Esquire Financial (NASDAQ:ESQ) Stock: Insider Anthony Coelho Sells 11,600 Shares

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Anthony Coelho sold 11,600 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $127.00, for a total value of $1,473,200.00. Following the transaction, the director directly owned 55,765 shares in the company, valued at approximately $7,082,155. This trade represents a 17.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Esquire Financial Stock Down 0.6%

NASDAQ:ESQ opened at $123.61 on Wednesday. Esquire Financial Holdings, Inc. has a 12-month low of $92.96 and a 12-month high of $134.82. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 20.57 and a beta of 0.36. The stock’s 50 day moving average price is $119.70 and its two-hundred day moving average price is $114.58.

Esquire Financial (NASDAQ:ESQ) last issued its earnings results on Tuesday, October 27th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.89 by $0.23. The company had revenue of $61.39 million during the quarter, compared to the consensus estimate of $59.93 million. Esquire Financial had a return on equity of 21.49% and a net margin of 26.92%. Equities research analysts expect that Esquire Financial Holdings, Inc. will post 7.49 EPS for the current year.

Esquire Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.80 annualized dividend and a yield of 0.6%. Esquire Financial’s dividend payout ratio (DPR) is currently 13.31%.

Institutional Trading of Esquire Financial

Several hedge funds and other institutional investors have recently bought and sold shares of ESQ. Sterling Capital Management LLC grew its position in shares of Esquire Financial by 861.5% during the 3rd quarter. Sterling Capital Management LLC now owns 250 shares of the company’s stock worth $29,000 after purchasing an additional 224 shares in the last quarter. Provenance Wealth Advisors LLC bought a new position in shares of Esquire Financial during the third quarter worth approximately $29,000. Global Retirement Partners LLC bought a new position in shares of Esquire Financial during the second quarter worth approximately $39,000. Fortitude Family Office LLC acquired a new stake in shares of Esquire Financial in the third quarter valued at approximately $93,000. Finally, Parallel Advisors LLC raised its position in shares of Esquire Financial by 845.3% in the third quarter. Parallel Advisors LLC now owns 1,002 shares of the company’s stock valued at $117,000 after buying an additional 896 shares in the last quarter. Institutional investors and hedge funds own 54.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ESQ. Weiss Ratings raised shares of Esquire Financial from a “buy (a-)” rating to a “buy (a)” rating in a research report on Tuesday, October 27th. Wall Street Zen raised shares of Esquire Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Esquire Financial in a research note on Thursday, October 29th. Finally, Zacks Research upgraded shares of Esquire Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Esquire Financial has a consensus rating of “Strong Buy” and a consensus price target of $122.50.

About Esquire Financial

Esquire Financial Holdings, Inc is the bank holding company for Esquire Bank, a federally chartered community bank headquartered in Jericho, New York. Esquire Bank primarily serves law firms, attorneys, and other professional-service businesses, as well as small and middle-market companies, entrepreneurs, and individuals.

The bank provides commercial banking products and services that include business checking and savings accounts, commercial loans, lines of credit, commercial real estate financing, construction lending, and small business lending.