Wasatch Advisors LP reduced its stake in Esquire Financial Holdings, Inc. (NASDAQ:ESQ – Free Report) by 4.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 344,046 shares of the company’s stock after selling 16,534 shares during the period. Wasatch Advisors LP owned about 3.98% of Esquire Financial worth $36,985,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in ESQ. Global Retirement Partners LLC bought a new position in Esquire Financial in the 4th quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Esquire Financial by 247.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 553 shares of the company’s stock worth $56,000 after buying an additional 394 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Esquire Financial by 64.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 690 shares of the company’s stock worth $70,000 after buying an additional 270 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Esquire Financial by 352.5% during the second quarter. Tower Research Capital LLC TRC now owns 810 shares of the company’s stock worth $77,000 after buying an additional 631 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Esquire Financial during the third quarter worth $93,000. 54.66% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently commented on ESQ shares. Wall Street Zen cut Esquire Financial from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Weiss Ratings cut Esquire Financial from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. Finally, Raymond James Financial raised Esquire Financial from a “market perform” rating to a “strong-buy” rating and set a $125.00 target price for the company in a report on Friday, March 13th. 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. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $120.33.
Esquire Financial Price Performance
NASDAQ:ESQ opened at $118.47 on Friday. Esquire Financial Holdings, Inc. has a one year low of $90.57 and a one year high of $134.82. The company has a market cap of $1.02 billion, a PE ratio of 19.91 and a beta of 0.39. The firm’s 50 day simple moving average is $110.35 and its 200 day simple moving average is $108.39.
Esquire Financial (NASDAQ:ESQ – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.06. The firm had revenue of $40.46 million during the quarter, compared to analysts’ expectations of $40.76 million. Esquire Financial had a net margin of 29.96% and a return on equity of 18.30%. Equities research analysts expect that Esquire Financial Holdings, Inc. will post 6.35 EPS for the current year.
Esquire Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, May 15th. Esquire Financial’s dividend payout ratio is presently 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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