Cetera Investment Advisers Sells 271 Shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Cetera Investment Advisers cut its stake in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,020 shares of the company’s stock after selling 271 shares during the quarter. Cetera Investment Advisers owned approximately 0.11% of Esquire Financial worth $717,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in shares of Esquire Financial by 38.3% in the 4th quarter. SG Americas Securities LLC now owns 3,203 shares of the company’s stock valued at $255,000 after purchasing an additional 887 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Esquire Financial in the fourth quarter valued at $534,000. Ampfield Management L.P. boosted its position in Esquire Financial by 10.9% during the fourth quarter. Ampfield Management L.P. now owns 251,633 shares of the company’s stock valued at $20,005,000 after acquiring an additional 24,773 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in Esquire Financial during the fourth quarter valued at $238,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Esquire Financial by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,453 shares of the company’s stock worth $1,626,000 after acquiring an additional 467 shares during the period. Institutional investors own 54.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ESQ shares. Piper Sandler boosted their price objective on Esquire Financial from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods boosted their price target on Esquire Financial from $85.00 to $94.00 and gave the company a “market perform” rating in a research note on Tuesday, April 29th.

Insider Buying and Selling at Esquire Financial

In other Esquire Financial news, Director Kevin C. Waterhouse sold 3,000 shares of the firm’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $83.87, for a total value of $251,610.00. Following the transaction, the director now directly owns 86,599 shares of the company’s stock, valued at approximately $7,263,058.13. This trade represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ari P. Kornhaber sold 20,000 shares of the business’s stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $83.51, for a total transaction of $1,670,200.00. Following the sale, the executive vice president now directly owns 104,644 shares of the company’s stock, valued at approximately $8,738,820.44. The trade was a 16.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,000 shares of company stock valued at $3,473,610. Company insiders own 18.00% of the company’s stock.

Esquire Financial Trading Down 0.8%

NASDAQ:ESQ opened at $88.69 on Monday. The stock has a market capitalization of $750.49 million, a price-to-earnings ratio of 17.19 and a beta of 0.51. The firm has a fifty day simple moving average of $81.55 and a two-hundred day simple moving average of $80.08. Esquire Financial Holdings, Inc. has a 12 month low of $44.55 and a 12 month high of $92.50.

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

Esquire Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a $0.175 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.70 annualized dividend and a yield of 0.79%. Esquire Financial’s payout ratio is currently 13.23%.

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 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.