Esquire Financial Holdings, Inc. Plans Quarterly Dividend of $0.15 (NASDAQ:ESQ)

Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Get Free Report) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Friday, November 15th will be paid a dividend of 0.15 per share on Monday, December 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Friday, November 15th.

Esquire Financial has a dividend payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Esquire Financial to earn $5.52 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 10.9%.

Esquire Financial Stock Down 0.1 %

Esquire Financial stock traded down $0.09 during trading on Friday, reaching $66.49. The stock had a trading volume of 15,852 shares, compared to its average volume of 33,620. Esquire Financial has a 52-week low of $44.45 and a 52-week high of $69.00. The business has a 50 day moving average price of $62.93 and a 200 day moving average price of $54.76. The stock has a market cap of $552.53 million, a PE ratio of 13.38 and a beta of 0.70.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Piper Sandler reiterated 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. Keefe, Bruyette & Woods cut shares of Esquire Financial from an "outperform" rating to a "market perform" rating and raised their price objective for the stock from $68.00 to $72.00 in a report on Wednesday, October 2nd.

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.