Esquire Financial (NASDAQ:ESQ) Sees Large Volume Increase – What’s Next?

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) shares saw unusually-high trading volume on Monday . Approximately 61,403 shares traded hands during mid-day trading, a decline of 9% from the previous session’s volume of 67,821 shares.The stock last traded at $107.78 and had previously closed at $107.03.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Esquire Financial in a research report on Monday. Wall Street Zen downgraded Esquire Financial from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. Finally, Piper Sandler boosted their target price on shares of Esquire Financial from $113.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Esquire Financial currently has an average rating of “Moderate Buy” and a consensus target price of $113.00.

Esquire Financial Trading Up 0.3%

The firm has a 50-day moving average of $100.52 and a two-hundred day moving average of $98.30. The firm has a market capitalization of $918.62 million, a P/E ratio of 18.81 and a beta of 0.42.

Esquire Financial (NASDAQ:ESQ) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.01. The business had revenue of $37.57 million for the quarter, compared to analyst estimates of $30.21 million. Esquire Financial had a return on equity of 18.55% and a net margin of 31.26%. On average, sell-side analysts anticipate that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current fiscal year.

Esquire Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.7%. Esquire Financial’s dividend payout ratio is 12.28%.

Hedge Funds Weigh In On Esquire Financial

A number of institutional investors have recently modified their holdings of ESQ. State of Alaska Department of Revenue bought a new position in shares of Esquire Financial during the third quarter valued at about $34,000. Tower Research Capital LLC TRC grew its stake in Esquire Financial by 352.5% during the second quarter. Tower Research Capital LLC TRC now owns 810 shares of the company’s stock valued at $77,000 after acquiring an additional 631 shares in the last quarter. Advisory Services Network LLC purchased a new position in Esquire Financial in the third quarter worth $93,000. USA Financial Formulas grew its position in Esquire Financial by 99.7% during the second quarter. USA Financial Formulas now owns 1,338 shares of the company’s stock valued at $127,000 after acquiring an additional 668 shares during the last quarter. Finally, Comerica Bank raised its position in Esquire Financial by 50.2% in the 3rd quarter. Comerica Bank now owns 1,289 shares of the company’s stock worth $132,000 after purchasing an additional 431 shares during the period. 54.66% of the stock is owned by institutional investors and hedge funds.

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.