Esquire Financial Holdings, Inc. Plans Quarterly Dividend of $0.20 (NASDAQ:ESQ)

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Friday, August 14th will be given a dividend of 0.20 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, August 14th.

Esquire Financial has a payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Esquire Financial to earn $8.70 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 9.2%.

Esquire Financial Stock Performance

NASDAQ:ESQ opened at $129.63 on Friday. Esquire Financial has a fifty-two week low of $90.57 and a fifty-two week high of $134.82. The stock has a market capitalization of $1.12 billion, a P/E ratio of 21.39 and a beta of 0.39. The company’s 50-day simple moving average is $116.54 and its 200-day simple moving average is $111.06.

Esquire Financial (NASDAQ:ESQ) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.56 by $0.04. Esquire Financial had a net margin of 29.30% and a return on equity of 18.59%. The firm had revenue of $42.13 million during the quarter, compared to analyst estimates of $41.59 million. On average, research analysts forecast that Esquire Financial will post 6.9 EPS 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.