire Financial (NASDAQ:ESQ) last posted its 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 firm had revenue of $28.94 million for the quarter, compared to analyst estimates of $29.01 million. As a group, equities research analysts expect that Esquire Financial will post 4.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ESQ. Keefe, Bruyette & Woods lifted their target price on Esquire Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Raymond James assumed coverage on Esquire Financial in a report on Tuesday, January 16th. They set a “strong-buy” rating and a $60.00 price target on the stock.

Insider Buying and Selling

In other Esquire Financial news, Director Selig Zises sold 12,000 shares of Esquire Financial stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $49.84, for a total value of $598,080.00. Following the sale, the director now owns 135,033 shares of the company’s stock, valued at approximately $6,730,044.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 20.40% 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.