Insider Selling: Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Sells 3,000 Shares of Stock

Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Get Free Report) Director Joseph Melohn sold 3,000 shares of Esquire Financial stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.15, for a total transaction of $237,450.00. Following the sale, the director now owns 3,683 shares of the company's stock, valued at approximately $291,509.45. This represents a 44.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Esquire Financial Price Performance

Shares of ESQ traded down $1.43 during midday trading on Thursday, reaching $77.50. The stock had a trading volume of 106,606 shares, compared to its average volume of 35,136. The company's fifty day simple moving average is $72.47 and its two-hundred day simple moving average is $61.40. The company has a market cap of $644.88 million, a price-to-earnings ratio of 15.59 and a beta of 0.74. Esquire Financial Holdings, Inc. has a 1-year low of $44.45 and a 1-year high of $80.89.

Esquire Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.77%. Esquire Financial's dividend payout ratio is presently 12.07%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Esquire Financial

Several large investors have recently bought and sold shares of ESQ. Wasatch Advisors LP boosted its stake in shares of Esquire Financial by 0.8% during the third quarter. Wasatch Advisors LP now owns 566,001 shares of the company's stock worth $36,909,000 after buying an additional 4,426 shares during the period. Dimensional Fund Advisors LP increased its stake in Esquire Financial by 9.3% in the 2nd 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 in the last quarter. Geode Capital Management LLC increased its position in shares of Esquire Financial by 3.4% in the third quarter. Geode Capital Management LLC now owns 182,259 shares of the company's stock valued at $11,887,000 after buying an additional 6,025 shares in the last quarter. State Street Corp raised its position in Esquire Financial by 8.5% during the third quarter. State Street Corp now owns 144,344 shares of the company's stock worth $9,413,000 after acquiring an additional 11,345 shares during the last quarter. Finally, American Century Companies Inc. lifted 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 in the last quarter. Institutional investors and hedge funds 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.