Dimensional Fund Advisors LP Acquires 4,825 Shares of Esquire Financial Holdings, Inc. $ESQ

Dimensional Fund Advisors LP grew its holdings in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 2.5% during the first quarter, HoldingsChannel.com reports. The firm owned 200,807 shares of the company’s stock after acquiring an additional 4,825 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Esquire Financial were worth $21,586,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ESQ. Global Retirement Partners LLC acquired a new stake in shares of Esquire Financial in the fourth quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd grew its position 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 in the last quarter. Steward Partners Investment Advisory LLC grew its position in Esquire Financial by 64.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 690 shares of the company’s stock worth $70,000 after buying an additional 270 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Esquire Financial by 352.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 810 shares of the company’s stock worth $77,000 after acquiring an additional 631 shares during the period. Finally, Advisory Services Network LLC bought a new position in Esquire Financial during the 3rd quarter worth $93,000. 54.66% of the stock is owned by institutional investors.

Esquire Financial Trading Down 0.7%

Shares of Esquire Financial stock opened at $131.32 on Friday. The company has a market cap of $1.13 billion, a PE ratio of 21.67 and a beta of 0.38. The company has a 50 day moving average of $118.51 and a 200-day moving average of $111.93. Esquire Financial Holdings, Inc. has a 1-year low of $91.64 and a 1-year high of $134.82.

Esquire Financial (NASDAQ:ESQ) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.04. Esquire Financial had a net margin of 29.30% and a return on equity of 18.59%. The business had revenue of $42.13 million for the quarter, compared to analysts’ expectations of $41.59 million. Research analysts forecast that Esquire Financial Holdings, Inc. will post 6.9 earnings per share for the current year.

Esquire Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a $0.20 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. Esquire Financial’s dividend payout ratio (DPR) is presently 13.20%.

Analysts Set New Price Targets

ESQ has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Esquire Financial from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Weiss Ratings cut Esquire Financial from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $120.33.

Insider Activity

In other news, Director Robert Mitzman sold 3,000 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $129.60, for a total transaction of $388,800.00. Following the completion of the transaction, the director owned 139,679 shares of the company’s stock, valued at approximately $18,102,398.40. The trade was a 2.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.90% of the company’s stock.

Esquire Financial 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.