Granite Investment Partners LLC bought a new position in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 61,334 shares of the company’s stock, valued at approximately $6,593,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Comerica Bank boosted its stake in shares of Esquire Financial by 8.5% during the 4th quarter. Comerica Bank now owns 1,399 shares of the company’s stock worth $143,000 after acquiring an additional 110 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 purchasing an additional 156 shares during the last quarter. Diversified Trust Co raised its holdings in Esquire Financial by 11.7% during the first quarter. Diversified Trust Co now owns 2,412 shares of the company’s stock worth $259,000 after purchasing an additional 252 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in 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 purchasing an additional 270 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Esquire Financial by 3.6% during the fourth quarter. AQR Capital Management LLC now owns 7,866 shares of the company’s stock worth $803,000 after purchasing an additional 271 shares in the last quarter. 54.66% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have recently weighed in on ESQ. Weiss Ratings cut Esquire Financial from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Wall Street Zen downgraded shares of Esquire Financial from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Finally, Raymond James Financial raised shares of Esquire Financial from a “market perform” rating to a “strong-buy” rating and set a $125.00 price target on the stock in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $120.33.
Esquire Financial Stock Performance
Shares of ESQ opened at $117.56 on Thursday. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 19.76 and a beta of 0.39. The company’s 50 day simple moving average is $111.77 and its 200 day simple moving average is $109.18. Esquire Financial Holdings, Inc. has a 1 year low of $90.57 and a 1 year high of $134.82.
Esquire Financial (NASDAQ:ESQ – Get Free Report) last released its earnings results on Thursday, April 23rd. The company reported $1.58 EPS for the quarter, topping 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 analysts expect that Esquire Financial Holdings, Inc. will post 6.53 EPS for the current fiscal year.
Esquire Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, May 15th. This represents a $0.80 annualized dividend and a dividend yield of 0.7%. Esquire Financial’s dividend payout ratio (DPR) is 13.45%.
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.
Recommended Stories
- Five stocks we like better than Esquire Financial
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
- The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
- Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns
Want to see what other hedge funds are holding ESQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Esquire Financial Holdings, Inc. (NASDAQ:ESQ – Free Report).
Receive News & Ratings for Esquire Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esquire Financial and related companies with MarketBeat.com's FREE daily email newsletter.
