Emerald Mutual Fund Advisers Trust Reduces Stock Holdings in Esquire Financial Holdings, Inc. $ESQ

Emerald Mutual Fund Advisers Trust trimmed its holdings in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 19.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,513 shares of the company’s stock after selling 4,455 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.21% of Esquire Financial worth $1,990,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC bought a new position in shares of Esquire Financial during the 4th quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd boosted its stake in Esquire Financial by 247.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 553 shares of the company’s stock worth $56,000 after buying an additional 394 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Esquire Financial by 64.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 690 shares of the company’s stock valued at $70,000 after purchasing an additional 270 shares during the period. Tower Research Capital LLC TRC boosted its position in Esquire Financial by 352.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 810 shares of the company’s stock valued at $77,000 after buying an additional 631 shares during the period. Finally, Advisory Services Network LLC bought a new position in Esquire Financial in the third quarter worth approximately $93,000. Institutional investors own 54.66% of the company’s stock.

Analyst Ratings Changes

ESQ has been the topic of several analyst reports. Wall Street Zen lowered Esquire Financial from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Weiss Ratings lowered Esquire Financial from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $120.33.

Esquire Financial Trading Up 1.3%

Shares of Esquire Financial stock opened at $118.71 on Tuesday. The firm has a market capitalization of $1.03 billion, a PE ratio of 19.95 and a beta of 0.39. The firm’s 50-day moving average price is $112.49 and its 200 day moving average price is $109.42. Esquire Financial Holdings, Inc. has a twelve month low of $90.57 and a twelve month high of $134.82.

Esquire Financial (NASDAQ:ESQ) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.52 by $0.06. Esquire Financial had a return on equity of 18.30% and a net margin of 29.96%.The firm had revenue of $40.46 million during the quarter, compared to analysts’ expectations of $40.76 million. On average, sell-side analysts predict that Esquire Financial Holdings, Inc. will post 6.7 EPS for the current fiscal year.

Esquire Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, May 15th. Esquire Financial’s payout ratio is presently 13.45%.

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.