Assenagon Asset Management S.A. Raises Position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Assenagon Asset Management S.A. grew its holdings in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 79.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,058 shares of the company’s stock after purchasing an additional 16,007 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Esquire Financial were worth $2,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Rosenthal Henry Capital Advisors Inc. purchased a new position in Esquire Financial in the 1st quarter worth $1,899,000. Grandeur Peak Global Advisors LLC raised its stake in Esquire Financial by 50.0% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 85,695 shares of the company’s stock worth $4,068,000 after acquiring an additional 28,569 shares during the last quarter. American Century Companies Inc. raised its stake in Esquire Financial by 21.7% in the 2nd quarter. American Century Companies Inc. now owns 122,222 shares of the company’s stock worth $5,818,000 after acquiring an additional 21,833 shares during the last quarter. Marshall Wace LLP purchased a new position in Esquire Financial in the 2nd quarter worth $926,000. 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 worth $9,655,000 after acquiring an additional 17,333 shares during the last quarter. Hedge funds and other institutional investors own 54.66% of the company’s stock.

Esquire Financial Stock Performance

NASDAQ ESQ opened at $66.58 on Friday. The stock has a 50-day simple moving average of $62.66 and a two-hundred day simple moving average of $54.53. The firm has a market capitalization of $552.15 million, a P/E ratio of 14.32 and a beta of 0.70. Esquire Financial Holdings, Inc. has a fifty-two week low of $44.45 and a fifty-two week high of $69.00.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ESQ shares. Keefe, Bruyette & Woods lowered Esquire Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $68.00 to $72.00 in a research note on Wednesday, October 2nd. Piper Sandler reiterated an “overweight” rating and set a $75.00 price objective (up previously from $72.00) on shares of Esquire Financial in a research note on Friday, October 25th.

Esquire Financial 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.