Esquire Financial (NASDAQ:ESQ) Reaches New 1-Year High at $64.94

Esquire Financial Holdings, Inc. (NASDAQ:ESQ)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $64.94 and last traded at $64.73, with a volume of 20288 shares traded. The stock had previously closed at $63.23.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $68.00 price objective (up previously from $62.00) on shares of Esquire Financial in a research note on Friday, July 26th.

Esquire Financial Price Performance

The company has a market cap of $535.06 million, a P/E ratio of 13.74 and a beta of 0.70. The company has a 50 day moving average of $59.43 and a 200-day moving average of $51.65.

Esquire Financial (NASDAQ:ESQ) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.21 by $0.04. The company had revenue of $33.66 million during the quarter, compared to analyst estimates of $29.99 million. Esquire Financial had a return on equity of 19.92% and a net margin of 31.36%. Research analysts anticipate that Esquire Financial Holdings, Inc. will post 5.13 EPS for the current year.

Esquire Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Thursday, August 15th. Esquire Financial’s dividend payout ratio (DPR) is currently 12.90%.

Institutional Investors Weigh In On Esquire Financial

Several hedge funds have recently added to or reduced their stakes in ESQ. Sanctuary Advisors LLC bought a new position in Esquire Financial during the second quarter valued at approximately $401,000. Squarepoint Ops LLC grew its holdings in shares of Esquire Financial by 102.5% during the 2nd quarter. Squarepoint Ops LLC now owns 14,822 shares of the company’s stock valued at $706,000 after purchasing an additional 7,502 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Esquire Financial during the 2nd quarter valued at $926,000. Dimensional Fund Advisors LP raised its position 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 purchasing an additional 17,333 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in Esquire Financial in the second quarter worth $59,000. Institutional investors own 54.66% of the company’s stock.

About Esquire Financial

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.