Robert Mitzman Sells 3,000 Shares of Esquire Financial (NASDAQ:ESQ) Stock

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Robert Mitzman sold 3,000 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $129.60, for a total value of $388,800.00. Following the transaction, the director owned 139,679 shares in the company, valued at approximately $18,102,398.40. This trade represents a 2.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Esquire Financial Stock Performance

ESQ opened at $130.31 on Wednesday. Esquire Financial Holdings, Inc. has a 52-week low of $91.64 and a 52-week high of $134.82. The firm has a market cap of $1.13 billion, a P/E ratio of 21.50 and a beta of 0.38. The business’s fifty day moving average is $117.63 and its 200-day moving average is $111.58.

Esquire Financial (NASDAQ:ESQ) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.04. The business had revenue of $42.13 million during the quarter, compared to analysts’ expectations of $41.59 million. Esquire Financial had a net margin of 29.30% and a return on equity of 18.59%. On average, research analysts predict that Esquire Financial Holdings, Inc. will post 6.9 earnings per share for the current fiscal year.

Esquire Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, August 14th. This represents a $0.80 annualized dividend and a yield of 0.6%. Esquire Financial’s dividend payout ratio is presently 13.20%.

Hedge Funds Weigh In On Esquire Financial

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Esquire Financial by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 450,577 shares of the company’s stock valued at $45,990,000 after purchasing an additional 11,699 shares during the period. Mawer Investment Management Ltd. lifted its holdings in Esquire Financial by 3.1% in the fourth quarter. Mawer Investment Management Ltd. now owns 800,465 shares of the company’s stock valued at $81,703,000 after buying an additional 23,692 shares during the period. Copeland Capital Management LLC grew its stake in Esquire Financial by 11.6% during the fourth quarter. Copeland Capital Management LLC now owns 265,550 shares of the company’s stock worth $27,105,000 after purchasing an additional 27,528 shares during the period. Langdon Equity Partners acquired a new stake in Esquire Financial during the fourth quarter worth approximately $14,609,000. Finally, GW&K Investment Management LLC increased its holdings in Esquire Financial by 6.5% in the fourth quarter. GW&K Investment Management LLC now owns 199,909 shares of the company’s stock worth $20,405,000 after purchasing an additional 12,242 shares in the last quarter. Institutional investors and hedge funds own 54.66% of the company’s stock.

Analyst Upgrades and Downgrades

ESQ has been the subject of several recent analyst reports. Weiss Ratings downgraded Esquire Financial from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday. Wall Street Zen cut shares of Esquire Financial from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $120.33.

Esquire Financial Company Profile

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.