Esquire Financial (NASDAQ:ESQ) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Esquire Financial (NASDAQ:ESQGet Free Report) issued its earnings results on Thursday. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01), Zacks reports. Esquire Financial had a net margin of 31.38% and a return on equity of 19.53%.

Esquire Financial Stock Performance

ESQ stock opened at $87.20 on Thursday. The business has a 50-day simple moving average of $78.90 and a two-hundred day simple moving average of $67.35. The company has a market capitalization of $725.50 million, a P/E ratio of 17.55 and a beta of 0.73. Esquire Financial has a 52-week low of $44.45 and a 52-week high of $90.00.

Esquire Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, November 15th. Esquire Financial’s payout ratio is presently 12.07%.

Insider Activity

In related news, Director Joseph Melohn sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.15, for a total transaction of $237,450.00. Following the transaction, the director now directly owns 3,683 shares in the company, valued at approximately $291,509.45. The trade was a 44.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Selig Zises sold 8,000 shares of Esquire Financial stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $76.77, for a total transaction of $614,160.00. Following the transaction, the director now directly owns 62,601 shares in the company, valued at approximately $4,805,878.77. This represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Piper Sandler reissued an “overweight” rating and set a $75.00 target price (up from $72.00) on shares of Esquire Financial in a report on Friday, October 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Esquire Financial from $72.00 to $80.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Read Our Latest Research Report on Esquire Financial

Esquire Financial Company Profile

(Get Free Report)

Esquire Financial Holdings, Inc operates as the bank holding company for Esquire Bank, National Association that provides commercial banking products and services to legal industry and small businesses, and commercial and retail customers in the United States. The company offers checking, savings, money market, and time deposits, as well as certificates of deposit.

Further Reading

Earnings History for Esquire Financial (NASDAQ:ESQ)

Receive News & Ratings for Esquire Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esquire Financial and related companies with MarketBeat.com's FREE daily email newsletter.