Dimensional Fund Advisors LP raised its position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ – Free Report) by 2.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,807 shares of the company’s stock after acquiring an additional 4,825 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.32% of Esquire Financial worth $21,586,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of ESQ. Royal Bank of Canada lifted its stake 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 purchasing an additional 55,367 shares during the last quarter. AQR Capital Management LLC grew its holdings in Esquire Financial by 69.5% during the first quarter. AQR Capital Management LLC now owns 12,367 shares of the company’s stock worth $932,000 after purchasing an additional 5,071 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Esquire Financial by 3.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,178 shares of the company’s stock worth $315,000 after buying an additional 156 shares during the last quarter. Creative Planning increased its position in Esquire Financial by 54.2% during the second quarter. Creative Planning now owns 4,676 shares of the company’s stock worth $443,000 after buying an additional 1,643 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Esquire Financial by 9.6% in the second quarter. JPMorgan Chase & Co. now owns 5,684 shares of the company’s stock valued at $538,000 after buying an additional 499 shares during the period. Institutional investors own 54.66% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently issued reports on ESQ shares. Weiss Ratings cut Esquire Financial from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, July 31st. Wall Street Zen cut Esquire Financial from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $120.33.
Insiders Place Their Bets
In related news, Director Robert Mitzman sold 3,000 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $129.60, for a total value of $388,800.00. Following the completion of the sale, the director directly owned 139,679 shares in the company, valued at $18,102,398.40. The trade was a 2.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 13.90% of the company’s stock.
Esquire Financial Stock Performance
Shares of ESQ opened at $131.32 on Friday. Esquire Financial Holdings, Inc. has a 52 week low of $91.64 and a 52 week high of $134.82. The firm has a market cap of $1.13 billion, a P/E ratio of 21.67 and a beta of 0.38. The firm’s 50-day simple moving average is $118.51 and its 200 day simple moving average is $111.93.
Esquire Financial (NASDAQ:ESQ – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.04. Esquire Financial had a net margin of 29.30% and a return on equity of 18.59%. The firm had revenue of $42.13 million during the quarter, compared to the consensus estimate of $41.59 million. As a group, equities analysts forecast that Esquire Financial Holdings, Inc. will post 6.9 earnings per share for the current year.
Esquire Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, August 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. Esquire Financial’s dividend payout ratio (DPR) is 13.20%.
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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