8,263 Shares in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd bought a new stake in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,263 shares of the company's stock, valued at approximately $657,000. Harvest Fund Management Co. Ltd owned approximately 0.10% of Esquire Financial at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ESQ. Quantbot Technologies LP bought a new stake in Esquire Financial in the third quarter worth $54,000. FMR LLC lifted its holdings in shares of Esquire Financial by 14.3% in the 3rd quarter. FMR LLC now owns 2,115 shares of the company's stock worth $138,000 after acquiring an additional 264 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new position in shares of Esquire Financial during the 4th quarter worth about $218,000. Quest Partners LLC bought a new position in Esquire Financial during the 3rd quarter valued at about $180,000. Finally, Delphi Management Inc. MA grew its holdings in Esquire Financial by 33.8% during the 4th quarter. Delphi Management Inc. MA now owns 2,776 shares of the company's stock valued at $221,000 after purchasing an additional 701 shares during the last quarter. 54.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Esquire Financial news, Director Selig Zises sold 20,000 shares of the company's 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 sale, the director now owns 35,501 shares in the company, valued at $2,754,522.59. This represents a 36.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard T. Powers sold 1,427 shares of the business's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $86.99, for a total value of $124,134.73. Following the completion of the transaction, the director now directly owns 58,997 shares of the company's stock, valued at approximately $5,132,149.03. The trade was a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.90% of the company's stock.

Esquire Financial Stock Performance

Esquire Financial stock traded up $0.31 during trading hours on Tuesday, hitting $75.68. The company had a trading volume of 45,772 shares, compared to its average volume of 44,264. The firm has a market cap of $638.13 million, a P/E ratio of 14.67 and a beta of 0.78. The company has a 50-day moving average price of $80.48 and a two-hundred day moving average price of $74.29. Esquire Financial Holdings, Inc. has a 1 year low of $44.45 and a 1 year high of $90.18.

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

Esquire Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.175 per share. This is an increase from Esquire Financial's previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.92%. Esquire Financial's dividend payout ratio is presently 13.57%.

Analyst Ratings Changes

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

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.