Esquire Financial Holdings, Inc. (ESQ) To Go Ex-Dividend on August 14th

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) announced a quarterly dividend on Thursday, July 30th. Investors of record on Friday, August 14th will be paid a dividend of 0.20 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, August 14th.

Esquire Financial has a payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Esquire Financial to earn $8.70 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 9.2%.

Esquire Financial Trading Down 0.3%

NASDAQ:ESQ opened at $129.22 on Friday. The company has a market capitalization of $1.12 billion, a P/E ratio of 21.32 and a beta of 0.39. The firm has a 50-day moving average price of $116.91 and a two-hundred day moving average price of $111.19. Esquire Financial has a twelve month low of $90.57 and a twelve month high of $134.82.

Esquire Financial (NASDAQ:ESQ) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.04. The company had revenue of $42.13 million for the quarter, compared to the consensus estimate of $41.59 million. Esquire Financial had a net margin of 29.30% and a return on equity of 18.59%. On average, equities research analysts predict that Esquire Financial will post 6.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ESQ shares. Wall Street Zen downgraded Esquire Financial from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Weiss Ratings upgraded Esquire Financial from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $120.33.

About Esquire Financial

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.