Arcus Capital Partners LLC Invests $217,000 in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Arcus Capital Partners LLC purchased a new stake in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 3,334 shares of the company’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in Esquire Financial by 36.6% during the third quarter. Farther Finance Advisors LLC now owns 798 shares of the company’s stock worth $52,000 after buying an additional 214 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Esquire Financial by 1.2% during the 1st quarter. Acadian Asset Management LLC now owns 31,015 shares of the company’s stock worth $1,471,000 after buying an additional 355 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Esquire Financial by 4.1% during the 2nd quarter. Rhumbline Advisers now owns 11,236 shares of the company’s stock worth $535,000 after buying an additional 439 shares during the last quarter. Rosenthal Henry Capital Advisors Inc. boosted its stake in shares of Esquire Financial by 2.0% in the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 40,800 shares of the company’s stock valued at $2,661,000 after purchasing an additional 800 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Esquire Financial during the first quarter worth $42,000. 54.66% of the stock is owned by institutional investors and hedge funds.

Esquire Financial Price Performance

Shares of ESQ opened at $75.40 on Tuesday. The stock has a 50-day moving average of $64.16 and a 200-day moving average of $55.95. Esquire Financial Holdings, Inc. has a one year low of $44.45 and a one year high of $76.00. The company has a market cap of $626.57 million, a PE ratio of 15.17 and a beta of 0.70.

Esquire Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.80%. Esquire Financial’s dividend payout ratio is presently 12.07%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ESQ shares. Keefe, Bruyette & Woods lowered shares of Esquire Financial from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $68.00 to $72.00 in a report on Wednesday, October 2nd. Piper Sandler reiterated an “overweight” rating and issued a $75.00 target price (up from $72.00) on shares of Esquire Financial in a 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.