Esquire Financial Holdings, Inc. Declares Quarterly Dividend of $0.15 (NASDAQ:ESQ)

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.15 per share on Monday, June 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Tuesday, May 14th.

Esquire Financial has a dividend payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Esquire Financial to earn $5.52 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 10.9%.

Esquire Financial Stock Up 3.6 %

Shares of Esquire Financial stock traded up $1.72 during trading hours on Friday, reaching $49.12. 63,068 shares of the stock traded hands, compared to its average volume of 53,569. The company has a 50 day moving average price of $47.81 and a 200 day moving average price of $47.81. The firm has a market capitalization of $407.20 million, a price-to-earnings ratio of 10.56 and a beta of 0.79. Esquire Financial has a one year low of $35.00 and a one year high of $54.80.

Esquire Financial (NASDAQ:ESQ) last released its quarterly earnings results on Thursday, January 25th. The company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.02). The firm had revenue of $28.94 million for the quarter, compared to the consensus estimate of $29.01 million. Esquire Financial had a net margin of 31.50% and a return on equity of 20.73%. Sell-side analysts anticipate that Esquire Financial will post 4.93 earnings per share for the current year.

Analyst Ratings Changes

ESQ has been the subject of a number of recent research reports. Raymond James began coverage on Esquire Financial in a research note on Tuesday, January 16th. They set a “strong-buy” rating and a $60.00 price target for the company. Keefe, Bruyette & Woods increased their target price on shares of Esquire Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, January 26th.

Insider Buying and Selling

In related news, Director Selig Zises sold 12,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $49.84, for a total value of $598,080.00. Following the completion of the sale, the director now directly owns 135,033 shares of the company’s stock, valued at approximately $6,730,044.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.40% of the stock is currently owned by insiders.

Esquire Financial Company Profile

Esquire Financial Holdings, Inc operates as the bank holding company for Esquire Bank, National Association that provides commercial banking products and services to legal industry and small businesses, and commercial and retail customers in the United States. The company offers checking, savings, money market, and time deposits, as well as certificates of deposit.