Bank of New York Mellon Corp Has $2.73 Million Holdings in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Bank of New York Mellon Corp trimmed its position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) by 12.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,394 shares of the company's stock after selling 4,718 shares during the quarter. Bank of New York Mellon Corp owned 0.41% of Esquire Financial worth $2,734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Esquire Financial during the 3rd quarter valued at about $54,000. FMR LLC lifted its position in shares of Esquire Financial by 14.3% during the 3rd quarter. FMR LLC now owns 2,115 shares of the company's stock worth $138,000 after buying an additional 264 shares during the period. Quest Partners LLC acquired a new stake in Esquire Financial in the 3rd quarter valued at $180,000. Martingale Asset Management L P acquired a new position in Esquire Financial during the third quarter worth $215,000. Finally, Franklin Resources Inc. bought a new position in shares of Esquire Financial during the third quarter valued at $252,000. 54.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ESQ shares. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $85.00 price target (up from $80.00) on shares of Esquire Financial in a report on Monday, January 27th. Piper Sandler raised their price objective on shares of Esquire Financial from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Finally, Raymond James cut shares of Esquire Financial from a "strong-buy" rating to a "market perform" rating in a research report on Friday, January 24th.

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Esquire Financial Stock Performance

NASDAQ:ESQ traded up $3.19 on Monday, hitting $75.37. 59,920 shares of the stock were exchanged, compared to its average volume of 44,266. Esquire Financial Holdings, Inc. has a 52 week low of $44.45 and a 52 week high of $90.18. The stock has a market capitalization of $635.52 million, a price-to-earnings ratio of 14.61 and a beta of 0.78. The company's 50-day moving average price is $80.55 and its 200 day moving average price is $74.18.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $1.37 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.01). Esquire Financial had a return on equity of 19.93% and a net margin of 31.58%. As a group, equities research analysts predict that Esquire Financial Holdings, Inc. will post 5.52 earnings per share for the current year.

Esquire Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.175 dividend. This is a positive change from Esquire Financial's previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Friday, February 14th. Esquire Financial's dividend payout ratio (DPR) is currently 13.57%.

Insider Buying and Selling

In other news, Director Richard T. Powers sold 1,427 shares of Esquire Financial stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $86.99, for a total transaction of $124,134.73. Following the transaction, the director now owns 58,997 shares in the company, valued at $5,132,149.03. The trade was a 2.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Selig Zises sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $77.59, for a total transaction of $1,551,800.00. Following the sale, the director now owns 35,501 shares in the company, valued at $2,754,522.59. This trade represents a 36.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.90% of the stock is owned by insiders.

About Esquire Financial

Esquire Financial Holdings, Inc operates as the bank holding company for Esquire Bank, National Association that provides commercial banking products and services to legal industry and small businesses, and commercial and retail customers in the United States. The company offers checking, savings, money market, and time deposits, as well as certificates of deposit.