Esquire Financial (NASDAQ:ESQ) Sets New 12-Month High – Here’s What Happened

Esquire Financial Holdings, Inc. (NASDAQ:ESQ)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $76.91 and last traded at $75.66, with a volume of 43339 shares. The stock had previously closed at $75.40.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Piper Sandler restated an “overweight” rating and set a $75.00 price objective (up from $72.00) on shares of Esquire Financial in a report on Friday, October 25th. Keefe, Bruyette & Woods cut shares of 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 research report on Wednesday, October 2nd.

Esquire Financial Trading Down 2.3 %

The company has a market capitalization of $604.10 million, a price-to-earnings ratio of 14.62 and a beta of 0.70. The firm’s fifty day simple moving average is $65.03 and its two-hundred day simple moving average is $56.38.

Esquire Financial Announces Dividend

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 paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, November 15th. Esquire Financial’s payout ratio is currently 12.07%.

Hedge Funds Weigh In On Esquire Financial

A number of institutional investors have recently modified their holdings of the business. Wasatch Advisors LP grew its holdings in Esquire Financial by 0.8% in the third quarter. Wasatch Advisors LP now owns 566,001 shares of the company’s stock valued at $36,909,000 after purchasing an additional 4,426 shares during the period. Martingale Asset Management L P bought a new position in shares of Esquire Financial in the third quarter valued at approximately $215,000. BNP Paribas Financial Markets boosted its holdings in Esquire Financial by 156.0% during the third quarter. BNP Paribas Financial Markets now owns 6,228 shares of the company’s stock worth $406,000 after buying an additional 3,795 shares in the last quarter. FMR LLC boosted its stake in Esquire Financial by 14.3% in the 3rd quarter. FMR LLC now owns 2,115 shares of the company’s stock worth $138,000 after purchasing an additional 264 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Esquire Financial in the 3rd quarter worth approximately $54,000. 54.66% of the stock is owned by institutional investors and hedge funds.

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 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.