Esquire Financial (NASDAQ:ESQ) Stock Rating Reaffirmed by Piper Sandler

Esquire Financial (NASDAQ:ESQ)‘s stock had its “overweight” rating restated by investment analysts at Piper Sandler in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $75.00 price target on the stock, up from their prior price target of $72.00. Piper Sandler’s price objective points to a potential upside of 16.10% from the company’s current price.

Separately, Keefe, Bruyette & Woods downgraded Esquire Financial from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $68.00 to $72.00 in a report on Wednesday, October 2nd.

Esquire Financial Trading Down 1.7 %

Esquire Financial stock opened at $64.60 on Friday. The firm’s fifty day moving average price is $62.11 and its two-hundred day moving average price is $54.08. The firm has a market capitalization of $536.83 million, a price-to-earnings ratio of 13.46 and a beta of 0.70. Esquire Financial has a 1-year low of $44.02 and a 1-year high of $67.78.

Esquire Financial (NASDAQ:ESQ) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. The business had revenue of $31.92 million during the quarter, compared to the consensus estimate of $31.48 million. Esquire Financial had a return on equity of 19.92% and a net margin of 31.36%. On average, research analysts forecast that Esquire Financial will post 5.14 EPS for the current year.

Institutional Investors Weigh In On Esquire Financial

Institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its stake in shares of Esquire Financial by 79.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 36,058 shares of the company’s stock worth $2,351,000 after buying an additional 16,007 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in Esquire Financial during the third quarter worth $215,000. Copeland Capital Management LLC purchased a new position in Esquire Financial in the third quarter worth $64,000. SG Americas Securities LLC purchased a new position in Esquire Financial in the third quarter worth $151,000. Finally, Sanctuary Advisors LLC bought a new position in Esquire Financial in the 2nd quarter valued at $401,000. 54.66% of the stock is owned by institutional investors.

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.