Insider Selling: Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Sells 3,000 Shares of Stock

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Joseph Melohn sold 3,000 shares of Esquire Financial stock in a transaction 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 completion of the sale, the director now directly owns 3,683 shares of the company’s stock, valued at approximately $291,509.45. This represents a 44.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Esquire Financial Stock Down 1.8 %

ESQ stock opened at $77.50 on Friday. The company has a market cap of $644.88 million, a price-to-earnings ratio of 15.59 and a beta of 0.74. The business has a fifty day simple moving average of $72.47 and a 200-day simple moving average of $61.40. Esquire Financial Holdings, Inc. has a 52 week low of $44.45 and a 52 week high of $80.89.

Esquire Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised their price target on Esquire Financial from $72.00 to $80.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler reiterated an “overweight” rating and set a $75.00 price objective (up from $72.00) on shares of Esquire Financial in a report on Friday, October 25th.

Institutional Trading of Esquire Financial

Hedge funds 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 during the last quarter. Quantbot Technologies LP purchased a new position in shares of Esquire Financial during the 3rd quarter valued at approximately $54,000. Meeder Asset Management Inc. acquired a new stake in shares of Esquire Financial during the second quarter worth approximately $59,000. Copeland Capital Management LLC bought a new stake in shares of Esquire Financial in the third quarter worth $64,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Esquire Financial in the second quarter worth $91,000. Hedge funds and other institutional investors own 54.66% 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.