Corient Private Wealth LLC Increases Stock Position in Esquire Financial Holdings, Inc. $ESQ

Corient Private Wealth LLC boosted its position in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 70.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,038 shares of the company’s stock after buying an additional 6,629 shares during the quarter. Corient Private Wealth LLC owned approximately 0.19% of Esquire Financial worth $1,518,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Tower Research Capital LLC TRC grew its holdings in Esquire Financial by 352.5% in the second quarter. Tower Research Capital LLC TRC now owns 810 shares of the company’s stock valued at $77,000 after purchasing an additional 631 shares during the period. USA Financial Formulas raised its position 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 acquiring an additional 668 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Esquire Financial during the second quarter valued at $190,000. Tidal Investments LLC purchased a new position in Esquire Financial during the second quarter valued at $207,000. Finally, Bessemer Group Inc. acquired a new stake in shares of Esquire Financial in the second quarter valued at about $221,000. 54.66% of the stock is currently owned by institutional investors and hedge funds.

Esquire Financial Trading Up 0.5%

Esquire Financial stock opened at $106.28 on Thursday. The company has a 50-day moving average price of $101.03 and a 200 day moving average price of $98.96. Esquire Financial Holdings, Inc. has a 12-month low of $68.90 and a 12-month high of $110.71. The stock has a market cap of $910.39 million, a P/E ratio of 18.65 and a beta of 0.42.

Esquire Financial (NASDAQ:ESQ) last posted its quarterly 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 business had revenue of $37.57 million during the quarter, compared to analysts’ expectations of $30.21 million. Esquire Financial had a net margin of 31.26% and a return on equity of 18.55%. As a group, analysts forecast that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current year.

Esquire Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were given a dividend of $0.175 per share. The ex-dividend date was Friday, November 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.7%. Esquire Financial’s dividend payout ratio (DPR) is currently 12.28%.

Wall Street Analysts Forecast Growth

ESQ has been the topic of several research analyst reports. Weiss Ratings reiterated a “buy (b+)” rating on shares of Esquire Financial in a report on Monday. Wall Street Zen downgraded Esquire Financial from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. Finally, Piper Sandler increased their target price on shares of Esquire Financial from $113.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.00.

Esquire Financial Profile

Esquire Financial Holdings, Inc is a bank holding company whose principal subsidiary, Esquire Bank, specializes in residential mortgage lending and community banking services. Headquartered in Kansas City, Missouri, the company operates through multiple distribution channels, including retail branches, wholesale and correspondent lending divisions. Esquire Financial focuses on tailored home financing solutions while maintaining a community-oriented approach to banking.

In its mortgage lending business, Esquire Bank originates and services a range of home loan products, including government-insured mortgages (FHA, VA and USDA) as well as conventional conforming and jumbo loans.