Esquire Financial (NASDAQ:ESQ) Shares Down 4.2% - Time to Sell?

Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Get Free Report) traded down 4.2% during mid-day trading on Tuesday . The stock traded as low as $63.10 and last traded at $63.10. 631 shares traded hands during trading, a decline of 98% from the average session volume of 33,410 shares. The stock had previously closed at $65.86.

Analyst Upgrades and Downgrades

ESQ has been the topic of several analyst reports. Keefe, Bruyette & Woods downgraded Esquire Financial from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from $68.00 to $72.00 in a report on Wednesday, October 2nd. Piper Sandler restated an "overweight" rating and issued a $75.00 price objective (up previously from $72.00) on shares of Esquire Financial in a research report on Friday, October 25th.

Esquire Financial Stock Up 3.2 %

The company's fifty day simple moving average is $63.03 and its 200 day simple moving average is $55.05. The firm has a market capitalization of $564.75 million, a PE ratio of 13.61 and a beta of 0.70.

Esquire Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, November 15th. Esquire Financial's payout ratio is presently 12.07%.

Institutional Trading of Esquire Financial

Several large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in Esquire Financial during the first quarter valued at approximately $42,000. Farther Finance Advisors LLC grew its position in shares of Esquire Financial by 36.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 798 shares of the company's stock valued at $52,000 after acquiring an additional 214 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Esquire Financial in the 2nd quarter worth $59,000. Copeland Capital Management LLC bought a new position in Esquire Financial in the 3rd quarter worth $64,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Esquire Financial during the second quarter valued at $91,000. 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.