Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its holdings in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,055 shares of the company’s stock after purchasing an additional 568 shares during the period. Deutsche Bank AG’s holdings in Esquire Financial were worth $322,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position in shares of Esquire Financial by 151.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 788 shares of the company’s stock valued at $63,000 after acquiring an additional 474 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Esquire Financial in the fourth quarter valued at approximately $207,000. The Manufacturers Life Insurance Company purchased a new position in shares of Esquire Financial in the fourth quarter valued at approximately $213,000. Cornerstone Investment Partners LLC purchased a new position in shares of Esquire Financial in the fourth quarter valued at approximately $218,000. Finally, Delphi Management Inc. MA lifted its position in shares of Esquire Financial by 33.8% in the fourth quarter. Delphi Management Inc. MA now owns 2,776 shares of the company’s stock valued at $221,000 after acquiring an additional 701 shares in the last quarter. 54.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Ari P. Kornhaber sold 20,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 104,644 shares of the company’s stock, valued at $8,738,820.44. The trade was a 16.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kevin C. Waterhouse sold 3,000 shares of the business’s stock in a transaction on Tuesday, April 29th. The stock was 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 $7,263,058.13. The trade was a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their target price on Esquire Financial from $85.00 to $94.00 and gave the company a “market perform” rating in a research report on Tuesday, April 29th.

Esquire Financial Stock Performance

Shares of Esquire Financial stock opened at $90.72 on Friday. The business’s 50 day moving average price is $83.15 and its 200 day moving average price is $80.58. The company has a market cap of $767.67 million, a price-to-earnings ratio of 17.58 and a beta of 0.51. Esquire Financial Holdings, Inc. has a one year low of $44.55 and a one year high of $92.50.

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

Esquire Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid 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 0.77%. Esquire Financial’s payout ratio is presently 13.23%.

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.