Cornercap Investment Counsel Inc. Lowers Position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Cornercap Investment Counsel Inc. cut its stake in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 53.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,611 shares of the company’s stock after selling 6,357 shares during the period. Cornercap Investment Counsel Inc. owned 0.07% of Esquire Financial worth $366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Assenagon Asset Management S.A. lifted its holdings in shares of Esquire Financial by 79.8% during the third quarter. Assenagon Asset Management S.A. now owns 36,058 shares of the company’s stock valued at $2,351,000 after purchasing an additional 16,007 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Esquire Financial by 36.6% during the third quarter. Farther Finance Advisors LLC now owns 798 shares of the company’s stock valued at $52,000 after purchasing an additional 214 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Esquire Financial during the second quarter valued at approximately $401,000. Dimensional Fund Advisors LP lifted its holdings in shares of Esquire Financial by 9.3% during the second quarter. Dimensional Fund Advisors LP now owns 202,847 shares of the company’s stock valued at $9,655,000 after purchasing an additional 17,333 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Esquire Financial during the first quarter valued at approximately $42,000. 54.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered shares of Esquire Financial from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $68.00 to $72.00 in a report on Wednesday, October 2nd. Piper Sandler reiterated 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.

Esquire Financial Stock Down 1.2 %

Shares of ESQ opened at $71.76 on Monday. The company has a market capitalization of $597.04 million, a P/E ratio of 14.44 and a beta of 0.70. The firm has a 50 day moving average of $65.28 and a 200 day moving average of $56.68. Esquire Financial Holdings, Inc. has a twelve month low of $44.45 and a twelve month high of $76.91.

Esquire Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, November 15th. Esquire Financial’s dividend payout ratio (DPR) is currently 12.07%.

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.