Esquire Financial Holdings, Inc. (ESQ) to Distribute Quarterly Dividend of $0.20 on September 1st

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.20 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, August 14th.

Esquire Financial has a dividend payout ratio of 13.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Esquire Financial to earn $8.70 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 9.2%.

Esquire Financial Stock Up 3.0%

Shares of Esquire Financial stock opened at $132.92 on Wednesday. The stock’s 50-day simple moving average is $119.81 and its 200-day simple moving average is $112.43. Esquire Financial has a 52 week low of $92.10 and a 52 week high of $134.82. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 21.93 and a beta of 0.38.

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

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.