Envestnet Asset Management Inc. Raises Stock Position in Esquire Financial Holdings, Inc. $ESQ

Envestnet Asset Management Inc. increased its stake in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 45.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,387 shares of the company’s stock after buying an additional 11,628 shares during the period. Envestnet Asset Management Inc. owned 0.44% of Esquire Financial worth $3,816,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ESQ. Sowell Financial Services LLC purchased a new position in shares of Esquire Financial during the 3rd quarter worth approximately $1,264,000. Geode Capital Management LLC grew its stake in Esquire Financial by 4.0% in the second quarter. Geode Capital Management LLC now owns 199,925 shares of the company’s stock worth $18,927,000 after purchasing an additional 7,673 shares during the period. Corient Private Wealth LLC raised its holdings in Esquire Financial by 70.5% in the second quarter. Corient Private Wealth LLC now owns 16,038 shares of the company’s stock worth $1,518,000 after purchasing an additional 6,629 shares in the last quarter. American Century Companies Inc. lifted its position in Esquire Financial by 6.8% during the second quarter. American Century Companies Inc. now owns 224,198 shares of the company’s stock valued at $21,223,000 after buying an additional 14,207 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in shares of Esquire Financial by 99.2% during the 2nd quarter. Squarepoint Ops LLC now owns 25,712 shares of the company’s stock valued at $2,434,000 after buying an additional 12,802 shares in the last quarter. 54.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b+)” rating on shares of Esquire Financial in a research note on Monday, December 22nd. Wall Street Zen upgraded shares of Esquire Financial from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Piper Sandler upped their price target on Esquire Financial from $113.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods lifted their price objective on Esquire Financial from $115.00 to $120.00 and gave the company a “market perform” rating in a research note on Friday, January 23rd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Esquire Financial Trading Up 0.9%

Shares of ESQ stock opened at $104.14 on Wednesday. Esquire Financial Holdings, Inc. has a 12-month low of $68.90 and a 12-month high of $134.82. The stock has a market capitalization of $892.48 million, a P/E ratio of 17.71 and a beta of 0.46. The firm’s 50 day moving average is $107.71 and its 200 day moving average is $102.75.

Esquire Financial (NASDAQ:ESQ) last posted its earnings results on Thursday, January 22nd. The company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). Esquire Financial had a net margin of 30.90% and a return on equity of 18.72%. The firm had revenue of $39.40 million during the quarter, compared to the consensus estimate of $31.93 million. As a group, equities analysts predict that Esquire Financial Holdings, Inc. will post 5.52 earnings per share for the current year.

Esquire Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be given a $0.20 dividend. The ex-dividend date is Friday, February 13th. This is a positive change from Esquire Financial’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. Esquire Financial’s dividend payout ratio (DPR) is currently 13.61%.

About Esquire Financial

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.