Esquire Financial (NASDAQ:ESQ) Hits New 52-Week High – Here’s Why
by Renee Jackson · The Cerbat GemShares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $110.74 and last traded at $110.32, with a volume of 26303 shares. The stock had previously closed at $108.44.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Piper Sandler upped their price target on Esquire Financial from $113.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Wall Street Zen cut shares of Esquire Financial from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Esquire Financial in a report on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Esquire Financial presently has a consensus rating of “Moderate Buy” and an average target price of $113.00.
Read Our Latest Analysis on Esquire Financial
Esquire Financial Trading Up 2.4%
The stock’s 50 day moving average is $101.84 and its two-hundred day moving average is $99.91. The stock has a market cap of $951.72 million, a price-to-earnings ratio of 19.47 and a beta of 0.43.
Esquire Financial (NASDAQ:ESQ – Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.01. Esquire Financial had a return on equity of 18.55% and a net margin of 31.26%.The firm had revenue of $37.57 million for the quarter, compared to analyst estimates of $30.21 million. On average, sell-side analysts predict that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current year.
Esquire Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were issued a $0.175 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.70 annualized dividend and a yield of 0.6%. Esquire Financial’s dividend payout ratio (DPR) is presently 12.28%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of Esquire Financial by 48.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,466 shares of the company’s stock valued at $864,000 after acquiring an additional 2,782 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Esquire Financial during the third quarter valued at about $93,000. Wasatch Advisors LP lifted its stake in shares of Esquire Financial by 0.5% in the 3rd quarter. Wasatch Advisors LP now owns 368,064 shares of the company’s stock worth $37,563,000 after acquiring an additional 1,878 shares during the period. Millennium Management LLC acquired a new stake in Esquire Financial in the third quarter worth approximately $1,431,000. Finally, Brevan Howard Capital Management LP boosted its stake in Esquire Financial by 24.8% during the third quarter. Brevan Howard Capital Management LP now owns 3,394 shares of the company’s stock valued at $346,000 after buying an additional 674 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.