Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Shareholders to Get $0.20 Quarterly Dividend

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.20 per share on Tuesday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, November 13th.

Esquire Financial has a dividend payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Esquire Financial to earn $8.65 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

Shares of ESQ opened at $127.70 on Friday. The company has a 50-day simple moving average of $119.11 and a 200-day simple moving average of $114.29. The firm has a market capitalization of $1.55 billion, a P/E ratio of 21.25 and a beta of 0.40. Esquire Financial has a 52 week low of $92.10 and a 52 week high of $134.82.

Esquire Financial (NASDAQ:ESQ) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.23. Esquire Financial had a return on equity of 21.49% and a net margin of 26.92%. The firm had revenue of $61.39 million for the quarter, compared to analysts’ expectations of $59.93 million. As a group, equities analysts forecast that Esquire Financial will post 7.49 earnings per share for the current year.

About Esquire Financial

Esquire Financial Holdings, Inc is the bank holding company for Esquire Bank, a federally chartered community bank headquartered in Jericho, New York. Esquire Bank primarily serves law firms, attorneys, and other professional-service businesses, as well as small and middle-market companies, entrepreneurs, and individuals.

The bank provides commercial banking products and services that include business checking and savings accounts, commercial loans, lines of credit, commercial real estate financing, construction lending, and small business lending.