Arcus Capital Partners LLC Sells 300 Shares of Esquire Financial Holdings, Inc. $ESQ

Arcus Capital Partners LLC lessened its stake in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 7.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,865 shares of the company’s stock after selling 300 shares during the quarter. Arcus Capital Partners LLC’s holdings in Esquire Financial were worth $366,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ESQ. Mawer Investment Management Ltd. boosted its position in shares of Esquire Financial by 85.6% during the 1st quarter. Mawer Investment Management Ltd. now owns 779,889 shares of the company’s stock worth $58,788,000 after purchasing an additional 359,677 shares in the last quarter. Copeland Capital Management LLC lifted its position in Esquire Financial by 40,107.1% in the 2nd quarter. Copeland Capital Management LLC now owns 244,861 shares of the company’s stock valued at $23,179,000 after acquiring an additional 244,252 shares in the last quarter. Royce & Associates LP bought a new position in Esquire Financial in the 1st quarter valued at about $4,640,000. Royal Bank of Canada lifted its position in Esquire Financial by 215.3% in the 1st quarter. Royal Bank of Canada now owns 81,087 shares of the company’s stock valued at $6,113,000 after acquiring an additional 55,367 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Esquire Financial by 25.8% in the 1st quarter. American Century Companies Inc. now owns 209,991 shares of the company’s stock valued at $15,829,000 after acquiring an additional 43,076 shares in the last quarter. Institutional investors own 54.66% of the company’s stock.

Insiders Place Their Bets

In other Esquire Financial news, Director Selig Zises sold 17,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $99.71, for a total value of $1,695,070.00. Following the completion of the sale, the director directly owned 21,001 shares of the company’s stock, valued at $2,094,009.71. The trade was a 44.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph Melohn sold 1,326 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $100.00, for a total transaction of $132,600.00. Following the completion of the transaction, the director owned 136,531 shares in the company, valued at $13,653,100. The trade was a 0.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,326 shares of company stock valued at $3,403,470 over the last ninety days. 18.00% of the stock is currently owned by insiders.

Esquire Financial Trading Up 1.5%

Esquire Financial stock opened at $99.88 on Friday. Esquire Financial Holdings, Inc. has a 1-year low of $62.61 and a 1-year high of $107.25. The firm has a market capitalization of $852.98 million, a price-to-earnings ratio of 18.43 and a beta of 0.53. The firm has a 50 day simple moving average of $99.85 and a 200 day simple moving average of $93.41.

Esquire Financial (NASDAQ:ESQ) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.38 EPS for the quarter, meeting the consensus estimate of $1.38. Esquire Financial had a net margin of 30.96% and a return on equity of 18.87%. The firm had revenue of ($24.94) million during the quarter, compared to the consensus estimate of $28.26 million. On average, equities research analysts forecast that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current year.

Esquire Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 15th. Esquire Financial’s payout ratio is currently 12.92%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ESQ. Wall Street Zen cut shares of Esquire Financial from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $110.00 price target (up previously from $102.00) on shares of Esquire Financial in a research report on Friday, July 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Esquire Financial in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $100.50.

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.