Copeland Capital Management LLC Has $27.11 Million Holdings in Esquire Financial Holdings, Inc. $ESQ

by · The Markets Daily

Copeland Capital Management LLC lifted its stake in Esquire Financial Holdings, Inc. (NASDAQ:ESQFree Report) by 11.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 265,550 shares of the company’s stock after buying an additional 27,528 shares during the period. Copeland Capital Management LLC’s holdings in Esquire Financial were worth $27,105,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ESQ. Royal Bank of Canada raised its holdings in shares of Esquire Financial by 215.3% in the 1st quarter. Royal Bank of Canada now owns 81,087 shares of the company’s stock worth $6,113,000 after buying an additional 55,367 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Esquire Financial in the 3rd quarter worth approximately $1,431,000. American Century Companies Inc. raised its holdings in shares of Esquire Financial by 6.2% in the 3rd quarter. American Century Companies Inc. now owns 238,030 shares of the company’s stock worth $24,292,000 after buying an additional 13,832 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Esquire Financial by 99.2% in the 2nd quarter. Squarepoint Ops LLC now owns 25,712 shares of the company’s stock worth $2,434,000 after buying an additional 12,802 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new position in shares of Esquire Financial in the 3rd quarter worth approximately $1,264,000. 54.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ESQ has been the subject of a number of recent research reports. Raymond James Financial raised Esquire Financial from a “market perform” rating to a “strong-buy” rating and set a $125.00 target price for the company in a report on Friday, March 13th. Weiss Ratings cut Esquire Financial from a “buy (a-)” rating to a “buy (b)” rating in a report on Tuesday, March 17th. Wall Street Zen lowered Esquire Financial from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Finally, Keefe, Bruyette & Woods increased their price target on Esquire Financial from $115.00 to $120.00 and gave the stock a “market perform” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $120.33.

View Our Latest Analysis on Esquire Financial

Esquire Financial Price Performance

NASDAQ ESQ opened at $114.65 on Friday. The firm has a market cap of $990.58 million, a PE ratio of 19.50 and a beta of 0.45. Esquire Financial Holdings, Inc. has a one year low of $80.19 and a one year high of $134.82. The stock’s 50 day simple moving average is $107.84 and its 200 day simple moving average is $105.24.

Esquire Financial (NASDAQ:ESQGet Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $1.58 EPS for the quarter, hitting analysts’ consensus estimates of $1.58. The business had revenue of $40.46 million for the quarter, compared to analyst estimates of $40.76 million. Esquire Financial had a return on equity of 18.28% and a net margin of 30.90%. As a group, equities analysts expect that Esquire Financial Holdings, Inc. will post 6.35 earnings per share for the current year.

Esquire Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were given a dividend of $0.20 per share. This is a boost from Esquire Financial’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, February 13th. This represents a $0.80 dividend on an annualized basis and a yield of 0.7%. Esquire Financial’s dividend payout ratio is currently 13.61%.

Insider Buying and Selling

In other Esquire Financial news, Director Selig Zises sold 5,000 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $105.10, for a total value of $525,500.00. Following the transaction, the director directly owned 6,501 shares in the company, valued at approximately $683,255.10. This trade represents a 43.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard T. Powers sold 2,308 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $104.83, for a total value of $241,947.64. Following the completion of the transaction, the director owned 58,233 shares in the company, valued at $6,104,565.39. The trade was a 3.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 32,308 shares of company stock worth $3,430,948. 18.00% of the stock is owned by corporate insiders.

Esquire Financial Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ESQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Esquire Financial Holdings, Inc. (NASDAQ:ESQFree Report).