Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd increased its position in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 15.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,295 shares of the company’s stock after purchasing an additional 433 shares during the period. XTX Topco Ltd’s holdings in Esquire Financial were worth $248,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ESQ. Versant Capital Management Inc acquired a new position in Esquire Financial in the first quarter valued at $26,000. USA Financial Formulas purchased a new stake in Esquire Financial in the first quarter valued at approximately $51,000. Tower Research Capital LLC TRC lifted its stake in 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 buying an additional 474 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Esquire Financial in the first quarter valued at approximately $106,000. Finally, Jump Financial LLC purchased a new stake in Esquire Financial in the fourth quarter valued at approximately $207,000. Institutional investors and hedge funds own 54.66% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ESQ shares. Wall Street Zen upgraded Esquire Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $110.00 target price (up from $102.00) on shares of Esquire Financial in a report on Friday, July 25th.

Insider Transactions at Esquire Financial

In related news, Director Selig Zises sold 5,000 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $95.38, for a total transaction of $476,900.00. Following the completion of the transaction, the director directly owned 29,501 shares of the company’s stock, valued at $2,813,805.38. This represents a 14.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 18.00% of the stock is owned by corporate insiders.

Esquire Financial Stock Performance

Shares of NASDAQ:ESQ opened at $93.75 on Tuesday. The company has a 50-day simple moving average of $95.16 and a 200-day simple moving average of $86.27. Esquire Financial Holdings, Inc. has a one year low of $54.86 and a one year high of $106.11. The stock has a market capitalization of $793.13 million, a price-to-earnings ratio of 17.30 and a beta of 0.57.

Esquire Financial (NASDAQ:ESQ) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.38. The firm had revenue of ($24.94) million during the quarter, compared to analysts’ expectations of $28.26 million. Esquire Financial had a net margin of 30.96% and a return on equity of 19.33%. As a group, research analysts forecast that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current fiscal year.

Esquire Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, August 15th. Esquire Financial’s dividend payout ratio is currently 12.92%.

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.