Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Esquire Financial (NASDAQ:ESQ) Stock

Esquire Financial (NASDAQ:ESQ) had its price objective lifted by stock analysts at Keefe, Bruyette & Woods from $72.00 to $80.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 0.67% from the stock’s previous close.

Separately, Piper Sandler reiterated an “overweight” rating and issued a $75.00 target price (up previously from $72.00) on shares of Esquire Financial in a research note on Friday, October 25th.

Esquire Financial Stock Performance

ESQ opened at $79.47 on Wednesday. Esquire Financial has a twelve month low of $44.45 and a twelve month high of $80.79. The firm has a market cap of $661.19 million, a price-to-earnings ratio of 15.99 and a beta of 0.74. The firm’s 50-day simple moving average is $69.29 and its 200-day simple moving average is $59.22.

Insider Buying and Selling at Esquire Financial

In other Esquire Financial news, Director Selig Zises sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $76.77, for a total transaction of $614,160.00. Following the transaction, the director now owns 62,601 shares in the company, valued at approximately $4,805,878.77. This trade 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 accessible through the SEC website. Corporate insiders own 18.90% of the company’s stock.

Institutional Trading of Esquire Financial

A number of institutional investors and hedge funds have recently modified their holdings of ESQ. American Century Companies Inc. grew its holdings in Esquire Financial by 21.7% during the second quarter. American Century Companies Inc. now owns 122,222 shares of the company’s stock valued at $5,818,000 after purchasing an additional 21,833 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Esquire Financial in the second quarter worth $954,000. Marshall Wace LLP bought a new position in shares of Esquire Financial during the second quarter worth $926,000. Dimensional Fund Advisors LP grew its holdings in shares of Esquire Financial by 9.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 202,847 shares of the company’s stock valued at $9,655,000 after buying an additional 17,333 shares during the period. Finally, Cornercap Investment Counsel Inc. bought a new stake in shares of Esquire Financial in the 2nd quarter valued at $570,000. 54.66% of the stock is 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.