Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Joseph Melohn Sells 3,000 Shares

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Joseph Melohn sold 3,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.15, for a total transaction of $237,450.00. Following the completion of the sale, the director now directly owns 3,683 shares of the company’s stock, valued at $291,509.45. This represents a 44.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Esquire Financial Stock Down 1.8 %

NASDAQ:ESQ traded down $1.43 on Thursday, reaching $77.50. 106,606 shares of the company’s stock were exchanged, compared to its average volume of 35,057. The firm has a market capitalization of $644.88 million, a price-to-earnings ratio of 15.59 and a beta of 0.74. Esquire Financial Holdings, Inc. has a 52-week low of $44.45 and a 52-week high of $80.89. The business has a fifty day moving average of $72.16 and a 200-day moving average of $61.29.

Esquire Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Friday, November 15th. Esquire Financial’s dividend payout ratio is currently 12.07%.

Institutional Trading of Esquire Financial

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in Esquire Financial by 36.6% in the third quarter. Farther Finance Advisors LLC now owns 798 shares of the company’s stock valued at $52,000 after purchasing an additional 214 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Esquire Financial in the 3rd quarter valued at $54,000. Meeder Asset Management Inc. acquired a new stake in Esquire Financial during the 2nd quarter worth $59,000. Copeland Capital Management LLC acquired a new position in Esquire Financial in the third quarter valued at $64,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Esquire Financial during the second quarter worth about $91,000. 54.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $75.00 price target (up previously from $72.00) on shares of Esquire Financial in a research note on Friday, October 25th. Keefe, Bruyette & Woods lifted their target price on shares of Esquire Financial from $72.00 to $80.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

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.