Esquire Financial (NASDAQ:ESQ) Price Target Raised to $80.00

Esquire Financial (NASDAQ:ESQ) had its target price hoisted by stock analysts at Keefe, Bruyette & Woods from $72.00 to $80.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 1.82% from the stock’s current price.

Separately, Piper Sandler reissued an “overweight” rating and set a $75.00 price target (up from $72.00) on shares of Esquire Financial in a report on Friday, October 25th.

Esquire Financial Stock Performance

ESQ traded up $0.65 during trading on Wednesday, hitting $78.57. The stock had a trading volume of 18,157 shares, compared to its average volume of 33,751. The firm has a market capitalization of $653.70 million, a P/E ratio of 15.81 and a beta of 0.74. Esquire Financial has a twelve month low of $44.45 and a twelve month high of $80.00. The company’s 50-day moving average price is $68.66 and its 200 day moving average price is $58.94.

Insider Buying and Selling

In other Esquire Financial news, Director Selig Zises sold 8,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $76.77, for a total transaction of $614,160.00. Following the sale, the director now directly owns 62,601 shares in the company, valued at approximately $4,805,878.77. The trade was a 11.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 18.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Esquire Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its stake in Esquire Financial by 79.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 36,058 shares of the company’s stock valued at $2,351,000 after buying an additional 16,007 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Esquire Financial by 36.6% in the third quarter. Farther Finance Advisors LLC now owns 798 shares of the company’s stock valued at $52,000 after acquiring an additional 214 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Esquire Financial during the second quarter valued at $401,000. Cornercap Investment Counsel Inc. purchased a new stake in Esquire Financial during the 2nd quarter worth about $570,000. Finally, Dimensional Fund Advisors LP raised its stake in Esquire Financial by 9.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 202,847 shares of the company’s stock valued at $9,655,000 after purchasing an additional 17,333 shares during the last quarter. Institutional investors and hedge funds 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.