State Street Corp Has $9.41 Million Stock Position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

State Street Corp raised its stake in Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,344 shares of the company's stock after purchasing an additional 11,345 shares during the period. State Street Corp owned 1.74% of Esquire Financial worth $9,413,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ESQ. American Century Companies Inc. grew its stake in Esquire Financial by 21.7% in the 2nd quarter. American Century Companies Inc. now owns 122,222 shares of the company's stock valued at $5,818,000 after buying an additional 21,833 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Esquire Financial during the second quarter worth approximately $926,000. Dimensional Fund Advisors LP grew its position in shares of Esquire Financial by 9.3% in the second quarter. Dimensional Fund Advisors LP now owns 202,847 shares of the company's stock valued at $9,655,000 after purchasing an additional 17,333 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Esquire Financial by 79.8% during the third quarter. Assenagon Asset Management S.A. now owns 36,058 shares of the company's stock worth $2,351,000 after purchasing an additional 16,007 shares during the period. Finally, Cornercap Investment Counsel Inc. acquired a new stake in Esquire Financial during the 2nd quarter worth approximately $570,000. 54.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ESQ. Keefe, Bruyette & Woods boosted their price target on Esquire Financial from $72.00 to $80.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler reissued an "overweight" rating and issued a $75.00 target price (up previously from $72.00) on shares of Esquire Financial in a research report on Friday, October 25th.

Esquire Financial Stock Down 1.5 %

Shares of ESQ traded down $1.19 during mid-day trading on Friday, hitting $78.78. 52,614 shares of the company's stock were exchanged, compared to its average volume of 35,354. Esquire Financial Holdings, Inc. has a 52 week low of $44.45 and a 52 week high of $80.89. The stock's 50-day simple moving average is $74.07 and its 200-day simple moving average is $62.76. The firm has a market cap of $655.53 million, a price-to-earnings ratio of 15.85 and a beta of 0.74.

Esquire Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.76%. Esquire Financial's dividend payout ratio (DPR) is presently 12.07%.

Insiders Place Their Bets

In other Esquire Financial news, Director Joseph Melohn sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $79.15, for a total transaction of $237,450.00. Following the completion of the transaction, the director now directly owns 3,683 shares in the company, valued at $291,509.45. The trade was a 44.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Rena Nigam bought 640 shares of the business's stock in a transaction on Monday, December 9th. The shares were acquired at an average price of $77.50 per share, with a total value of $49,600.00. Following the completion of the purchase, the director now directly owns 1,867 shares of the company's stock, valued at approximately $144,692.50. The trade was a 52.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 18.90% 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.