Key Points
- Esquire Financial CEO Andrew Sagliocca sold 10,000 shares at an average price of $122.73, generating $1.23 million and reducing his ownership by 3.35%; he still holds 288,798 shares.
- The company reported quarterly EPS of $1.60, beating estimates by $0.04, while revenue of $42.13 million also exceeded expectations. Esquire Financial maintains a 0.7% dividend yield based on its $0.20 quarterly payout.
- Analysts maintain a consensus “Buy” rating with a $120.33 price target, while institutional investors own 54.66% of the company.
Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Get Free Report) CEO Andrew Sagliocca sold 10,000 shares of the stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $122.73, for a total value of $1,227,300.00. Following the transaction, the chief executive officer owned 288,798 shares in the company, valued at $35,444,178.54. The trade was a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Esquire Financial Stock Down 0.9%
NASDAQ:ESQ opened at $122.06 on Tuesday. The company has a fifty day moving average of $122.01 and a 200-day moving average of $114.56. The firm has a market capitalization of $1.48 billion, a P/E ratio of 20.14 and a beta of 0.35. Esquire Financial Holdings, Inc. has a twelve month low of $92.10 and a twelve month high of $134.82.
Esquire Financial (NASDAQ:ESQ - Get Free Report) last released its earnings results 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 company had revenue of $42.13 million for the quarter, compared to the consensus estimate of $41.59 million. Esquire Financial had a net margin of 29.30% and a return on equity of 18.22%. On average, analysts anticipate that Esquire Financial Holdings, Inc. will post 6.9 EPS for the current fiscal year.
Esquire Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, August 14th. This represents a $0.80 annualized dividend and a dividend yield of 0.7%. Esquire Financial's dividend payout ratio is currently 13.20%.
Hedge Funds Weigh In On Esquire Financial
Several large investors have recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. increased its holdings in Esquire Financial by 3.1% during the 4th quarter. Mawer Investment Management Ltd. now owns 800,465 shares of the company's stock worth $81,703,000 after purchasing an additional 23,692 shares in the last quarter. Corient Private Wealth LP purchased a new stake in shares of Esquire Financial in the second quarter worth approximately $1,886,000. GW&K Investment Management LLC lifted its holdings in shares of Esquire Financial by 6.5% in the fourth quarter. GW&K Investment Management LLC now owns 199,909 shares of the company's stock valued at $20,405,000 after purchasing an additional 12,242 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Esquire Financial by 471.4% in the first quarter. Renaissance Technologies LLC now owns 56,000 shares of the company's stock valued at $6,020,000 after purchasing an additional 46,200 shares in the last quarter. Finally, Langdon Equity Partners purchased a new position in shares of Esquire Financial during the fourth quarter valued at approximately $14,609,000. Institutional investors own 54.66% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently commented on the company. Weiss Ratings raised Esquire Financial from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Thursday, September 10th. Wall Street Zen upgraded Esquire Financial from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $120.33.
Check Out Our Latest Analysis on Esquire Financial
Esquire Financial Company Profile
(
Get Free Report)
Esquire Financial Holdings, Inc is the bank holding company for Esquire Bank, a federally chartered community bank headquartered in Jericho, New York. Founded in 2006, Esquire Bank focuses on serving law firms, attorneys, and other professional service businesses, along with small and middle-market companies and individual customers.
The bank offers commercial and consumer banking products, including business and personal deposit accounts, commercial real estate and commercial loans, lines of credit, mortgage loans, and treasury management services.
Further Reading
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