Esquire Financial (NASDAQ:ESQ) Sees Strong Trading Volume – Should You Buy?

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) shares saw strong trading volume on Thursday . 70,880 shares were traded during trading, a decline of 31% from the previous session’s volume of 103,464 shares.The stock last traded at $121.4820 and had previously closed at $119.50.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Esquire Financial from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings upgraded Esquire Financial from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Esquire Financial has an average rating of “Buy” and a consensus price target of $120.33.

Esquire Financial Stock Performance

The company has a market capitalization of $1.06 billion, a PE ratio of 20.72 and a beta of 0.39. The company has a 50 day moving average price of $113.61 and a 200 day moving average price of $109.85.

Esquire Financial (NASDAQ:ESQ) last released its earnings results on Thursday, April 23rd. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.06. The firm had revenue of $40.46 million during the quarter, compared to analyst estimates of $40.76 million. Esquire Financial had a net margin of 29.96% and a return on equity of 18.30%. On average, equities analysts forecast that Esquire Financial Holdings, Inc. will post 6.7 earnings per share for the current fiscal year.

Esquire Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, May 15th. Esquire Financial’s dividend payout ratio is currently 13.45%.

Hedge Funds Weigh In On Esquire Financial

Several hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC purchased a new stake in shares of Esquire Financial in the fourth quarter valued at $33,000. Caitong International Asset Management Co. Ltd boosted its holdings in Esquire Financial by 247.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 553 shares of the company’s stock worth $56,000 after purchasing an additional 394 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Esquire Financial by 64.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 690 shares of the company’s stock worth $70,000 after acquiring an additional 270 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings 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 purchasing an additional 631 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Esquire Financial in the 3rd quarter valued at $93,000. Institutional investors and hedge funds own 54.66% of the company’s stock.

Esquire Financial Company Profile

Esquire Financial Holdings, Inc is a bank holding company whose principal subsidiary, Esquire Bank, specializes in residential mortgage lending and community banking services. Headquartered in Kansas City, Missouri, the company operates through multiple distribution channels, including retail branches, wholesale and correspondent lending divisions. Esquire Financial focuses on tailored home financing solutions while maintaining a community-oriented approach to banking.

In its mortgage lending business, Esquire Bank originates and services a range of home loan products, including government-insured mortgages (FHA, VA and USDA) as well as conventional conforming and jumbo loans.