Esquire Financial (NASDAQ:ESQ) Issues Quarterly Earnings Results

Esquire Financial (NASDAQ:ESQ) issued its quarterly earnings data on Thursday. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04, Zacks reports. Esquire Financial had a net margin of 31.36% and a return on equity of 20.43%. The firm had revenue of $33.66 million during the quarter, compared to the consensus estimate of $29.99 million.

Esquire Financial Price Performance

Shares of ESQ stock traded up $0.23 during mid-day trading on Friday, hitting $59.30. The stock had a trading volume of 77,380 shares, compared to its average volume of 34,598. The firm has a market capitalization of $491.60 million, a P/E ratio of 12.75 and a beta of 0.72. Esquire Financial has a 12-month low of $43.24 and a 12-month high of $59.56. The firm’s 50-day moving average is $48.74 and its two-hundred day moving average is $48.51.

Esquire Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Thursday, August 15th. Esquire Financial’s dividend payout ratio is presently 12.90%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $68.00 price target (up previously from $62.00) on shares of Esquire Financial in a research note on Friday. Piper Sandler boosted their price objective on Esquire Financial from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th.

Insider Activity

In other Esquire Financial news, Director Selig Zises sold 10,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $47.76, for a total transaction of $477,600.00. Following the transaction, the director now directly owns 115,033 shares in the company, valued at approximately $5,493,976.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 18.90% of the company’s stock.

Esquire Financial Company 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.