Esquire Financial (NASDAQ:ESQ) Announces Quarterly Earnings Results

Esquire Financial (NASDAQ:ESQ) released its quarterly earnings data on Thursday. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.04, Zacks reports. Esquire Financial had a net margin of 31.36% and a return on equity of 20.43%. The company had revenue of $33.66 million during the quarter, compared to the consensus estimate of $29.99 million.

Esquire Financial Stock Up 0.4 %

NASDAQ ESQ traded up $0.23 during trading hours on Friday, hitting $59.30. 77,380 shares of the stock were exchanged, compared to its average volume of 34,598. The company has a market cap of $491.60 million, a price-to-earnings ratio of 12.75 and a beta of 0.72. Esquire Financial has a 12-month low of $43.24 and a 12-month high of $59.56. The stock has a 50-day moving average of $48.74 and a 200 day moving average of $48.51.

Esquire Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.60 annualized dividend and a yield of 1.01%. Esquire Financial’s dividend payout ratio is currently 12.90%.

Analyst Ratings Changes

Several research firms have issued reports on ESQ. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $68.00 price objective (up previously from $62.00) on shares of Esquire Financial in a research note on Friday. Piper Sandler increased their target price on shares of Esquire Financial from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th.

Insider Buying and Selling

In other Esquire Financial news, Director Selig Zises sold 2,500 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $45.89, for a total value of $114,725.00. Following the completion of the transaction, the director now directly owns 107,533 shares of the company’s stock, valued at $4,934,689.37. The sale was disclosed in a filing with the SEC, which is available at this link. 18.90% of the stock is currently owned by corporate insiders.

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.