Esquire Financial (NASDAQ:ESQ) Director Anthony Coelho Sells 11,600 Shares of Company Stock

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Anthony Coelho sold 11,600 shares of the stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $127.00, for a total transaction of $1,473,200.00. Following the completion of the transaction, the director directly owned 55,765 shares of the company’s stock, valued at $7,082,155. This trade represents a 17.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Esquire Financial Stock Performance

Shares of Esquire Financial stock traded down $0.63 during midday trading on Monday, hitting $124.33. 179,010 shares of the company traded hands, compared to its average volume of 126,751. The firm’s fifty day moving average price is $119.34 and its 200-day moving average price is $114.39. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 20.69 and a beta of 0.40. Esquire Financial Holdings, Inc. has a 12 month low of $92.96 and a 12 month high of $134.82.

Esquire Financial (NASDAQ:ESQ) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.23. Esquire Financial had a net margin of 26.92% and a return on equity of 21.49%. The company had revenue of $61.39 million during the quarter, compared to the consensus estimate of $59.93 million. Equities research analysts forecast that Esquire Financial Holdings, Inc. will post 7.49 earnings per share for the current year.

Esquire Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, November 13th. Esquire Financial’s dividend payout ratio (DPR) is presently 13.31%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ESQ shares. Zacks Research raised Esquire Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Esquire Financial in a report on Thursday. Wall Street Zen raised shares of Esquire Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of Esquire Financial from a “buy (a-)” rating to a “buy (a)” rating in a research report on Tuesday, October 27th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Strong Buy” and a consensus target price of $122.50.

Institutional Trading of Esquire Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ESQ. Sterling Capital Management LLC lifted its position in shares of Esquire Financial by 861.5% in the 3rd quarter. Sterling Capital Management LLC now owns 250 shares of the company’s stock worth $29,000 after purchasing an additional 224 shares during the period. Provenance Wealth Advisors LLC acquired a new stake in shares of Esquire Financial during the third quarter worth $29,000. Global Retirement Partners LLC acquired a new stake in shares of Esquire Financial during the second quarter worth $39,000. Fortitude Family Office LLC bought a new position in Esquire Financial during the third quarter worth $93,000. Finally, Farther Finance Advisors LLC raised its stake in Esquire Financial by 1,890.2% during the third quarter. Farther Finance Advisors LLC now owns 1,015 shares of the company’s stock worth $118,000 after buying an additional 964 shares during the last quarter. Institutional investors and hedge funds own 54.66% of the company’s stock.

Esquire Financial Company Profile

Esquire Financial Holdings, Inc is the bank holding company for Esquire Bank, a federally chartered community bank headquartered in Jericho, New York. Esquire Bank primarily serves law firms, attorneys, and other professional-service businesses, as well as small and middle-market companies, entrepreneurs, and individuals.

The bank provides commercial banking products and services that include business checking and savings accounts, commercial loans, lines of credit, commercial real estate financing, construction lending, and small business lending.