Esquire Financial (NASDAQ:ESQ) Price Target Raised to $120.00 at Keefe, Bruyette & Woods

Esquire Financial (NASDAQ:ESQ) had its price target lifted by Keefe, Bruyette & Woods from $115.00 to $120.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Several other equities research analysts also recently commented on the stock. Wall Street Zen downgraded shares of Esquire Financial from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Esquire Financial in a research report on Monday, December 22nd. Finally, Piper Sandler boosted their price target on Esquire Financial from $113.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Esquire Financial Stock Performance

Shares of NASDAQ ESQ opened at $108.17 on Friday. Esquire Financial has a fifty-two week low of $68.90 and a fifty-two week high of $134.82. The company has a market cap of $927.02 million, a PE ratio of 18.40 and a beta of 0.43. The business has a 50-day simple moving average of $104.50 and a two-hundred day simple moving average of $100.86.

Esquire Financial (NASDAQ:ESQ) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). The company had revenue of $6.12 million for the quarter, compared to analyst estimates of $31.93 million. Esquire Financial had a net margin of 30.90% and a return on equity of 18.72%. On average, sell-side analysts predict that Esquire Financial will post 5.52 earnings per share for the current fiscal year.

Esquire Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were paid 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 0.6%. Esquire Financial’s dividend payout ratio (DPR) is presently 12.28%.

Institutional Trading of Esquire Financial

A number of hedge funds have recently modified their holdings of the stock. Copeland Capital Management LLC grew its holdings in Esquire Financial by 40,107.1% during the second 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 during the period. Royal Bank of Canada grew its stake in shares of Esquire Financial by 215.3% during the 1st quarter. Royal Bank of Canada now owns 81,087 shares of the company’s stock worth $6,113,000 after purchasing an additional 55,367 shares during the period. Envestnet Asset Management Inc. purchased a new position in shares of Esquire Financial during the 2nd quarter valued at approximately $2,438,000. American Century Companies Inc. lifted its stake in shares of Esquire Financial by 6.8% in the 2nd quarter. American Century Companies Inc. now owns 224,198 shares of the company’s stock valued at $21,223,000 after purchasing an additional 14,207 shares during the period. Finally, Millennium Management LLC purchased a new stake in Esquire Financial during the third quarter worth $1,431,000. Hedge funds and other institutional investors own 54.66% of the company’s stock.

Esquire Financial Company 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.