Insider Selling: Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Sells 20,000 Shares of Stock

Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Get Free Report) Director Selig Zises sold 20,000 shares of Esquire Financial stock in a transaction 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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Esquire Financial Trading Down 0.1 %

ESQ stock traded down $0.09 during midday trading on Friday, hitting $72.19. The stock had a trading volume of 51,668 shares, compared to its average volume of 42,959. The firm has a market capitalization of $600.69 million, a price-to-earnings ratio of 13.99 and a beta of 0.78. The stock has a 50-day simple moving average of $82.19 and a 200 day simple moving average of $73.05. Esquire Financial Holdings, Inc. has a 52 week low of $44.45 and a 52 week high of $90.18.

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 (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.01). Esquire Financial had a return on equity of 19.93% and a net margin of 31.58%. On average, equities analysts forecast that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current year.

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Esquire Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.175 dividend. This is a positive change from Esquire Financial's previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.97%. Esquire Financial's payout ratio is currently 13.57%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Esquire Financial

Several large investors have recently made changes to their positions in ESQ. Tower Research Capital LLC TRC boosted its position in Esquire Financial by 151.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 788 shares of the company's stock valued at $63,000 after buying an additional 474 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Esquire Financial by 36.6% in the third quarter. Farther Finance Advisors LLC now owns 798 shares of the company's stock worth $52,000 after purchasing an additional 214 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Esquire Financial during the third quarter worth $54,000. FMR LLC increased its stake in shares of Esquire Financial by 14.3% in the third quarter. FMR LLC now owns 2,115 shares of the company's stock valued at $138,000 after buying an additional 264 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of Esquire Financial in the fourth quarter valued at about $207,000. Institutional investors own 54.66% of the company's stock.

Esquire Financial Company Profile

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.