Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Selig Zises Sells 2,500 Shares

Esquire Financial Holdings, Inc. (NASDAQ:ESQGet Free Report) Director Selig Zises sold 2,500 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $45.89, for a total transaction of $114,725.00. Following the completion of the transaction, the director now directly owns 107,533 shares of the company’s stock, valued at $4,934,689.37. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Selig Zises also recently made the following trade(s):

  • On Wednesday, May 22nd, Selig Zises sold 10,000 shares of Esquire Financial stock. The stock was sold at an average price of $47.76, for a total value of $477,600.00.

Esquire Financial Stock Performance

Shares of ESQ stock traded down $0.18 during trading hours on Tuesday, hitting $45.95. 3,147 shares of the company were exchanged, compared to its average volume of 36,356. The business’s 50-day simple moving average is $47.18 and its two-hundred day simple moving average is $48.21. Esquire Financial Holdings, Inc. has a one year low of $42.52 and a one year high of $54.80. The stock has a market capitalization of $380.93 million, a price-to-earnings ratio of 9.92 and a beta of 0.74.

Esquire Financial (NASDAQ:ESQGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. The business had revenue of $29.25 million during the quarter, compared to the consensus estimate of $29.04 million. Esquire Financial had a return on equity of 20.20% and a net margin of 31.50%. As a group, analysts anticipate that Esquire Financial Holdings, Inc. will post 4.95 EPS for the current fiscal year.

Esquire Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.31%. Esquire Financial’s payout ratio is currently 12.90%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Esquire Financial by 0.3% during the first quarter. Vanguard Group Inc. now owns 368,375 shares of the company’s stock worth $17,487,000 after acquiring an additional 966 shares during the last quarter. Grandeur Peak Global Advisors LLC grew its position in Esquire Financial by 50.0% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 85,695 shares of the company’s stock worth $4,068,000 after purchasing an additional 28,569 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Esquire Financial by 4.4% in the first quarter. Russell Investments Group Ltd. now owns 60,745 shares of the company’s stock valued at $2,884,000 after purchasing an additional 2,581 shares during the period. Los Angeles Capital Management LLC raised its holdings in shares of Esquire Financial by 26.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 54,804 shares of the company’s stock valued at $2,738,000 after buying an additional 11,370 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new position in shares of Esquire Financial during the first quarter worth approximately $1,899,000. 54.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their target price on Esquire Financial from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, April 29th.

Check Out Our Latest Analysis on ESQ

Esquire Financial Company Profile

(Get Free Report)

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.

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