Esquire Financial Holdings, Inc. $ESQ Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,925 shares of the company’s stock after purchasing an additional 7,673 shares during the quarter. Geode Capital Management LLC owned approximately 2.36% of Esquire Financial worth $18,927,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp purchased a new position in Esquire Financial in the second quarter valued at $190,000. Bessemer Group Inc. purchased a new position in shares of Esquire Financial in the 2nd quarter valued at about $221,000. Envestnet Asset Management Inc. acquired a new stake in shares of Esquire Financial during the 2nd quarter worth about $2,438,000. Copeland Capital Management LLC raised its position in shares of Esquire Financial by 40,107.1% during the 2nd quarter. Copeland Capital Management LLC now owns 244,861 shares of the company’s stock worth $23,179,000 after acquiring an additional 244,252 shares in the last quarter. Finally, USA Financial Formulas lifted its stake in Esquire Financial by 99.7% during the second quarter. USA Financial Formulas now owns 1,338 shares of the company’s stock worth $127,000 after purchasing an additional 668 shares during the last quarter. 54.66% of the stock is owned by hedge funds and other institutional investors.

Esquire Financial Stock Down 0.9%

Shares of ESQ stock opened at $102.02 on Monday. The stock’s 50-day moving average price is $100.07 and its 200 day moving average price is $97.06. The stock has a market capitalization of $873.86 million, a PE ratio of 17.90 and a beta of 0.53. Esquire Financial Holdings, Inc. has a 52-week low of $68.90 and a 52-week high of $107.25.

Esquire Financial (NASDAQ:ESQ) last announced its earnings results on Thursday, October 23rd. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.01. The company had revenue of $37.57 million for the quarter, compared to the consensus estimate of $30.21 million. Esquire Financial had a return on equity of 19.08% and a net margin of 31.26%. Analysts expect that Esquire Financial Holdings, Inc. will post 5.52 earnings per share for the current fiscal year.

Esquire Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a $0.175 dividend. The ex-dividend date is Friday, November 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.7%. Esquire Financial’s dividend payout ratio (DPR) is presently 12.28%.

Analysts Set New Price Targets

Several equities research analysts recently commented on ESQ shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Esquire Financial in a research note on Wednesday, October 8th. Wall Street Zen downgraded Esquire Financial from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. Finally, Piper Sandler upped their target price on Esquire Financial from $113.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Esquire Financial has a consensus rating of “Moderate Buy” and an average target price of $113.00.

About Esquire Financial

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.