Esquire Financial (NASDAQ:ESQ) Announces Earnings Results

Esquire Financial (NASDAQ:ESQ) posted its quarterly earnings results on Thursday. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01), Zacks reports. Esquire Financial had a net margin of 31.38% and a return on equity of 19.53%.

Esquire Financial Price Performance

Shares of NASDAQ:ESQ opened at $87.46 on Thursday. The firm has a market capitalization of $727.63 million, a PE ratio of 17.68 and a beta of 0.73. Esquire Financial has a 1 year low of $44.45 and a 1 year high of $90.00. The firm’s 50-day moving average is $78.90 and its two-hundred day moving average is $67.35.

Esquire Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.69%. The ex-dividend date was Friday, November 15th. Esquire Financial’s payout ratio is 12.07%.

Analyst Ratings Changes

A number of research firms recently commented on ESQ. Piper Sandler reiterated an “overweight” rating and issued a $75.00 price objective (up from $72.00) on shares of Esquire Financial in a report on Friday, October 25th. Keefe, Bruyette & Woods upped their target price on shares of Esquire Financial from $72.00 to $80.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Insider Activity at Esquire Financial

In other news, Director Selig Zises sold 8,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $76.77, for a total value of $614,160.00. Following the sale, the director now directly owns 62,601 shares in the company, valued at approximately $4,805,878.77. This trade represents a 11.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rena Nigam bought 640 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average price of $77.50 per share, with a total value of $49,600.00. Following the purchase, the director now owns 1,867 shares of the company’s stock, valued at approximately $144,692.50. This represents a 52.16 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 18.90% 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.