Invesco Ltd. Has $4.81 Million Stock Position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Invesco Ltd. cut its position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,456 shares of the company’s stock after selling 6,768 shares during the period. Invesco Ltd. owned 0.73% of Esquire Financial worth $4,806,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in Esquire Financial by 322.6% in the 3rd quarter. Barclays PLC now owns 10,308 shares of the company’s stock valued at $672,000 after acquiring an additional 7,869 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Esquire Financial by 3.4% in the third quarter. Geode Capital Management LLC now owns 182,259 shares of the company’s stock valued at $11,887,000 after purchasing an additional 6,025 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Esquire Financial in the 4th quarter worth approximately $534,000. Franklin Resources Inc. acquired a new position in Esquire Financial during the 3rd quarter worth $252,000. Finally, American Century Companies Inc. lifted its holdings in Esquire Financial by 16.8% during the 4th quarter. American Century Companies Inc. now owns 166,915 shares of the company’s stock worth $13,270,000 after buying an additional 23,998 shares in the last quarter. 54.66% of the stock is owned by institutional investors.

Esquire Financial Stock Performance

ESQ opened at $85.30 on Friday. The company has a fifty day moving average price of $76.40 and a two-hundred day moving average price of $76.94. The firm has a market capitalization of $719.25 million, a PE ratio of 16.53 and a beta of 0.52. Esquire Financial Holdings, Inc. has a 52 week low of $44.55 and a 52 week high of $90.18.

Esquire Financial (NASDAQ:ESQ) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.03. Esquire Financial had a return on equity of 19.93% and a net margin of 31.58%. The business had revenue of $33.76 million during the quarter, compared to analysts’ expectations of $30.71 million. Equities analysts forecast that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current year.

Esquire Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a $0.175 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.82%. Esquire Financial’s dividend payout ratio is 13.57%.

Insider Activity at Esquire Financial

In related news, Director Richard T. Powers sold 1,427 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $86.99, for a total value of $124,134.73. Following the completion of the transaction, the director now directly owns 58,997 shares in the company, valued at approximately $5,132,149.03. The trade was a 2.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Selig Zises sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $77.59, for a total transaction of $1,551,800.00. Following the sale, the director now owns 35,501 shares in the company, valued at $2,754,522.59. This trade represents a 36.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ESQ shares. Raymond James downgraded Esquire Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $85.00 price objective (up from $80.00) on shares of Esquire Financial in a research report on Monday, January 27th. Finally, Piper Sandler upped their target price on shares of Esquire Financial from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Monday, January 27th.

Esquire Financial Company Profile

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.