Esquire Financial Holdings, Inc. $ESQ Stock Holdings Lessened by Persistent Asset Partners Ltd

Persistent Asset Partners Ltd lessened its holdings in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 44.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,656 shares of the company’s stock after selling 1,352 shares during the quarter. Persistent Asset Partners Ltd’s holdings in Esquire Financial were worth $157,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 acquiring an additional 156 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Esquire Financial by 1.9% in the 2nd quarter. Cetera Investment Advisers now owns 10,270 shares of the company’s stock worth $972,000 after purchasing an additional 196 shares during the last quarter. Rhumbline Advisers boosted its position in Esquire Financial by 3.7% during the 1st quarter. Rhumbline Advisers now owns 11,608 shares of the company’s stock valued at $875,000 after purchasing an additional 409 shares during the period. XTX Topco Ltd grew its stake in Esquire Financial by 15.1% during the 1st quarter. XTX Topco Ltd now owns 3,295 shares of the company’s stock worth $248,000 after buying an additional 433 shares during the last quarter. Finally, Jump Financial LLC increased its position in Esquire Financial by 17.7% in the first quarter. Jump Financial LLC now owns 3,059 shares of the company’s stock worth $231,000 after buying an additional 459 shares during the period. Institutional investors and hedge funds own 54.66% of the company’s stock.

Insider Buying and Selling

In other Esquire Financial news, Director Joseph Melohn sold 1,326 shares of Esquire Financial stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $100.00, for a total value of $132,600.00. Following the transaction, the director owned 136,531 shares in the company, valued at approximately $13,653,100. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Selig Zises sold 17,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $99.71, for a total value of $1,695,070.00. Following the completion of the transaction, the director directly owned 21,001 shares in the company, valued at $2,094,009.71. This represents a 44.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,326 shares of company stock valued at $2,926,570 over the last 90 days. 18.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ESQ has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Esquire Financial in a report on Wednesday, October 8th. Piper Sandler boosted their target price on shares of Esquire Financial from $113.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $110.00 target price (up previously from $102.00) on shares of Esquire Financial in a research report on Friday, July 25th. Finally, Wall Street Zen raised Esquire Financial from a “sell” rating to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Esquire Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.00.

Esquire Financial Stock Up 0.4%

Shares of Esquire Financial stock opened at $97.87 on Friday. The business has a fifty day simple moving average of $100.00 and a 200-day simple moving average of $96.15. Esquire Financial Holdings, Inc. has a fifty-two week low of $68.90 and a fifty-two week high of $107.25. The firm has a market cap of $838.35 million, a price-to-earnings ratio of 17.17 and a beta of 0.53.

Esquire Financial (NASDAQ:ESQ) last released its earnings results on Thursday, October 23rd. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.01. Esquire Financial had a return on equity of 19.08% and a net margin of 31.26%.The firm had revenue of $37.57 million for the quarter, compared to analyst estimates of $30.21 million. Analysts anticipate that Esquire Financial Holdings, Inc. will post 5.52 earnings per share for the current fiscal year.

Esquire Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.70 annualized dividend and a yield of 0.7%. Esquire Financial’s dividend payout ratio is currently 12.28%.

Esquire Financial 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.