Esquire Financial (NASDAQ:ESQ) Director Robert Mitzman Sells 3,000 Shares of Stock

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Robert Mitzman sold 3,000 shares of the stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $129.60, for a total transaction of $388,800.00. Following the transaction, the director directly owned 139,679 shares in the company, valued at approximately $18,102,398.40. This represents a 2.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Esquire Financial Stock Performance

NASDAQ:ESQ traded up $2.17 during trading hours on Monday, reaching $131.40. The company’s stock had a trading volume of 46,807 shares, compared to its average volume of 109,634. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 21.68 and a beta of 0.39. The firm has a 50-day simple moving average of $116.91 and a 200-day simple moving average of $111.23. Esquire Financial Holdings, Inc. has a 1 year low of $91.64 and a 1 year high of $134.82.

Esquire Financial (NASDAQ:ESQ) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating 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 business had revenue of $42.13 million during the quarter, compared to analyst estimates of $41.59 million. Equities analysts anticipate that Esquire Financial Holdings, Inc. will post 6.9 earnings per share for the current fiscal year.

Esquire Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a $0.20 dividend. 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, August 14th. Esquire Financial’s payout ratio is 13.20%.

Institutional Investors Weigh In On Esquire Financial

Large investors have recently made changes to their positions in the business. Global Retirement Partners LLC bought a new position in shares of Esquire Financial during the fourth quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd boosted its holdings in Esquire Financial by 247.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 553 shares of the company’s stock valued at $56,000 after acquiring an additional 394 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Esquire Financial by 64.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 690 shares of the company’s stock valued at $70,000 after purchasing an additional 270 shares during the period. Tower Research Capital LLC TRC increased 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 period. Finally, Advisory Services Network LLC purchased a new position in Esquire Financial during the 3rd quarter valued at $93,000. 54.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on ESQ shares. Wall Street Zen lowered Esquire Financial from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Weiss Ratings downgraded Esquire Financial from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Esquire Financial presently has an average rating of “Buy” and an average price target of $120.33.

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.