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Esquire Financial (NASDAQ:ESQ) Sets New 12-Month High - Time to Buy?

Esquire Financial logo with Finance background

Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $67.93 and last traded at $67.75, with a volume of 8539 shares traded. The stock had previously closed at $66.76.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Piper Sandler reaffirmed an "overweight" rating and issued a $75.00 price target (up previously from $72.00) on shares of Esquire Financial in a research report on Friday. Keefe, Bruyette & Woods lowered shares of Esquire Financial from an "outperform" rating to a "market perform" rating and raised their price objective for the company from $68.00 to $72.00 in a research note on Wednesday, October 2nd.

Check Out Our Latest Stock Analysis on ESQ

Esquire Financial Price Performance

The firm has a market capitalization of $559.20 million, a P/E ratio of 14.50 and a beta of 0.70. The stock's 50-day simple moving average is $62.48 and its two-hundred day simple moving average is $54.44.

Institutional Trading of Esquire Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings 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 worth $52,000 after acquiring an additional 214 shares in the last quarter. Acadian Asset Management LLC raised its stake in Esquire Financial by 1.2% during the first quarter. Acadian Asset Management LLC now owns 31,015 shares of the company's stock valued at $1,471,000 after purchasing an additional 355 shares in the last quarter. Rhumbline Advisers raised its stake in Esquire Financial by 4.1% during the second quarter. Rhumbline Advisers now owns 11,236 shares of the company's stock valued at $535,000 after purchasing an additional 439 shares in the last quarter. Rosenthal Henry Capital Advisors Inc. lifted its position in Esquire Financial by 2.0% during the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 40,800 shares of the company's stock valued at $2,661,000 after purchasing an additional 800 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Esquire Financial in the 1st quarter worth $42,000. 54.66% of the stock is currently owned by institutional investors.

Esquire Financial Company Profile

(Get Free Report)

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.

Further Reading

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