Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Get Free Report) Director Anthony Coelho sold 11,600 shares of the business's stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $127.00, for a total transaction of $1,473,200.00. Following the transaction, the director owned 55,765 shares of the company's stock, valued at approximately $7,082,155. This represents a 17.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Esquire Financial Stock Performance
Shares of NASDAQ:ESQ opened at $124.33 on Tuesday. Esquire Financial Holdings, Inc. has a 52 week low of $92.96 and a 52 week high of $134.82. The company has a market capitalization of $1.50 billion, a PE ratio of 20.69 and a beta of 0.40. The company has a 50 day moving average price of $119.52 and a two-hundred day moving average price of $114.49.
Esquire Financial (NASDAQ:ESQ - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.23. The company had revenue of $61.39 million for the quarter, compared to analysts' expectations of $59.93 million. Esquire Financial had a net margin of 26.92% and a return on equity of 21.49%. On average, sell-side analysts forecast that Esquire Financial Holdings, Inc. will post 7.49 earnings per share for the current year.
Esquire Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be given a $0.20 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. Esquire Financial's dividend payout ratio is currently 13.31%.
Institutional Trading of Esquire Financial
Hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System lifted its stake in Esquire Financial by 4.3% in the second quarter. Arizona State Retirement System now owns 2,085 shares of the company's stock valued at $248,000 after buying an additional 86 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Esquire Financial by 1.7% in the second quarter. HighTower Advisors LLC now owns 13,216 shares of the company's stock valued at $1,574,000 after buying an additional 219 shares during the period. Sterling Capital Management LLC increased its position in shares of Esquire Financial by 861.5% during the third quarter. Sterling Capital Management LLC now owns 250 shares of the company's stock worth $29,000 after acquiring an additional 224 shares in the last quarter. Provenance Wealth Advisors LLC bought a new stake in shares of Esquire Financial during the third quarter worth $29,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Esquire Financial during the second quarter worth $39,000. 54.66% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have weighed in on ESQ shares. Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Esquire Financial in a report on Thursday. Zacks Research raised Esquire Financial from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 28th. Wall Street Zen upgraded Esquire Financial from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Weiss Ratings raised Esquire Financial from a "buy (a-)" rating to a "buy (a)" rating in a research report on Tuesday, October 27th. Three analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Esquire Financial has an average rating of "Strong Buy" and a consensus target price of $122.50.
Read Our Latest Stock Analysis on Esquire Financial
About Esquire Financial
(
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. Esquire Bank primarily serves law firms, attorneys, and other professional-service businesses, as well as small and middle-market companies, entrepreneurs, and individuals.
The bank provides commercial banking products and services that include business checking and savings accounts, commercial loans, lines of credit, commercial real estate financing, construction lending, and small business lending.
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