Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Sells $614,160.00 in Stock

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Selig Zises sold 8,000 shares of Esquire Financial stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $76.77, for a total transaction of $614,160.00. Following the sale, the director now owns 62,601 shares in the company, valued at approximately $4,805,878.77. This represents a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Esquire Financial Trading Up 1.6 %

NASDAQ:ESQ traded up $1.26 on Wednesday, hitting $78.50. 56,224 shares of the company’s stock traded hands, compared to its average volume of 33,519. Esquire Financial Holdings, Inc. has a 1 year low of $44.45 and a 1 year high of $80.00. The firm has a 50-day moving average price of $67.19 and a 200-day moving average price of $57.91. The company has a market cap of $653.20 million, a PE ratio of 15.85 and a beta of 0.70.

Esquire Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 0.76%. Esquire Financial’s dividend payout ratio (DPR) is presently 12.07%.

Hedge Funds Weigh In On Esquire Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. acquired a new stake in Esquire Financial in the 3rd quarter worth approximately $252,000. Barclays PLC lifted its holdings in Esquire Financial by 322.6% in the 3rd quarter. Barclays PLC now owns 10,308 shares of the company’s stock worth $672,000 after purchasing an additional 7,869 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Esquire Financial by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 182,259 shares of the company’s stock worth $11,887,000 after purchasing an additional 6,025 shares during the last quarter. State Street Corp lifted its holdings in Esquire Financial by 8.5% in the 3rd quarter. State Street Corp now owns 144,344 shares of the company’s stock worth $9,413,000 after purchasing an additional 11,345 shares during the last quarter. Finally, Wasatch Advisors LP lifted its holdings in Esquire Financial by 0.8% in the 3rd quarter. Wasatch Advisors LP now owns 566,001 shares of the company’s stock worth $36,909,000 after purchasing an additional 4,426 shares during the last quarter. Hedge funds and other institutional investors own 54.66% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ESQ. Piper Sandler reiterated an “overweight” rating and issued a $75.00 price target (up from $72.00) on shares of Esquire Financial in a research report on Friday, October 25th. Keefe, Bruyette & Woods cut shares of Esquire Financial from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $68.00 to $72.00 in a research report on Wednesday, October 2nd.

About Esquire Financial

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.