Sandler O’Neill Downgrades Esquire Financial (ESQ) to Hold
Esquire Financial (NASDAQ:ESQ) was downgraded by Sandler O’Neill from a “buy” rating to a “hold” rating in a research report issued on Tuesday. They presently have a $22.00 price target on the stock. Sandler O’Neill’s price target would suggest a potential upside of 8.27% from the company’s previous close.
Esquire Financial (NASDAQ ESQ) opened at $20.32 on Tuesday. Esquire Financial has a 52-week low of $14.51 and a 52-week high of $23.18.
Esquire Financial (NASDAQ:ESQ) last announced its earnings results on Wednesday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.16. The firm had revenue of $6.57 million for the quarter. Esquire Financial had a net margin of 15.41% and a return on equity of 5.39%.
A number of institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. bought a new position in shares of Esquire Financial during the second quarter valued at $177,000. Citadel Advisors LLC bought a new position in shares of Esquire Financial during the second quarter valued at $195,000. Bank of New York Mellon Corp bought a new position in shares of Esquire Financial during the third quarter valued at $269,000. Susquehanna International Group LLP bought a new position in Esquire Financial during the second quarter worth $314,000. Finally, ELCO Management Co. LLC bought a new position in Esquire Financial during the second quarter worth $599,000. Hedge funds and other institutional investors own 35.77% of the company’s stock.
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Esquire Financial Company Profile
Esquire Financial Holdings, Inc is a bank holding company. The Company operates through its wholly owned bank subsidiary, Esquire Bank, National Association (the Bank). The Bank is a full service commercial bank engaged in serving the financial needs of the legal and small business communities on a national basis, as well as commercial and retail customers in the New York metropolitan market.
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