Key Points
- Director Robert Mitzman sold 3,000 Esquire Financial shares at an average price of $129.60, generating $388,800 and reducing his ownership by 2.1% to 139,679 shares.
- Esquire Financial recently exceeded quarterly expectations, reporting $1.60 EPS versus the $1.56 consensus and revenue of $42.13 million versus $41.59 million expected.
- The company declared a quarterly dividend of $0.20, equivalent to an annualized $0.80 payout and a 0.6% yield; analysts maintain an average “Buy” rating with a $120.33 price target.
Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Get Free Report) Director Robert Mitzman sold 3,000 shares of the company's stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $129.60, for a total transaction of $388,800.00. Following the sale, the director owned 139,679 shares of the company's stock, valued at $18,102,398.40. This represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Esquire Financial Stock Down 0.1%
Shares of Esquire Financial stock opened at $129.05 on Tuesday. The firm has a market cap of $1.11 billion, a PE ratio of 21.30 and a beta of 0.38. Esquire Financial Holdings, Inc. has a 12-month low of $91.64 and a 12-month high of $134.82. The company's fifty day simple moving average is $117.27 and its two-hundred day simple moving average is $111.41.
Esquire Financial (NASDAQ:ESQ - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.56 by $0.04. The firm had revenue of $42.13 million for the quarter, compared to analysts' expectations of $41.59 million. Esquire Financial had a net margin of 29.30% and a return on equity of 18.59%. As a group, sell-side analysts expect that Esquire Financial Holdings, Inc. will post 6.9 earnings per share for the current fiscal year.
Esquire Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. Esquire Financial's dividend payout ratio (DPR) is presently 13.20%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on ESQ. Weiss Ratings lowered Esquire Financial from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday. Wall Street Zen lowered shares of Esquire Financial from a "hold" rating to a "sell" rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Esquire Financial presently has an average rating of "Buy" and an average price target of $120.33.
View Our Latest Stock Analysis on Esquire Financial
Institutional Investors Weigh In On Esquire Financial
A number of institutional investors have recently modified their holdings of ESQ. Global Retirement Partners LLC purchased a new position in shares of Esquire Financial in the 4th quarter worth about $33,000. Caitong International Asset Management Co. Ltd increased its stake in Esquire Financial by 247.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 553 shares of the company's stock valued at $56,000 after purchasing an additional 394 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Esquire Financial by 64.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 690 shares of the company's stock worth $70,000 after buying an additional 270 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Esquire Financial by 352.5% in the second quarter. Tower Research Capital LLC TRC now owns 810 shares of the company's stock worth $77,000 after buying an additional 631 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Esquire Financial in the third quarter worth approximately $93,000. 54.66% of the stock is owned by hedge funds and other institutional investors.
Esquire Financial Company Profile
(
Get Free Report)
Esquire Financial Holdings, Inc is a bank holding company whose principal subsidiary, Esquire Bank, specializes in residential mortgage lending and community banking services. Headquartered in Kansas City, Missouri, the company operates through multiple distribution channels, including retail branches, wholesale and correspondent lending divisions. Esquire Financial focuses on tailored home financing solutions while maintaining a community-oriented approach to banking.
In its mortgage lending business, Esquire Bank originates and services a range of home loan products, including government-insured mortgages (FHA, VA and USDA) as well as conventional conforming and jumbo loans.
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