TheStreet upgraded shares of Esquire Financial (NASDAQ:ESQ) from a d+ rating to a c rating in a report released on Friday, TheStreetRatingsTable reports.
Several other equities analysts have also issued reports on the company. ValuEngine lowered Esquire Financial from a hold rating to a sell rating in a research note on Thursday, April 2nd. Zacks Investment Research raised shares of Esquire Financial from a sell rating to a hold rating in a research note on Friday.
Shares of ESQ opened at $16.81 on Friday. The stock has a market cap of $125.09 million, a PE ratio of 9.50 and a beta of 1.27. Esquire Financial has a 1 year low of $10.83 and a 1 year high of $28.89. The stock has a 50 day simple moving average of $16.48 and a 200-day simple moving average of $19.79.
Esquire Financial (NASDAQ:ESQ) last announced its earnings results on Friday, April 24th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.15). The firm had revenue of $12.30 million for the quarter, compared to analyst estimates of $12.30 million. Esquire Financial had a return on equity of 12.65% and a net margin of 27.18%. As a group, analysts anticipate that Esquire Financial will post 1.75 earnings per share for the current fiscal year.
In other news, Director Marc D. Grossman acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost of $12.47 per share, for a total transaction of $37,410.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Lacapria bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $15.30 per share, for a total transaction of $30,600.00. Insiders have acquired a total of 10,210 shares of company stock worth $149,341 over the last 90 days. Corporate insiders own 16.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in shares of Esquire Financial during the 4th quarter worth approximately $36,000. State Street Corp increased its holdings in Esquire Financial by 13.6% during the fourth quarter. State Street Corp now owns 97,508 shares of the company’s stock worth $2,542,000 after buying an additional 11,657 shares during the last quarter. Barclays PLC increased its holdings in Esquire Financial by 102.6% during the fourth quarter. Barclays PLC now owns 6,377 shares of the company’s stock worth $166,000 after buying an additional 3,229 shares during the last quarter. Alexandria Capital LLC raised its position in Esquire Financial by 30.0% during the fourth quarter. Alexandria Capital LLC now owns 13,000 shares of the company’s stock worth $339,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in Esquire Financial by 6,281.9% in the fourth quarter. Panagora Asset Management Inc. now owns 41,227 shares of the company’s stock valued at $1,075,000 after acquiring an additional 40,581 shares during the last quarter. Institutional investors own 50.79% of the company’s stock.
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 and small business communities, 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.
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