Esquire Financial (NASDAQ:ESQ – Get Free Report) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
Separately, Weiss Ratings downgraded Esquire Financial from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, July 31st. One investment 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 company. Based on data from MarketBeat, Esquire Financial has a consensus rating of “Buy” and an average price target of $120.33.
Read Our Latest Analysis on ESQ
Esquire Financial Stock Performance
Esquire Financial (NASDAQ:ESQ – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.04. The company had revenue of $42.13 million for the quarter, compared to analyst estimates of $41.59 million. Esquire Financial had a net margin of 29.30% and a return on equity of 18.59%. As a group, equities analysts forecast that Esquire Financial will post 6.9 EPS for the current fiscal year.
Insider Buying and Selling
In other Esquire Financial news, Director Robert Mitzman sold 3,000 shares of Esquire Financial stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $129.60, for a total transaction of $388,800.00. Following the completion of the sale, the director directly owned 139,679 shares of the company’s stock, valued at $18,102,398.40. The trade was a 2.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.90% of the stock is owned by insiders.
Hedge Funds Weigh In On Esquire Financial
Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Esquire Financial by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 450,577 shares of the company’s stock valued at $45,990,000 after buying an additional 11,699 shares during the last quarter. Mawer Investment Management Ltd. boosted its holdings in shares of Esquire Financial by 3.1% in the 4th quarter. Mawer Investment Management Ltd. now owns 800,465 shares of the company’s stock valued at $81,703,000 after buying an additional 23,692 shares in the last quarter. Copeland Capital Management LLC grew its position in shares of Esquire Financial by 11.6% in the 4th quarter. Copeland Capital Management LLC now owns 265,550 shares of the company’s stock worth $27,105,000 after buying an additional 27,528 shares during the last quarter. GW&K Investment Management LLC grew its position in shares of Esquire Financial by 6.5% in the 4th quarter. GW&K Investment Management LLC now owns 199,909 shares of the company’s stock worth $20,405,000 after buying an additional 12,242 shares during the last quarter. Finally, Langdon Equity Partners bought a new position in shares of Esquire Financial during the 4th quarter worth approximately $14,609,000. Hedge funds and other institutional investors own 54.66% of the company’s stock.
Esquire Financial Company 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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