7,136 Shares in Esquire Financial Holdings, Inc. $ESQ Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new stake in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,136 shares of the company’s stock, valued at approximately $851,000.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in Esquire Financial by 215.3% during the first quarter. Royal Bank of Canada now owns 81,087 shares of the company’s stock worth $6,113,000 after acquiring an additional 55,367 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Esquire Financial by 69.5% during the first quarter. AQR Capital Management LLC now owns 12,367 shares of the company’s stock valued at $932,000 after acquiring an additional 5,071 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Esquire Financial by 3.9% in the 1st 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 in the last quarter. Creative Planning boosted its stake in shares of Esquire Financial by 54.2% in the 2nd quarter. Creative Planning now owns 4,676 shares of the company’s stock valued at $443,000 after purchasing an additional 1,643 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Esquire Financial by 9.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,684 shares of the company’s stock worth $538,000 after purchasing an additional 499 shares during the last quarter. 54.66% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Robert Mitzman sold 3,000 shares of Esquire Financial stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $129.60, for a total value of $388,800.00. Following the completion of the transaction, the director directly owned 139,679 shares of the company’s stock, valued at $18,102,398.40. The trade was a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 13.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ESQ shares. Wall Street Zen upgraded shares of Esquire Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings lowered shares of Esquire Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $120.33.

Esquire Financial Price Performance

NASDAQ ESQ opened at $111.56 on Wednesday. The firm has a market cap of $1.35 billion, a PE ratio of 18.41 and a beta of 0.36. Esquire Financial Holdings, Inc. has a one year low of $92.10 and a one year high of $134.82. The stock’s 50 day simple moving average is $121.66 and its 200 day simple moving average is $113.17.

Esquire Financial (NASDAQ:ESQ) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.04. Esquire Financial had a return on equity of 18.22% and a net margin of 29.30%.The firm had revenue of $42.13 million during the quarter, compared to the consensus estimate of $41.59 million. As a group, equities analysts expect that Esquire Financial Holdings, Inc. will post 6.9 earnings per share for the current year.

Esquire Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were paid a $0.20 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.7%. Esquire Financial’s dividend payout ratio (DPR) is 13.20%.

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.