Esquire Financial (NASDAQ:ESQ) Raised to “Hold” at Wall Street Zen

Esquire Financial (NASDAQ:ESQ) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Friday.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Esquire Financial in a research report on Monday, December 22nd. Keefe, Bruyette & Woods boosted their price target on shares of Esquire Financial from $115.00 to $120.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Piper Sandler upped their price objective on shares of Esquire Financial from $113.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Esquire Financial presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Esquire Financial Trading Down 2.0%

Esquire Financial stock traded down $2.26 during mid-day trading on Friday, hitting $108.17. The company’s stock had a trading volume of 88,749 shares, compared to its average volume of 46,787. The stock’s fifty day moving average is $104.50 and its two-hundred day moving average is $100.86. The firm has a market capitalization of $927.02 million, a PE ratio of 18.40 and a beta of 0.43. Esquire Financial has a 1 year low of $68.90 and a 1 year high of $134.82.

Esquire Financial (NASDAQ:ESQ) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The business had revenue of $6.12 million during the quarter, compared to analyst estimates of $31.93 million. Esquire Financial had a net margin of 30.90% and a return on equity of 18.72%. On average, equities analysts expect that Esquire Financial will post 5.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new stake in Esquire Financial during the 3rd quarter worth approximately $34,000. Tower Research Capital LLC TRC increased its position in shares of Esquire Financial by 352.5% during the second quarter. Tower Research Capital LLC TRC now owns 810 shares of the company’s stock worth $77,000 after acquiring an additional 631 shares during the period. Advisory Services Network LLC purchased a new position in Esquire Financial in the third quarter valued at $93,000. Comerica Bank boosted its holdings in Esquire Financial by 50.2% in the third quarter. Comerica Bank now owns 1,289 shares of the company’s stock valued at $132,000 after purchasing an additional 431 shares during the period. Finally, USA Financial Formulas grew its stake in Esquire Financial by 99.7% during the 2nd quarter. USA Financial Formulas now owns 1,338 shares of the company’s stock worth $127,000 after purchasing an additional 668 shares in the last quarter. Institutional investors and hedge funds own 54.66% of the company’s stock.

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.