Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Selig Zises Sells 2,500 Shares of Stock

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Selig Zises sold 2,500 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $45.89, for a total transaction of $114,725.00. Following the transaction, the director now directly owns 107,533 shares in the company, valued at $4,934,689.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Selig Zises also recently made the following trade(s):

• On Wednesday, May 22nd, Selig Zises sold 10,000 shares of Esquire Financial stock. The shares were sold at an average price of $47.76, for a total value of $477,600.00.

Esquire Financial Stock Performance

ESQ stock opened at $45.52 on Wednesday. The company has a market capitalization of $377.36 million, a P/E ratio of 9.79 and a beta of 0.74. The company has a fifty day moving average price of $47.14 and a 200-day moving average price of $48.19. Esquire Financial Holdings, Inc. has a 52-week low of $42.52 and a 52-week high of $54.80.

Esquire Financial (NASDAQ:ESQ) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.02. The company had revenue of $29.25 million during the quarter, compared to analysts’ expectations of $29.04 million. Esquire Financial had a return on equity of 20.20% and a net margin of 31.50%. As a group, sell-side analysts forecast that Esquire Financial Holdings, Inc. will post 4.95 earnings per share for the current fiscal year.

Esquire Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.32%. Esquire Financial’s dividend payout ratio is currently 12.90%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC purchased a new position in shares of Esquire Financial during the first quarter valued at approximately $420,000. Grandeur Peak Global Advisors LLC lifted its stake in Esquire Financial by 50.0% during the 1st quarter. Grandeur Peak Global Advisors LLC now owns 85,695 shares of the company’s stock valued at $4,068,000 after acquiring an additional 28,569 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Esquire Financial by 1.2% during the 1st quarter. Acadian Asset Management LLC now owns 31,015 shares of the company’s stock worth $1,471,000 after acquiring an additional 355 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Esquire Financial by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 368,375 shares of the company’s stock worth $17,487,000 after acquiring an additional 966 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Esquire Financial by 4.4% in the first quarter. Russell Investments Group Ltd. now owns 60,745 shares of the company’s stock valued at $2,884,000 after purchasing an additional 2,581 shares during the last quarter. 54.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their price objective on shares of Esquire Financial from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th.

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.