Assenagon Asset Management S.A. Purchases 16,007 Shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Assenagon Asset Management S.A. boosted its holdings in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ - Free Report) by 79.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,058 shares of the company's stock after purchasing an additional 16,007 shares during the quarter. Assenagon Asset Management S.A. owned about 0.43% of Esquire Financial worth $2,351,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Esquire Financial during the 1st quarter worth approximately $42,000. GSA Capital Partners LLP lifted its position in Esquire Financial by 10.6% during the first quarter. GSA Capital Partners LLP now owns 11,066 shares of the company's stock valued at $525,000 after purchasing an additional 1,065 shares during the last quarter. Rosenthal Henry Capital Advisors Inc. purchased a new position in shares of Esquire Financial in the 1st quarter worth $1,899,000. Russell Investments Group Ltd. increased its holdings in shares of Esquire Financial by 4.4% in the 1st quarter. Russell Investments Group Ltd. now owns 60,745 shares of the company's stock worth $2,884,000 after buying an additional 2,581 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Esquire Financial by 0.3% in 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. 54.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ESQ has been the topic of several analyst reports. Keefe, Bruyette & Woods cut Esquire Financial from an "outperform" rating to a "market perform" rating and boosted their price objective for the stock from $68.00 to $72.00 in a research note on Wednesday, October 2nd. Piper Sandler restated an "overweight" rating and set a $75.00 price target (up previously from $72.00) on shares of Esquire Financial in a report on Friday, October 25th.

Esquire Financial Stock Performance

NASDAQ ESQ traded down $0.09 during trading on Friday, hitting $66.49. The stock had a trading volume of 15,852 shares, compared to its average volume of 33,620. The stock has a market capitalization of $552.53 million, a price-to-earnings ratio of 13.40 and a beta of 0.70. The stock has a 50 day simple moving average of $62.66 and a 200 day simple moving average of $54.53. Esquire Financial Holdings, Inc. has a one year low of $44.45 and a one year high of $69.00.

Esquire Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, November 15th. Esquire Financial's dividend payout ratio (DPR) is presently 12.07%.

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.