Quantbot Technologies LP acquired a new position in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,331 shares of the company’s stock, valued at approximately $1,231,000. Quantbot Technologies LP owned approximately 0.12% of Esquire Financial at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in ESQ. Royal Bank of Canada boosted its position in Esquire Financial by 215.3% in the first quarter. Royal Bank of Canada now owns 81,087 shares of the company’s stock valued at $6,113,000 after buying an additional 55,367 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Esquire Financial by 69.5% during the 1st quarter. AQR Capital Management LLC now owns 12,367 shares of the company’s stock valued at $932,000 after acquiring an additional 5,071 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Esquire Financial by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,178 shares of the company’s stock valued at $315,000 after acquiring an additional 156 shares in the last quarter. Creative Planning grew its position in Esquire Financial by 54.2% during the 2nd quarter. Creative Planning now owns 4,676 shares of the company’s stock worth $443,000 after acquiring an additional 1,643 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Esquire Financial by 9.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,684 shares of the company’s stock worth $538,000 after acquiring an additional 499 shares during the last quarter. Institutional investors own 54.66% of the company’s stock.
Esquire Financial Stock Performance
Shares of NASDAQ:ESQ opened at $112.86 on Wednesday. The firm has a market cap of $1.37 billion, a PE ratio of 18.62 and a beta of 0.38. The firm’s fifty day moving average is $121.79 and its 200-day moving average is $113.20. Esquire Financial Holdings, Inc. has a 52 week low of $92.10 and a 52 week high of $134.82.
Esquire Financial Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, August 14th. Esquire Financial’s payout ratio is 13.20%.
Insider Buying and Selling at Esquire Financial
In other news, Director Robert Mitzman sold 3,000 shares of the stock in a transaction dated 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 owned 139,679 shares of the company’s stock, valued at approximately $18,102,398.40. This represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 13.90% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on ESQ shares. Weiss Ratings upgraded Esquire Financial from a “buy (b)” rating to a “buy (a-)” rating in a research report on Thursday, August 13th. Wall Street Zen upgraded Esquire Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Esquire Financial presently has a consensus rating of “Buy” and a consensus price target of $120.33.
Check Out Our Latest Stock Analysis on ESQ
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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