Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Announces Quarterly Dividend of $0.20

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.20 per share on Tuesday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, November 13th.

Esquire Financial has a dividend payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Esquire Financial to earn $8.65 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 Stock Down 0.9%

Shares of NASDAQ ESQ opened at $127.70 on Friday. The company has a market cap of $1.55 billion, a P/E ratio of 21.25 and a beta of 0.40. Esquire Financial has a 52 week low of $92.10 and a 52 week high of $134.82. The business has a 50-day simple moving average of $119.11 and a two-hundred day simple moving average of $114.29.

Esquire Financial (NASDAQ:ESQ) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.23. Esquire Financial had a return on equity of 21.49% and a net margin of 26.92%. The firm had revenue of $61.39 million during the quarter, compared to analysts’ expectations of $59.93 million. Equities research analysts anticipate that Esquire Financial will post 7.49 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ESQ shares. Weiss Ratings upgraded shares of Esquire Financial from a “buy (a-)” rating to a “buy (a)” rating in a report on Tuesday. Zacks Research raised shares of Esquire Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Esquire Financial in a report on Thursday. Finally, Wall Street Zen raised shares of Esquire Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Three analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and an average target price of $122.50.

Esquire Financial Company Profile

Esquire Financial Holdings, Inc is the bank holding company for Esquire Bank, a federally chartered community bank headquartered in Jericho, New York. Esquire Bank primarily serves law firms, attorneys, and other professional-service businesses, as well as small and middle-market companies, entrepreneurs, and individuals.

The bank provides commercial banking products and services that include business checking and savings accounts, commercial loans, lines of credit, commercial real estate financing, construction lending, and small business lending.