Northern Trust Corp Sells 1,316 Shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Northern Trust Corp cut its holdings in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,479 shares of the company’s stock after selling 1,316 shares during the quarter. Northern Trust Corp’s holdings in Esquire Financial were worth $1,410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in Esquire Financial by 27.1% in the 3rd quarter. Wells Fargo & Company MN now owns 28,740 shares of the company’s stock valued at $431,000 after acquiring an additional 6,120 shares during the period. Bank of New York Mellon Corp grew its position in shares of Esquire Financial by 16.1% in the fourth quarter. Bank of New York Mellon Corp now owns 47,008 shares of the company’s stock valued at $902,000 after purchasing an additional 6,524 shares during the last quarter. State Street Corp increased its stake in shares of Esquire Financial by 6.0% during the third quarter. State Street Corp now owns 113,320 shares of the company’s stock worth $1,700,000 after purchasing an additional 6,388 shares during the period. Finally, BlackRock Inc. lifted its holdings in Esquire Financial by 7.8% during the 4th quarter. BlackRock Inc. now owns 370,180 shares of the company’s stock worth $7,104,000 after purchasing an additional 26,818 shares during the last quarter. Institutional investors and hedge funds own 48.11% of the company’s stock.

Separately, Zacks Investment Research cut Esquire Financial from a “buy” rating to a “hold” rating in a research report on Tuesday.

NASDAQ ESQ opened at $22.90 on Wednesday. The firm has a 50-day moving average price of $23.79 and a two-hundred day moving average price of $20.71. Esquire Financial Holdings, Inc. has a 12-month low of $10.83 and a 12-month high of $26.79. The company has a market capitalization of $178.85 million, a P/E ratio of 13.96 and a beta of 1.24.

Esquire Financial (NASDAQ:ESQ) last released its quarterly earnings results on Sunday, January 24th. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. The company had revenue of $14.57 million during the quarter, compared to the consensus estimate of $13.40 million. Esquire Financial had a net margin of 24.72% and a return on equity of 10.82%. As a group, research analysts forecast that Esquire Financial Holdings, Inc. will post 1.65 earnings per share for the current fiscal year.

Esquire Financial 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.

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

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