Esquire Financial (NASDAQ:ESQ) Sets New 52-Week High at $62.80

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $62.80 and last traded at $62.35, with a volume of 3552 shares trading hands. The stock had previously closed at $62.08.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $68.00 price target (up from $62.00) on shares of Esquire Financial in a research note on Friday, July 26th.

Esquire Financial Price Performance

The company has a market capitalization of $523.62 million, a PE ratio of 13.35 and a beta of 0.70. The business has a 50-day moving average of $57.69 and a 200 day moving average of $50.92.

Esquire Financial (NASDAQ:ESQ) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.21 by $0.04. Esquire Financial had a net margin of 31.36% and a return on equity of 19.92%. The business had revenue of $33.66 million during the quarter, compared to analyst estimates of $29.99 million. As a group, research analysts anticipate that Esquire Financial Holdings, Inc. will post 5.13 EPS for the current year.

Esquire Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.95%. Esquire Financial’s dividend payout ratio is presently 12.90%.

Hedge Funds Weigh In On Esquire Financial

Large investors have recently made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in shares of Esquire Financial by 1.2% in the first quarter. Acadian Asset Management LLC now owns 31,015 shares of the company’s stock worth $1,471,000 after purchasing an additional 355 shares during the last quarter. Rhumbline Advisers increased its position in shares of Esquire Financial by 4.1% during the second quarter. Rhumbline Advisers now owns 11,236 shares of the company’s stock worth $535,000 after acquiring an additional 439 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Esquire Financial in the first quarter valued at approximately $42,000. Vanguard Group Inc. grew its stake in Esquire Financial by 0.3% in the first quarter. Vanguard Group Inc. now owns 368,375 shares of the company’s stock worth $17,487,000 after purchasing an additional 966 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in Esquire Financial by 10.6% during the 1st quarter. GSA Capital Partners LLP now owns 11,066 shares of the company’s stock worth $525,000 after purchasing an additional 1,065 shares during the period. 54.66% of the stock is owned by hedge funds and other institutional investors.

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.