Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Plans $0.15 Quarterly Dividend

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.15 per share on Monday, December 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Friday, November 15th.

Esquire Financial has a payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Esquire Financial to earn $5.52 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 10.9%.

Esquire Financial Stock Performance

ESQ stock traded up $0.67 during midday trading on Friday, reaching $67.25. 486 shares of the company were exchanged, compared to its average volume of 33,548. The stock’s 50-day simple moving average is $62.66 and its 200 day simple moving average is $54.53. Esquire Financial has a 1-year low of $44.45 and a 1-year high of $69.00. The company has a market cap of $558.85 million, a price-to-earnings ratio of 13.40 and a beta of 0.70.

Analyst Ratings Changes

A number of research analysts recently issued reports on ESQ shares. Piper Sandler restated an “overweight” rating and set a $75.00 price target (up previously from $72.00) on shares of Esquire Financial in a research note on Friday, October 25th. Keefe, Bruyette & Woods lowered shares of Esquire Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the company 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.