Esquire Financial (NASDAQ:ESQ) Sets New 52-Week High – Here’s What Happened

Esquire Financial Holdings, Inc. (NASDAQ:ESQ)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $108.77 and last traded at $108.8390, with a volume of 39256 shares. The stock had previously closed at $105.83.

Analysts Set New Price Targets

Several equities research analysts have commented on ESQ shares. Weiss Ratings restated a “buy (b+)” rating on shares of Esquire Financial in a research report on Monday. Wall Street Zen downgraded shares of Esquire Financial from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. Finally, Piper Sandler increased their target price on shares of Esquire Financial from $113.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $113.00.

Esquire Financial Stock Up 2.5%

The firm’s 50 day moving average is $100.56 and its 200-day moving average is $98.35. The firm has a market cap of $929.85 million, a PE ratio of 19.04 and a beta of 0.42.

Esquire Financial (NASDAQ:ESQ) last released its earnings results on Thursday, October 23rd. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.01. The firm had revenue of $37.57 million for the quarter, compared to the consensus estimate of $30.21 million. Esquire Financial had a return on equity of 18.55% and a net margin of 31.26%. On average, analysts forecast that Esquire Financial Holdings, Inc. will post 5.52 earnings per share for the current year.

Esquire Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were issued a $0.175 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.70 annualized dividend and a yield of 0.6%. Esquire Financial’s dividend payout ratio (DPR) is presently 12.28%.

Hedge Funds Weigh In On Esquire Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Esquire Financial by 3.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,178 shares of the company’s stock valued at $315,000 after purchasing an additional 156 shares during the period. Cetera Investment Advisers raised its stake in shares of Esquire Financial by 1.9% during the second quarter. Cetera Investment Advisers now owns 10,270 shares of the company’s stock valued at $972,000 after purchasing an additional 196 shares during the period. Gator Capital Management LLC boosted its stake in shares of Esquire Financial by 0.3% in the third quarter. Gator Capital Management LLC now owns 93,356 shares of the company’s stock valued at $9,527,000 after purchasing an additional 295 shares during the period. Rhumbline Advisers grew its holdings in Esquire Financial by 2.8% during the 2nd quarter. Rhumbline Advisers now owns 11,937 shares of the company’s stock valued at $1,130,000 after purchasing an additional 329 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in Esquire Financial in the 3rd quarter worth $34,000. 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.