Esquire Financial (NASDAQ:ESQ) Price Target Raised to $120.00

Esquire Financial (NASDAQ:ESQ) had its target price increased by Keefe, Bruyette & Woods from $115.00 to $120.00 in a report published on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

ESQ has been the topic of several other research reports. Piper Sandler boosted their price objective on shares of Esquire Financial from $113.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Wall Street Zen downgraded Esquire Financial from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Esquire Financial in a research report on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Esquire Financial Price Performance

Esquire Financial stock opened at $108.17 on Friday. The business has a 50 day moving average of $104.50 and a 200-day moving average of $100.86. Esquire Financial has a 1 year low of $68.90 and a 1 year high of $134.82. The company has a market capitalization of $927.02 million, a P/E ratio of 18.40 and a beta of 0.43.

Esquire Financial (NASDAQ:ESQ) last posted its 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). Esquire Financial had a return on equity of 18.72% and a net margin of 30.90%.The business had revenue of $6.12 million for the quarter, compared to analyst estimates of $31.93 million. Equities analysts anticipate that Esquire Financial will post 5.52 EPS for the current year.

Esquire Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were given a $0.175 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.6%. Esquire Financial’s dividend payout ratio (DPR) is 11.90%.

Institutional Investors Weigh In On Esquire Financial

Several large investors have recently added to or reduced their stakes in ESQ. Royal Bank of Canada raised its holdings 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 buying an additional 55,367 shares during the last quarter. AQR Capital Management LLC increased its position 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 worth $932,000 after acquiring an additional 5,071 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Esquire Financial by 3.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,178 shares of the company’s stock worth $315,000 after acquiring an additional 156 shares in the last quarter. USA Financial Formulas raised its holdings in shares of Esquire Financial by 99.7% in the 2nd quarter. USA Financial Formulas now owns 1,338 shares of the company’s stock worth $127,000 after acquiring an additional 668 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its position in Esquire Financial by 40,107.1% in the 2nd quarter. Copeland Capital Management LLC now owns 244,861 shares of the company’s stock valued at $23,179,000 after acquiring an additional 244,252 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.