Esquire Financial Holdings, Inc. (ESQ) to Issue Quarterly Dividend of $0.15 on September 3rd

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) announced a quarterly dividend on Thursday, July 25th, NASDAQ reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.15 per share on Tuesday, September 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Thursday, August 15th.

Esquire Financial has a dividend payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Esquire Financial to earn $5.53 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 10.8%.

Esquire Financial Stock Up 0.4 %

Shares of Esquire Financial stock opened at $59.30 on Friday. The firm has a market cap of $491.60 million, a price-to-earnings ratio of 12.75 and a beta of 0.72. The business has a fifty day simple moving average of $48.74 and a 200-day simple moving average of $48.50. Esquire Financial has a fifty-two week low of $43.24 and a fifty-two week high of $59.56.

Esquire Financial (NASDAQ:ESQ) last announced its earnings results on Thursday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The company had revenue of $29.25 million for the quarter, compared to analyst estimates of $29.04 million. Esquire Financial had a return on equity of 20.43% and a net margin of 31.36%. Analysts anticipate that Esquire Financial will post 4.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ESQ shares. Piper Sandler boosted their target price on Esquire Financial from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $68.00 price target (up from $62.00) on shares of Esquire Financial in a research report on Friday.

Insider Transactions at Esquire Financial

In other news, Director Selig Zises sold 2,500 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $45.89, for a total value of $114,725.00. Following the completion of the transaction, the director now directly owns 107,533 shares of the company’s stock, valued at approximately $4,934,689.37. The sale was disclosed in a legal filing with the SEC, which is available at this link. 18.90% of the stock is currently owned by corporate insiders.

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.