Bank of New York Mellon Corp increased its holdings in Esquire Financial Holdings Inc (NASDAQ:ESQ) by 89.0% in the second quarter, HoldingsChannel.com reports. The firm owned 29,014 shares of the company’s stock after buying an additional 13,663 shares during the quarter. Bank of New York Mellon Corp’s holdings in Esquire Financial were worth $765,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Granite Investment Partners LLC raised its holdings in Esquire Financial by 97.9% in the 2nd quarter. Granite Investment Partners LLC now owns 16,826 shares of the company’s stock worth $444,000 after purchasing an additional 8,325 shares during the period. Acadian Asset Management LLC raised its holdings in Esquire Financial by 275.0% in the 2nd quarter. Acadian Asset Management LLC now owns 19,629 shares of the company’s stock worth $518,000 after purchasing an additional 14,395 shares during the period. Millennium Management LLC acquired a new position in Esquire Financial in the 1st quarter worth about $681,000. Finally, Wasatch Advisors Inc. raised its holdings in Esquire Financial by 14.9% in the 2nd quarter. Wasatch Advisors Inc. now owns 326,620 shares of the company’s stock worth $8,620,000 after purchasing an additional 42,424 shares during the period. 42.40% of the stock is owned by institutional investors.

In other Esquire Financial news, Director Richard T. Powers sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $25.47, for a total transaction of $38,205.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.30% of the stock is owned by corporate insiders.

A number of equities analysts recently weighed in on ESQ shares. Sandler O’Neill set a $27.00 price target on Esquire Financial and gave the stock a “hold” rating in a report on Wednesday, July 25th. ValuEngine cut Esquire Financial from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th.

Shares of Esquire Financial stock opened at $23.32 on Friday. Esquire Financial Holdings Inc has a 12 month low of $15.64 and a 12 month high of $29.45. The company has a market cap of $181.53 million, a price-to-earnings ratio of 27.39 and a beta of 0.85.

Esquire Financial (NASDAQ:ESQ) last announced its earnings results on Wednesday, July 25th. The company reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. Esquire Financial had a return on equity of 7.89% and a net margin of 19.08%. The business had revenue of $8.62 million during the quarter.

Esquire Financial Profile

Esquire Financial Holdings, Inc operates as the bank holding company for Esquire Bank, National Association that provides commercial banking products and services to law professionals, professional service firms, small to mid-sized businesses, and individuals in the United States. The company offers checking, savings, money market, and time deposits, as well as certificates of deposit.

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Institutional Ownership by Quarter for Esquire Financial (NASDAQ:ESQ)

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