Esquire Financial Holdings, Inc. (NASDAQ:ESQ – Get Free Report) announced a quarterly dividend on Wednesday, January 31st, Zacks reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.15 per share on Friday, March 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a boost from Esquire Financial’s previous quarterly dividend of $0.13.
Esquire Financial has a payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Esquire Financial to earn $5.52 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 10.9%.
Esquire Financial Price Performance
Shares of NASDAQ ESQ opened at $47.48 on Monday. The company has a market capitalization of $389.34 million, a P/E ratio of 9.65 and a beta of 0.81. The company has a 50 day simple moving average of $49.01 and a 200-day simple moving average of $47.65. Esquire Financial has a 1 year low of $34.75 and a 1 year high of $54.80.
Insider Activity at Esquire Financial
Institutional Investors Weigh In On Esquire Financial
Hedge funds and other institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC acquired a new position in shares of Esquire Financial in the 1st quarter valued at $28,000. UBS Group AG boosted its stake in Esquire Financial by 49.5% in the first quarter. UBS Group AG now owns 1,390 shares of the company’s stock valued at $46,000 after acquiring an additional 460 shares in the last quarter. BNP Paribas Arbitrage SA purchased a new position in shares of Esquire Financial during the second quarter worth about $52,000. Citigroup Inc. acquired a new stake in shares of Esquire Financial during the first quarter worth about $68,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Esquire Financial in the 3rd quarter valued at about $70,000. 55.91% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. Raymond James started coverage on shares of Esquire Financial in a report on Tuesday, January 16th. They issued a “strong-buy” rating and a $60.00 price objective on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Esquire Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, January 26th.
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.
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