Esquire Financial (NASDAQ:ESQ) Announces Earnings Results

Esquire Financial (NASDAQ:ESQ) announced its quarterly earnings data on Tuesday. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.23, FiscalAI reports. Esquire Financial had a return on equity of 18.22% and a net margin of 29.30%. The firm had revenue of $61.39 million during the quarter, compared to the consensus estimate of $59.93 million.

Esquire Financial Trading Up 0.2%

Shares of NASDAQ ESQ opened at $123.84 on Tuesday. The stock has a fifty day simple moving average of $118.63 and a two-hundred day simple moving average of $113.99. Esquire Financial has a 1-year low of $92.10 and a 1-year high of $134.82. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 20.44 and a beta of 0.40.

Esquire Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 14th. Esquire Financial’s dividend payout ratio is 13.20%.

Wall Street Analyst Weigh In

ESQ has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Esquire Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, October 12th. Wall Street Zen upgraded shares of Esquire Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Esquire Financial presently has an average rating of “Buy” and a consensus price target of $120.33.

Insider Buying and Selling at Esquire Financial

In other Esquire Financial news, Director Robert Mitzman sold 3,000 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $129.60, for a total value of $388,800.00. Following the sale, the director directly owned 139,679 shares in the company, valued at $18,102,398.40. The trade was a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew Sagliocca sold 10,000 shares of the company’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $122.73, for a total value of $1,227,300.00. Following the transaction, the chief executive officer directly owned 288,798 shares in the company, valued at $35,444,178.54. This represents a 3.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 13.90% of the company’s stock.

Esquire Financial Company Profile

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.