Esquire Financial Holdings, Inc. (NASDAQ:ESQ) to Issue $0.20 Quarterly Dividend

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Friday, May 15th will be given a dividend of 0.20 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, May 15th.

Esquire Financial has a dividend payout ratio of 13.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Esquire Financial to earn $6.95 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 11.5%.

Esquire Financial Trading Up 0.8%

Esquire Financial stock traded up $0.88 during midday trading on Friday, reaching $106.00. 13,236 shares of the stock traded hands, compared to its average volume of 98,012. The firm has a fifty day moving average price of $107.53 and a two-hundred day moving average price of $105.32. The firm has a market cap of $915.85 million, a price-to-earnings ratio of 17.82 and a beta of 0.45. Esquire Financial has a fifty-two week low of $84.04 and a fifty-two week high of $134.82.

Esquire Financial (NASDAQ:ESQ) last posted its earnings results on Thursday, April 23rd. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.06. The firm had revenue of $40.46 million during the quarter, compared to analyst estimates of $40.76 million. Esquire Financial had a net margin of 29.96% and a return on equity of 18.69%. Analysts anticipate that Esquire Financial will post 6.35 earnings per share for the current year.

About Esquire Financial

Esquire Financial Holdings, Inc is a bank holding company whose principal subsidiary, Esquire Bank, specializes in residential mortgage lending and community banking services. Headquartered in Kansas City, Missouri, the company operates through multiple distribution channels, including retail branches, wholesale and correspondent lending divisions. Esquire Financial focuses on tailored home financing solutions while maintaining a community-oriented approach to banking.

In its mortgage lending business, Esquire Bank originates and services a range of home loan products, including government-insured mortgages (FHA, VA and USDA) as well as conventional conforming and jumbo loans.