Esquire Financial Holdings, Inc. (NASDAQ:ESQ) to Issue Quarterly Dividend of $0.20

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) announced a quarterly dividend on Monday, February 2nd. Stockholders of record on Friday, February 13th will be paid a dividend of 0.20 per share on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, February 13th. This is a 14.3% increase from Esquire Financial’s previous quarterly dividend of $0.18.

Esquire Financial has a payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Esquire Financial to earn $6.02 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 11.6%.

Esquire Financial Stock Up 2.6%

Shares of NASDAQ:ESQ traded up $2.84 during midday trading on Tuesday, reaching $113.32. 12,866 shares of the company were exchanged, compared to its average volume of 89,612. The firm has a market cap of $971.16 million, a PE ratio of 19.32 and a beta of 0.46. Esquire Financial has a fifty-two week low of $68.90 and a fifty-two week high of $134.82. The stock has a fifty day simple moving average of $105.81 and a two-hundred day simple moving average of $101.32.

Esquire Financial (NASDAQ:ESQ) last released its earnings results on Thursday, January 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). Esquire Financial had a return on equity of 18.72% and a net margin of 30.90%.The firm had revenue of $39.40 million for the quarter, compared to the consensus estimate of $31.93 million. As a group, analysts forecast that Esquire Financial will post 5.52 earnings per share for the current year.

About Esquire Financial

Esquire Financial Holdings, Inc is a bank holding company whose principal subsidiary, Esquire Bank, specializes in residential mortgage lending and community banking services. Headquartered in Kansas City, Missouri, the company operates through multiple distribution channels, including retail branches, wholesale and correspondent lending divisions. Esquire Financial focuses on tailored home financing solutions while maintaining a community-oriented approach to banking.

In its mortgage lending business, Esquire Bank originates and services a range of home loan products, including government-insured mortgages (FHA, VA and USDA) as well as conventional conforming and jumbo loans.