Elizabeth Park Capital Advisors Ltd. cut its stake in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ – Free Report) by 34.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,263 shares of the company’s stock after selling 8,543 shares during the quarter. Elizabeth Park Capital Advisors Ltd.’s holdings in Esquire Financial were worth $1,660,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in Esquire Financial during the fourth quarter valued at about $33,000. Steward Partners Investment Advisory LLC raised its holdings in Esquire Financial by 64.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 690 shares of the company’s stock valued at $70,000 after acquiring an additional 270 shares during the period. Tower Research Capital LLC TRC raised its holdings in Esquire Financial by 352.5% during the second quarter. Tower Research Capital LLC TRC now owns 810 shares of the company’s stock valued at $77,000 after acquiring an additional 631 shares during the period. Advisory Services Network LLC bought a new stake in Esquire Financial during the third quarter valued at about $93,000. Finally, Comerica Bank raised its holdings in Esquire Financial by 50.2% during the third quarter. Comerica Bank now owns 1,289 shares of the company’s stock valued at $132,000 after acquiring an additional 431 shares during the period. 54.66% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
ESQ has been the topic of a number of recent analyst reports. Raymond James Financial raised Esquire Financial from a “market perform” rating to a “strong-buy” rating and set a $125.00 price target on the stock in a report on Friday, March 13th. Weiss Ratings raised Esquire Financial from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, June 2nd. Finally, Wall Street Zen cut Esquire Financial from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $120.33.
Esquire Financial Trading Down 1.6%
Shares of ESQ stock opened at $112.31 on Thursday. Esquire Financial Holdings, Inc. has a 12-month low of $88.47 and a 12-month high of $134.82. The stock’s 50-day moving average price is $110.18 and its 200-day moving average price is $107.83. The stock has a market capitalization of $970.36 million, a price-to-earnings ratio of 18.88 and a beta of 0.39.
Esquire Financial (NASDAQ:ESQ – Get Free Report) last issued its earnings results on Thursday, April 23rd. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.06. Esquire Financial had a return on equity of 18.30% and a net margin of 29.96%.The firm had revenue of $40.46 million for the quarter, compared to analysts’ expectations of $40.76 million. As a group, research analysts predict that Esquire Financial Holdings, Inc. will post 6.35 EPS for the current fiscal year.
Esquire Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, May 15th. Esquire Financial’s payout ratio is 13.45%.
Esquire Financial Profile
Esquire Financial Holdings, Inc is a bank holding company whose principal subsidiary, Esquire Bank, specializes in residential mortgage lending and community banking services. Headquartered in Kansas City, Missouri, the company operates through multiple distribution channels, including retail branches, wholesale and correspondent lending divisions. Esquire Financial focuses on tailored home financing solutions while maintaining a community-oriented approach to banking.
In its mortgage lending business, Esquire Bank originates and services a range of home loan products, including government-insured mortgages (FHA, VA and USDA) as well as conventional conforming and jumbo loans.
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