Esquire Financial (NASDAQ:ESQ) PT Raised to $61.00

Esquire Financial (NASDAQ:ESQ) had its target price lifted by equities researchers at Piper Sandler from $60.00 to $61.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target points to a potential upside of 24.19% from the company’s previous close.

Several other research analysts also recently issued reports on ESQ. Raymond James initiated coverage on shares of Esquire Financial in a report on Tuesday, January 16th. They set a “strong-buy” rating and a $60.00 price target for the company. Keefe, Bruyette & Woods boosted their price objective on Esquire Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th.

Esquire Financial Stock Up 3.6 %

NASDAQ:ESQ opened at $49.12 on Monday. The firm has a market capitalization of $407.20 million, a PE ratio of 10.56 and a beta of 0.79. Esquire Financial has a twelve month low of $35.00 and a twelve month high of $54.80. The stock’s 50-day simple moving average is $47.79 and its 200 day simple moving average is $47.83.

Esquire Financial (NASDAQ:ESQ) last announced its quarterly earnings results on Thursday, January 25th. The company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.02). The company 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%. On average, analysts anticipate that Esquire Financial will post 4.93 EPS for the current fiscal year.

Insider Transactions at Esquire Financial

In related news, Director Selig Zises sold 12,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $49.84, for a total transaction of $598,080.00. Following the completion of the transaction, the director now directly owns 135,033 shares of the company’s stock, valued at approximately $6,730,044.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 18.90% of the stock is owned by company insiders.

Institutional Trading of Esquire Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. EAM Investors LLC bought a new position in shares of Esquire Financial in the 3rd quarter worth about $1,328,000. Los Angeles Capital Management LLC grew its stake in Esquire Financial by 26.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 54,804 shares of the company’s stock worth $2,738,000 after purchasing an additional 11,370 shares during the period. Corient Private Wealth LLC grew its stake in Esquire Financial by 156.2% during the fourth quarter. Corient Private Wealth LLC now owns 17,052 shares of the company’s stock worth $852,000 after purchasing an additional 10,397 shares during the period. Quadrature Capital Ltd increased its holdings in Esquire Financial by 45.7% in the fourth quarter. Quadrature Capital Ltd now owns 30,136 shares of the company’s stock worth $1,505,000 after purchasing an additional 9,459 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Esquire Financial by 96.7% in the fourth quarter. BNP Paribas Financial Markets now owns 11,609 shares of the company’s stock valued at $580,000 after buying an additional 5,706 shares during the period. Institutional investors and hedge funds own 54.66% of the company’s stock.

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.