Esquire Financial (NASDAQ:ESQ) Given New $61.00 Price Target at Piper Sandler

Esquire Financial (NASDAQ:ESQ) had its target price hoisted by Piper Sandler from $60.00 to $61.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts also recently issued research reports about the company. Keefe, Bruyette & Woods lifted their price target on Esquire Financial from $58.00 to $65.00 and gave the company an outperform rating in a research report on Friday, January 26th. Raymond James assumed coverage on shares of Esquire Financial in a research note on Tuesday, January 16th. They issued a strong-buy rating and a $60.00 price target for the company.

Esquire Financial Stock Performance

NASDAQ:ESQ opened at $47.63 on Monday. Esquire Financial has a 52-week low of $35.00 and a 52-week high of $54.80. The stock has a fifty day moving average of $47.69 and a 200 day moving average of $47.84. The firm has a market capitalization of $394.81 million, a price-to-earnings ratio of 10.24 and a beta of 0.79.

Esquire Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, May 14th. Esquire Financial’s payout ratio is currently 12.90%.

Insider Buying and Selling

In other news, Director Selig Zises sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $49.84, for a total value of $598,080.00. Following the completion of the sale, the director now directly owns 135,033 shares in the company, valued at approximately $6,730,044.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 18.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ESQ. Copeland Capital Management LLC bought a new position in Esquire Financial during the 3rd quarter worth approximately $30,000. Boston Partners boosted its stake in shares of Esquire Financial by 5.2% during the third quarter. Boston Partners now owns 15,322 shares of the company’s stock valued at $700,000 after purchasing an additional 757 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Esquire Financial in the first quarter worth approximately $42,000. Vanguard Group Inc. increased its stake in shares of Esquire Financial by 0.4% in the third quarter. Vanguard Group Inc. now owns 362,390 shares of the company’s stock worth $16,558,000 after buying an additional 1,349 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Esquire Financial during the 4th quarter valued at $127,000. Hedge funds and other institutional investors own 54.66% of the company’s stock.

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.