Esquire Financial (NASDAQ:ESQ) Price Target Raised to $91.00 at Piper Sandler

Esquire Financial (NASDAQ:ESQ) had its price target increased by investment analysts at Piper Sandler from $85.00 to $91.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 8.68% from the company’s current price.

ESQ has been the subject of a number of other reports. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $85.00 price objective (up from $80.00) on shares of Esquire Financial in a report on Monday. Raymond James cut Esquire Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday.

Esquire Financial Price Performance

Esquire Financial stock traded up $1.46 during trading hours on Monday, hitting $83.73. The company had a trading volume of 8,764 shares, compared to its average volume of 73,123. The firm has a market cap of $696.63 million, a PE ratio of 16.91 and a beta of 0.73. The firm has a 50-day moving average of $79.38 and a 200 day moving average of $68.02. Esquire Financial has a one year low of $44.45 and a one year high of $90.00.

Esquire Financial (NASDAQ:ESQ) last posted its earnings results on Thursday, January 23rd. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Esquire Financial had a return on equity of 19.53% and a net margin of 31.38%. As a group, research analysts expect that Esquire Financial will post 5.18 earnings per share for the current year.

Insider Transactions at Esquire Financial

In other Esquire Financial news, Director Rena Nigam acquired 640 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average price of $77.50 per share, for a total transaction of $49,600.00. Following the completion of the transaction, the director now owns 1,867 shares of the company’s stock, valued at approximately $144,692.50. This represents a 52.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Melohn sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $79.15, for a total value of $237,450.00. Following the transaction, the director now owns 3,683 shares of the company’s stock, valued at approximately $291,509.45. The trade was a 44.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ESQ. SG Americas Securities LLC increased its holdings in shares of Esquire Financial by 38.3% in the fourth quarter. SG Americas Securities LLC now owns 3,203 shares of the company’s stock worth $255,000 after buying an additional 887 shares during the period. JPMorgan Chase & Co. grew its position in Esquire Financial by 161.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,500 shares of the company’s stock worth $1,532,000 after acquiring an additional 14,521 shares during the last quarter. Franklin Resources Inc. purchased a new position in Esquire Financial in the 3rd quarter worth approximately $252,000. Barclays PLC lifted its position in Esquire Financial by 322.6% in the third quarter. Barclays PLC now owns 10,308 shares of the company’s stock valued at $672,000 after purchasing an additional 7,869 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Esquire Financial by 3.4% during the third quarter. Geode Capital Management LLC now owns 182,259 shares of the company’s stock valued at $11,887,000 after purchasing an additional 6,025 shares during the period. 54.66% of the stock is currently owned by institutional investors.

Esquire Financial Company Profile

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.