Esquire Financial (NASDAQ:ESQ) Earns “Market Perform” Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of Esquire Financial (NASDAQ:ESQ) in a research note published on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a $85.00 price objective on the stock, up from their previous price objective of $80.00.

ESQ has been the subject of a number of other research reports. Raymond James cut Esquire Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, January 24th. Piper Sandler reaffirmed an “overweight” rating and issued a $75.00 price target (up previously from $72.00) on shares of Esquire Financial in a research report on Friday, October 25th.

Esquire Financial Price Performance

Shares of Esquire Financial stock opened at $85.27 on Monday. Esquire Financial has a 1 year low of $44.45 and a 1 year high of $90.00. The firm has a market cap of $709.53 million, a price-to-earnings ratio of 17.16 and a beta of 0.73. The company has a 50-day moving average of $80.14 and a 200 day moving average of $68.62.

Esquire Financial (NASDAQ:ESQ) last announced its 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%. On average, equities analysts anticipate that Esquire Financial will post 5.18 EPS for the current year.

Insider Buying and Selling

In other Esquire Financial news, Director Rena Nigam bought 640 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was acquired at an average price of $77.50 per share, with a total value of $49,600.00. Following the transaction, the director now owns 1,867 shares in the company, valued at $144,692.50. This represents a 52.16 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph Melohn sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.15, for a total transaction of $237,450.00. Following the sale, the director now directly owns 3,683 shares in the company, valued at approximately $291,509.45. The trade was a 44.89 % decrease in their position. The disclosure for this sale can be found here. 18.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Esquire Financial

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in shares of Esquire Financial by 36.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 798 shares of the company’s stock valued at $52,000 after purchasing an additional 214 shares during the last quarter. FMR LLC increased its holdings in Esquire Financial by 14.3% during the third quarter. FMR LLC now owns 2,115 shares of the company’s stock valued at $138,000 after buying an additional 264 shares during the last quarter. Rosenthal Henry Capital Advisors Inc. raised its position in Esquire Financial by 2.0% in the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 40,800 shares of the company’s stock worth $2,661,000 after acquiring an additional 800 shares during the period. Quantbot Technologies LP bought a new position in Esquire Financial in the third quarter worth approximately $54,000. Finally, SG Americas Securities LLC boosted its stake in shares of Esquire Financial by 38.3% during the 4th quarter. SG Americas Securities LLC now owns 3,203 shares of the company’s stock worth $255,000 after acquiring an additional 887 shares during the last quarter. Institutional investors own 54.66% of the company’s stock.

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.