Fmr LLC Purchases 264 Shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Fmr LLC raised its position in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 14.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,115 shares of the company’s stock after acquiring an additional 264 shares during the period. Fmr LLC’s holdings in Esquire Financial were worth $138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its stake in Esquire Financial by 79.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 36,058 shares of the company’s stock valued at $2,351,000 after purchasing an additional 16,007 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Esquire Financial by 36.6% during the third quarter. Farther Finance Advisors LLC now owns 798 shares of the company’s stock worth $52,000 after buying an additional 214 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Esquire Financial in the second quarter valued at approximately $401,000. Dimensional Fund Advisors LP grew its stake in shares of Esquire Financial by 9.3% in the second 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. Finally, Cornercap Investment Counsel Inc. bought a new position in Esquire Financial during the second quarter worth $570,000. 54.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Piper Sandler reissued an “overweight” rating and issued a $75.00 price target (up from $72.00) on shares of Esquire Financial in a report on Friday, October 25th. Keefe, Bruyette & Woods increased their target price on shares of Esquire Financial from $72.00 to $80.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Esquire Financial Price Performance

Shares of ESQ stock opened at $78.61 on Monday. Esquire Financial Holdings, Inc. has a one year low of $44.45 and a one year high of $80.89. The stock has a fifty day moving average price of $72.77 and a 200 day moving average price of $61.73. The stock has a market cap of $654.11 million, a P/E ratio of 15.82 and a beta of 0.74.

Esquire Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, November 15th. Esquire Financial’s payout ratio is 12.07%.

Insider Activity at Esquire Financial

In related news, Director Rena Nigam acquired 640 shares of the business’s stock in a transaction on Monday, December 9th. The stock was bought at an average cost of $77.50 per share, with a total value of $49,600.00. Following the completion of the acquisition, the director now owns 1,867 shares in the company, valued at $144,692.50. The trade was a 52.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph Melohn sold 3,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $79.15, for a total transaction of $237,450.00. Following the sale, the director now owns 3,683 shares of the company’s stock, valued at $291,509.45. This trade represents a 44.89 % decrease in their position. The disclosure for this sale can be found here. 18.90% of the stock is currently owned by insiders.

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.