Esquire Financial Holdings Inc (ESQ) Shares Bought by Bank of New York Mellon Corp

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Bank of New York Mellon Corp increased its holdings in shares of Esquire Financial Holdings Inc (NASDAQ:ESQ) by 89.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,014 shares of the company’s stock after buying an additional 13,663 shares during the quarter. Bank of New York Mellon Corp owned 0.39% of Esquire Financial worth $765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in ESQ. Wasatch Advisors Inc. grew its stake in Esquire Financial by 14.9% during the 2nd quarter. Wasatch Advisors Inc. now owns 326,620 shares of the company’s stock worth $8,620,000 after buying an additional 42,424 shares during the last quarter. Millennium Management LLC purchased a new stake in Esquire Financial during the 1st quarter valued at about $681,000. Acadian Asset Management LLC grew its stake in Esquire Financial by 275.0% during the 2nd quarter. Acadian Asset Management LLC now owns 19,629 shares of the company’s stock valued at $518,000 after purchasing an additional 14,395 shares during the last quarter. Finally, Granite Investment Partners LLC grew its stake in Esquire Financial by 97.9% during the 2nd quarter. Granite Investment Partners LLC now owns 16,826 shares of the company’s stock valued at $444,000 after purchasing an additional 8,325 shares during the last quarter. Hedge funds and other institutional investors own 42.40% of the company’s stock.

ESQ has been the topic of several research analyst reports. Sandler O’Neill set a $27.00 price target on Esquire Financial and gave the company a “hold” rating in a research note on Wednesday, July 25th. ValuEngine downgraded Esquire Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th.

Esquire Financial stock opened at $23.32 on Friday. The stock has a market cap of $181.53 million, a price-to-earnings ratio of 27.39 and a beta of 0.85. Esquire Financial Holdings Inc has a fifty-two week low of $15.64 and a fifty-two week high of $29.45.

Esquire Financial (NASDAQ:ESQ) last posted its quarterly earnings results on Wednesday, July 25th. The company reported $0.29 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The business had revenue of $8.62 million for the quarter. Esquire Financial had a return on equity of 7.89% and a net margin of 19.08%.

In other Esquire Financial news, Director Richard T. Powers sold 1,500 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $25.47, for a total transaction of $38,205.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 23.30% of the stock is currently owned by insiders.

Esquire Financial Profile

Esquire Financial Holdings, Inc operates as the bank holding company for Esquire Bank, National Association that provides commercial banking products and services to law professionals, professional service firms, small to mid-sized businesses, and individuals in the United States. The company offers checking, savings, money market, and time deposits, as well as certificates of deposit.

Further Reading: How analysts view the yield curve

Institutional Ownership by Quarter for Esquire Financial (NASDAQ:ESQ)

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