Esquire Financial (NASDAQ:ESQ) Price Target Raised to $91.00

Esquire Financial (NASDAQ:ESQ) had its price target boosted by Piper Sandler from $85.00 to $91.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s target price points to a potential upside of 8.68% from the company’s previous close.

Other research analysts have also issued reports about the company. Raymond James lowered Esquire Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $85.00 price objective (up from $80.00) on shares of Esquire Financial in a report on Monday.

Esquire Financial Price Performance

Shares of Esquire Financial stock traded up $1.46 during trading hours on Monday, hitting $83.73. The company had a trading volume of 8,764 shares, compared to its average volume of 73,123. The company’s 50-day moving average is $79.38 and its two-hundred day moving average is $68.02. Esquire Financial has a twelve month low of $44.45 and a twelve month high of $90.00. The company has a market cap of $696.63 million, a P/E ratio of 16.91 and a beta of 0.73.

Esquire Financial (NASDAQ:ESQ) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Esquire Financial had a net margin of 31.38% and a return on equity of 19.53%. Sell-side analysts expect that Esquire Financial will post 5.18 EPS for the current year.

Insider Transactions at Esquire Financial

In related news, Director Joseph Melohn sold 3,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.15, for a total value of $237,450.00. Following the sale, the director now owns 3,683 shares of the company’s stock, valued at $291,509.45. The trade was a 44.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Selig Zises sold 8,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $76.77, for a total value of $614,160.00. Following the transaction, the director now owns 62,601 shares of the company’s stock, valued at $4,805,878.77. This represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.90% of the company’s stock.

Institutional Investors Weigh In On Esquire Financial

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its position in Esquire Financial by 36.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 798 shares of the company’s stock valued at $52,000 after acquiring an additional 214 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Esquire Financial in the 3rd quarter valued at about $54,000. Copeland Capital Management LLC bought a new stake in shares of Esquire Financial in the third quarter valued at about $64,000. FMR LLC boosted its position in shares of Esquire Financial by 14.3% during the third quarter. FMR LLC now owns 2,115 shares of the company’s stock worth $138,000 after buying an additional 264 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Esquire Financial during the third quarter worth about $151,000. Institutional investors and hedge funds own 54.66% of the company’s stock.

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.