Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Announces $0.15 Quarterly Dividend

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.15 per share on Monday, December 2nd. This represents a $0.60 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, November 15th.

Esquire Financial has a payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Esquire Financial to earn $5.52 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 10.9%.

Esquire Financial Trading Down 1.7 %

Shares of NASDAQ ESQ opened at $74.40 on Thursday. The stock’s 50 day simple moving average is $64.77 and its 200 day simple moving average is $56.26. The company has a market cap of $618.56 million, a price-to-earnings ratio of 14.97 and a beta of 0.70. Esquire Financial has a 12-month low of $44.45 and a 12-month high of $76.91.

Analyst Ratings Changes

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

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.