RMB Capital Management LLC Sells 25,157 Shares of Esquire Financial Holdings Inc (NASDAQ:ESQ)

RMB Capital Management LLC lessened its position in Esquire Financial Holdings Inc (NASDAQ:ESQ) by 3.9% during the second quarter, Holdings Channel.com reports. The fund owned 621,738 shares of the company’s stock after selling 25,157 shares during the period. RMB Capital Management LLC owned 0.08% of Esquire Financial worth $15,637,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of Esquire Financial by 54.8% during the fourth quarter. Bank of America Corp DE now owns 5,905 shares of the company’s stock valued at $128,000 after acquiring an additional 2,090 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Esquire Financial by 901.6% during the first quarter. BNP Paribas Arbitrage SA now owns 1,272 shares of the company’s stock valued at $29,000 after acquiring an additional 1,145 shares during the last quarter. Wasatch Advisors Inc. raised its stake in shares of Esquire Financial by 30.9% during the first quarter. Wasatch Advisors Inc. now owns 447,229 shares of the company’s stock valued at $10,179,000 after acquiring an additional 105,542 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of Esquire Financial by 18.1% during the first quarter. Pacific Ridge Capital Partners LLC now owns 250,114 shares of the company’s stock valued at $5,693,000 after acquiring an additional 38,367 shares during the last quarter. Finally, Granite Investment Partners LLC raised its stake in shares of Esquire Financial by 86.7% during the first quarter. Granite Investment Partners LLC now owns 43,054 shares of the company’s stock valued at $980,000 after acquiring an additional 19,996 shares during the last quarter. 46.24% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently commented on the stock. TheStreet raised shares of Esquire Financial from a “c” rating to a “b-” rating in a research note on Wednesday, June 26th. ValuEngine downgraded shares of Esquire Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.



ESQ stock traded down $0.02 during trading on Friday, reaching $24.02. The company had a trading volume of 1 shares, compared to its average volume of 10,338. Esquire Financial Holdings Inc has a 52 week low of $17.62 and a 52 week high of $26.38. The company has a market cap of $181.00 million, a P/E ratio of 15.58 and a beta of 1.13. The business has a 50 day moving average of $23.72 and a 200 day moving average of $23.44.

Esquire Financial (NASDAQ:ESQ) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.04. Esquire Financial had a net margin of 25.84% and a return on equity of 12.46%. The company had revenue of $11.67 million during the quarter.

In related news, Director Robert Mitzman purchased 2,053 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was bought at an average cost of $23.94 per share, with a total value of $49,148.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin C. Waterhouse purchased 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average cost of $25.41 per share, with a total value of $38,115.00. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 13,498 shares of company stock valued at $320,759. 21.60% of the stock is owned by insiders.

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 and small business communities, 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.

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Institutional Ownership by Quarter for Esquire Financial (NASDAQ:ESQ)

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