Esquire Financial (NASDAQ:ESQ) Announces Quarterly Earnings Results

Esquire Financial (NASDAQ:ESQ) posted its quarterly earnings data on Thursday. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01), Zacks reports. Esquire Financial had a net margin of 31.38% and a return on equity of 19.53%.

Esquire Financial Trading Down 3.2 %

Shares of ESQ opened at $86.12 on Friday. The firm has a market capitalization of $716.52 million, a PE ratio of 17.33 and a beta of 0.73. The stock’s 50 day moving average is $79.17 and its two-hundred day moving average is $67.48. Esquire Financial has a twelve month low of $44.45 and a twelve month high of $90.00.

Esquire Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a $0.15 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.70%. Esquire Financial’s payout ratio is currently 12.07%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ESQ. Piper Sandler restated an “overweight” rating and issued a $75.00 price target (up previously from $72.00) on shares of Esquire Financial in a research report on Friday, October 25th. Keefe, Bruyette & Woods boosted their target price on Esquire Financial from $72.00 to $80.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Raymond James downgraded Esquire Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday.

Insider Activity

In related news, Director Rena Nigam acquired 640 shares of Esquire Financial stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average price of $77.50 per share, for a total transaction of $49,600.00. Following the completion of the purchase, the director now directly owns 1,867 shares of the company’s stock, valued at approximately $144,692.50. This trade represents a 52.16 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Selig Zises sold 8,000 shares of the business’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 sale, the director now directly owns 62,601 shares in the company, valued at approximately $4,805,878.77. This represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.90% of the company’s stock.

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.