Insider Selling: Esquire Financial (NASDAQ:ESQ) Director Sells 17,000 Shares of Stock

by · The Cerbat Gem

Esquire Financial Holdings, Inc. (NASDAQ:ESQ – Get Free Report) Director Selig Zises sold 17,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $99.71, for a total transaction of $1,695,070.00. Following the sale, the director owned 21,001 shares of the company’s stock, valued at $2,094,009.71. This represents a 44.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Selig Zises also recently made the following trade(s):

  • On Thursday, July 31st, Selig Zises sold 5,000 shares of Esquire Financial stock. The shares were sold at an average price of $95.38, for a total transaction of $476,900.00.

Esquire Financial Price Performance

Esquire Financial stock traded up $1.75 during mid-day trading on Tuesday, reaching $100.49. 66,957 shares of the company traded hands, compared to its average volume of 91,866. The firm’s 50 day moving average price is $96.52 and its 200 day moving average price is $87.04. The firm has a market capitalization of $858.18 million, a price-to-earnings ratio of 18.54 and a beta of 0.57. Esquire Financial Holdings, Inc. has a 52-week low of $57.00 and a 52-week high of $106.11.

Esquire Financial (NASDAQ:ESQ – Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.38. The business had revenue of ($24.94) million for the quarter, compared to the consensus estimate of $28.26 million. Esquire Financial had a net margin of 30.96% and a return on equity of 18.87%. On average, sell-side analysts anticipate that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current year.

Esquire Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, August 15th. Esquire Financial’s payout ratio is presently 12.92%.

Institutional Trading of Esquire Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc purchased a new stake in Esquire Financial during the 1st quarter valued at about $26,000. USA Financial Formulas purchased a new stake in Esquire Financial during the 1st quarter valued at about $51,000. Tower Research Capital LLC TRC grew its position in Esquire Financial by 151.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 788 shares of the company’s stock valued at $63,000 after purchasing an additional 474 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Esquire Financial by 352.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 810 shares of the company’s stock valued at $77,000 after purchasing an additional 631 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Esquire Financial during the 1st quarter valued at about $106,000. 54.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ESQ. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $110.00 price objective (up from $102.00) on shares of Esquire Financial in a research report on Friday, July 25th. Wall Street Zen downgraded shares of Esquire Financial from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Esquire Financial presently has an average rating of “Hold” and a consensus target price of $100.50.

Read Our Latest Research Report on ESQ

Esquire Financial Company Profile

(Get Free Report)

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.

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