Insider Selling: Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Sells 8,000 Shares of Stock

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Selig Zises sold 8,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $76.77, for a total value of $614,160.00. Following the completion of the transaction, the director now owns 62,601 shares of the company’s stock, valued at $4,805,878.77. The trade was a 11.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Esquire Financial Trading Up 1.6 %

ESQ stock opened at $78.50 on Friday. The stock has a 50-day moving average price of $67.49 and a two-hundred day moving average price of $58.06. The company has a market cap of $653.20 million, a PE ratio of 15.79 and a beta of 0.70. Esquire Financial Holdings, Inc. has a 12-month low of $44.45 and a 12-month high of $80.00.

Esquire Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Friday, November 15th. Esquire Financial’s dividend payout ratio (DPR) is presently 12.07%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its position in shares of Esquire Financial by 36.6% in the third quarter. Farther Finance Advisors LLC now owns 798 shares of the company’s stock worth $52,000 after acquiring an additional 214 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Esquire Financial during the 3rd quarter worth $54,000. Copeland Capital Management LLC acquired a new stake in Esquire Financial in the 3rd quarter valued at $64,000. Meeder Asset Management Inc. purchased a new position in Esquire Financial in the second quarter valued at about $59,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Esquire Financial during the second quarter worth about $91,000. Hedge funds and other institutional investors own 54.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ESQ. Keefe, Bruyette & Woods downgraded shares of Esquire Financial from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $68.00 to $72.00 in a research note on Wednesday, October 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $75.00 price target (up previously from $72.00) on shares of Esquire Financial in a research report on Friday, October 25th.

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.