Esquire Financial (NASDAQ:ESQ) Earns “Outperform” Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their outperform rating on shares of Esquire Financial (NASDAQ:ESQ) in a report released on Friday, Marketbeat reports. Keefe, Bruyette & Woods currently has a $68.00 price target on the stock, up from their previous price target of $62.00.

Separately, Piper Sandler boosted their price target on Esquire Financial from $60.00 to $61.00 and gave the company an overweight rating in a research note on Monday, April 29th.

Esquire Financial Trading Down 3.3 %

Shares of NASDAQ:ESQ opened at $57.37 on Friday. Esquire Financial has a 1-year low of $43.24 and a 1-year high of $59.56. The firm has a market capitalization of $475.77 million, a PE ratio of 12.34 and a beta of 0.72. The business’s 50 day moving average is $48.94 and its 200-day moving average is $48.59.

Esquire Financial (NASDAQ:ESQ) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.04. The company had revenue of $33.66 million for the quarter, compared to analyst estimates of $29.99 million. Esquire Financial had a return on equity of 20.43% and a net margin of 31.36%. On average, sell-side analysts predict that Esquire Financial will post 4.95 EPS for the current year.

Esquire Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.60 annualized dividend and a yield of 1.05%. Esquire Financial’s payout ratio is 12.90%.

Insider Buying and Selling at Esquire Financial

In other news, Director Selig Zises sold 2,500 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $45.89, for a total transaction of $114,725.00. Following the completion of the sale, the director now owns 107,533 shares in the company, valued at $4,934,689.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 18.90% of the company’s stock.

Institutional Investors Weigh In On Esquire Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Esquire Financial during the fourth quarter worth $127,000. Vanguard Group Inc. raised its position in shares of Esquire Financial by 0.4% during the third quarter. Vanguard Group Inc. now owns 362,390 shares of the company’s stock worth $16,558,000 after acquiring an additional 1,349 shares during the last quarter. GSA Capital Partners LLP raised its position 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 worth $525,000 after acquiring an additional 1,065 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Esquire Financial during the first quarter worth $42,000. Finally, Corient Private Wealth LLC raised its position in shares of Esquire Financial by 156.2% during the fourth quarter. Corient Private Wealth LLC now owns 17,052 shares of the company’s stock worth $852,000 after acquiring an additional 10,397 shares during the last quarter. Institutional investors own 54.66% 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.