Esquire Financial (NASDAQ:ESQ) Shares Gap Down to $65.21

Shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) gapped down before the market opened on Tuesday . The stock had previously closed at $65.21, but opened at $63.58. Esquire Financial shares last traded at $63.58, with a volume of 1,154 shares trading hands.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods restated an “outperform” rating and set a $68.00 target price (up previously from $62.00) on shares of Esquire Financial in a research note on Friday, July 26th.

Esquire Financial Trading Down 2.5 %

The stock has a 50 day simple moving average of $59.79 and a 200-day simple moving average of $51.93. The firm has a market cap of $527.43 million, a PE ratio of 14.02 and a beta of 0.70.

Esquire Financial (NASDAQ:ESQ) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. The company had revenue of $33.66 million for the quarter, compared to analysts’ expectations of $29.99 million. Esquire Financial had a return on equity of 19.92% and a net margin of 31.36%. On average, equities research analysts expect that Esquire Financial Holdings, Inc. will post 5.13 EPS for the current year.

Esquire Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. Esquire Financial’s dividend payout ratio (DPR) is 12.90%.

Institutional Trading of Esquire Financial

Hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in shares of Esquire Financial in the 2nd quarter worth about $401,000. Squarepoint Ops LLC increased its stake in Esquire Financial by 102.5% during the second quarter. Squarepoint Ops LLC now owns 14,822 shares of the company’s stock worth $706,000 after acquiring an additional 7,502 shares during the last quarter. Marshall Wace LLP purchased a new stake in Esquire Financial during the second quarter valued at approximately $926,000. Dimensional Fund Advisors LP lifted its stake in shares of Esquire Financial by 9.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 202,847 shares of the company’s stock valued at $9,655,000 after purchasing an additional 17,333 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Esquire Financial in the 2nd quarter worth approximately $59,000. 54.66% of the stock is owned by hedge funds and other institutional investors.

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.