Quest Partners LLC Buys Shares of 2,758 Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Quest Partners LLC bought a new stake in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,758 shares of the company’s stock, valued at approximately $180,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in Esquire Financial by 36.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 798 shares of the company’s stock valued at $52,000 after acquiring an additional 214 shares during the period. Rhumbline Advisers raised its holdings in Esquire Financial by 4.1% during the 2nd quarter. Rhumbline Advisers now owns 11,236 shares of the company’s stock valued at $535,000 after acquiring an additional 439 shares during the period. Rosenthal Henry Capital Advisors Inc. raised its holdings in Esquire Financial by 2.0% during the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 40,800 shares of the company’s stock valued at $2,661,000 after acquiring an additional 800 shares during the period. Vanguard Group Inc. raised its holdings in Esquire Financial by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 368,375 shares of the company’s stock valued at $17,487,000 after acquiring an additional 966 shares during the period. Finally, Copeland Capital Management LLC bought a new stake in Esquire Financial during the 3rd quarter valued at $64,000. Institutional investors own 54.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Selig Zises sold 8,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $76.77, for a total value of $614,160.00. Following the completion of the transaction, the director now directly owns 62,601 shares in the company, valued at approximately $4,805,878.77. The trade was a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 18.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ESQ has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lowered shares of Esquire Financial from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $68.00 to $72.00 in a research report on Wednesday, October 2nd. Piper Sandler restated an “overweight” rating and set a $75.00 price target (up from $72.00) on shares of Esquire Financial in a research report on Friday, October 25th.

Esquire Financial Price Performance

ESQ opened at $78.50 on Thursday. The company has a fifty day moving average price of $67.19 and a 200-day moving average price of $57.91. The firm has a market capitalization of $653.20 million, a P/E ratio of 15.79 and a beta of 0.70. Esquire Financial Holdings, Inc. has a one year low of $44.45 and a one year high of $80.00.

Esquire Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 0.76%. Esquire Financial’s dividend payout ratio (DPR) is presently 12.07%.

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.