Esquire Financial (NASDAQ:ESQ) Hits New 1-Year High – Should You Buy?

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $78.93 and last traded at $78.93, with a volume of 2998 shares traded. The stock had previously closed at $76.50.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ESQ. Piper Sandler reaffirmed an “overweight” rating and set a $75.00 target price (up previously from $72.00) on shares of Esquire Financial in a research note on Friday, October 25th. Keefe, Bruyette & Woods cut Esquire Financial from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $68.00 to $72.00 in a report on Wednesday, October 2nd.

Esquire Financial Trading Down 0.3 %

The company’s 50 day moving average is $66.89 and its 200 day moving average is $57.72. The company has a market cap of $642.64 million, a PE ratio of 15.54 and a beta of 0.70.

Esquire Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, November 15th. Esquire Financial’s dividend payout ratio (DPR) is presently 12.07%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in Esquire Financial by 36.6% during the 3rd 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 stake in Esquire Financial in the third quarter worth about $54,000. Copeland Capital Management LLC bought a new position in Esquire Financial during the 3rd quarter worth about $64,000. Meeder Asset Management Inc. purchased a new position in Esquire Financial during the 2nd quarter valued at about $59,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Esquire Financial in the 2nd quarter valued at about $91,000. 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.