Esquire Financial’s (ESQ) Market Perform Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their market perform rating on shares of Esquire Financial (NASDAQ:ESQ) in a report published on Monday morning,Benzinga reports. They currently have a $85.00 price objective on the stock, up from their previous price objective of $80.00.

Several other research analysts also recently commented on ESQ. Piper Sandler reissued an “overweight” rating and set a $75.00 price target (up from $72.00) on shares of Esquire Financial in a research note on Friday, October 25th. Raymond James cut shares of Esquire Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, January 24th.

Esquire Financial Stock Performance

NASDAQ ESQ opened at $85.27 on Monday. The company has a market capitalization of $709.53 million, a P/E ratio of 17.16 and a beta of 0.73. Esquire Financial has a 52-week low of $44.45 and a 52-week high of $90.00. The company has a fifty day moving average of $80.14 and a 200-day moving average of $68.62.

Esquire Financial (NASDAQ:ESQ) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). Esquire Financial had a return on equity of 19.53% and a net margin of 31.38%. As a group, analysts forecast that Esquire Financial will post 5.18 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Selig Zises sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $76.77, for a total value of $614,160.00. Following the sale, the director now directly owns 62,601 shares of the company’s stock, valued at $4,805,878.77. This trade represents a 11.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph Melohn sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $79.15, for a total value of $237,450.00. Following the transaction, the director now directly owns 3,683 shares of the company’s stock, valued at $291,509.45. The trade was a 44.89 % decrease in their position. The disclosure for this sale can be found here. 18.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Esquire Financial

Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its stake in Esquire Financial by 36.6% in the third quarter. Farther Finance Advisors LLC now owns 798 shares of the company’s stock worth $52,000 after acquiring an additional 214 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Esquire Financial in the 3rd quarter worth about $54,000. Copeland Capital Management LLC bought a new stake in shares of Esquire Financial during the 3rd quarter valued at about $64,000. FMR LLC increased its position in shares of Esquire Financial by 14.3% during the third quarter. FMR LLC now owns 2,115 shares of the company’s stock valued at $138,000 after buying an additional 264 shares during the period. Finally, SG Americas Securities LLC bought a new position in Esquire Financial in the third quarter worth about $151,000. 54.66% of the stock is currently owned by institutional investors.

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.