Esquire Financial Holdings, Inc. Plans Quarterly Dividend of $0.20 (NASDAQ:ESQ)

Esquire Financial Holdings, Inc. (NASDAQ:ESQGet Free Report) announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Friday, August 14th will be given a dividend of 0.20 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, August 14th.

Esquire Financial has a payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Esquire Financial to earn $8.70 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 9.2%.

Esquire Financial Trading Down 1.7%

NASDAQ:ESQ opened at $129.63 on Friday. The firm’s fifty day simple moving average is $116.54 and its 200 day simple moving average is $111.06. Esquire Financial has a twelve month low of $90.57 and a twelve month high of $134.82. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 21.39 and a beta of 0.39.

Esquire Financial (NASDAQ:ESQGet Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.04. The company had revenue of $42.13 million during the quarter, compared to the consensus estimate of $41.59 million. Esquire Financial had a return on equity of 18.59% and a net margin of 29.30%. On average, analysts predict that Esquire Financial will post 6.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen cut Esquire Financial from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Weiss Ratings raised shares of Esquire Financial from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Esquire Financial currently has an average rating of “Buy” and a consensus target price of $120.33.

View Our Latest Report on ESQ

About Esquire Financial

(Get Free Report)

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.

See Also

Dividend History for Esquire Financial (NASDAQ:ESQ)

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