Hsbc Holdings PLC bought a new stake in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ – Free Report) during the first quarter, Holdings Channel.com reports. The fund bought 6,499 shares of the company’s stock, valued at approximately $693,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Granite Investment Partners LLC bought a new position in Esquire Financial in the first quarter worth about $6,593,000. Personal CFO Solutions LLC bought a new stake in Esquire Financial during the 1st quarter valued at approximately $229,000. Ampfield Management L.P. boosted its position in Esquire Financial by 23.0% during the 1st quarter. Ampfield Management L.P. now owns 233,216 shares of the company’s stock valued at $25,071,000 after acquiring an additional 43,633 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Esquire Financial by 11.7% during the 1st quarter. Diversified Trust Co now owns 2,412 shares of the company’s stock worth $259,000 after acquiring an additional 252 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Esquire Financial by 247.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 553 shares of the company’s stock worth $56,000 after acquiring an additional 394 shares during the period. Hedge funds and other institutional investors own 54.66% of the company’s stock.
Esquire Financial Stock Down 1.7%
Shares of ESQ opened at $129.63 on Friday. The business’s 50 day moving average price is $116.54 and its 200-day moving average price is $111.06. Esquire Financial Holdings, Inc. has a 52 week low of $90.57 and a 52 week high of $134.82. The stock has a market cap of $1.12 billion, a P/E ratio of 21.39 and a beta of 0.39.
Esquire Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, August 14th. Esquire Financial’s payout ratio is 13.20%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Weiss Ratings upgraded Esquire Financial from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, July 16th. Wall Street Zen cut Esquire Financial from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $120.33.
Read Our Latest Stock Analysis on ESQ
About Esquire Financial
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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