8,154 Shares in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,154 shares of the company's stock, valued at approximately $401,000. Sanctuary Advisors LLC owned about 0.10% of Esquire Financial as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Acadian Asset Management LLC raised its position in shares of Esquire Financial by 1.2% in the 1st 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 during the last quarter. Rhumbline Advisers raised its position in shares of Esquire Financial by 4.1% in the 2nd quarter. Rhumbline Advisers now owns 11,236 shares of the company's stock valued at $535,000 after purchasing an additional 439 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Esquire Financial during the 1st quarter worth approximately $42,000. Vanguard Group Inc. raised its position in Esquire Financial by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 368,375 shares of the company's stock worth $17,487,000 after buying an additional 966 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in Esquire Financial by 10.6% during the 1st quarter. GSA Capital Partners LLP now owns 11,066 shares of the company's stock worth $525,000 after buying an additional 1,065 shares during the last quarter. 54.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lowered shares of Esquire Financial from an "outperform" rating to a "market perform" rating and raised their price target for the stock from $68.00 to $72.00 in a research report on Wednesday, October 2nd.

Esquire Financial Price Performance

ESQ traded down $1.10 during trading on Friday, reaching $66.45. 13,721 shares of the company's stock were exchanged, compared to its average volume of 34,179. Esquire Financial Holdings, Inc. has a 1 year low of $43.24 and a 1 year high of $67.78. The stock has a market capitalization of $551.07 million, a P/E ratio of 14.29 and a beta of 0.70. The company's fifty day simple moving average is $61.33 and its 200-day simple moving average is $53.42.

Esquire Financial (NASDAQ:ESQ - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.04. The company had revenue of $33.66 million during the quarter, compared to analyst estimates of $29.99 million. Esquire Financial had a net margin of 31.36% and a return on equity of 19.92%. Equities analysts forecast that Esquire Financial Holdings, Inc. will post 5.14 EPS for the current year.

Esquire Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. Esquire Financial's payout ratio is 12.90%.

Esquire Financial 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.