Farther Finance Advisors LLC Increases Stake in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Farther Finance Advisors LLC lifted its stake in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 36.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 798 shares of the company’s stock after buying an additional 214 shares during the quarter. Farther Finance Advisors LLC’s holdings in Esquire Financial were worth $52,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of ESQ. Grandeur Peak Global Advisors LLC boosted its stake in Esquire Financial by 50.0% during the first quarter. Grandeur Peak Global Advisors LLC now owns 85,695 shares of the company’s stock worth $4,068,000 after acquiring an additional 28,569 shares in the last quarter. American Century Companies Inc. boosted its stake in Esquire Financial by 21.7% during the second quarter. American Century Companies Inc. now owns 122,222 shares of the company’s stock worth $5,818,000 after acquiring an additional 21,833 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Esquire Financial during the second quarter worth about $954,000. Marshall Wace LLP bought a new stake in Esquire Financial during the second quarter worth about $926,000. Finally, Dimensional Fund Advisors LP boosted its stake in Esquire Financial by 9.3% during the second quarter. Dimensional Fund Advisors LP now owns 202,847 shares of the company’s stock worth $9,655,000 after acquiring an additional 17,333 shares in the last quarter. Hedge funds and other institutional investors own 54.66% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Piper Sandler reiterated an “overweight” rating and issued 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 downgraded shares of Esquire Financial from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $68.00 to $72.00 in a research report on Wednesday, October 2nd.

Esquire Financial Price Performance

Shares of ESQ stock opened at $74.40 on Thursday. The company has a market capitalization of $618.26 million, a price-to-earnings ratio of 14.97 and a beta of 0.70. The company’s fifty day moving average price is $64.77 and its 200-day moving average price is $56.26. Esquire Financial Holdings, Inc. has a one year low of $44.45 and a one year high of $76.91.

Esquire Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.81%. Esquire Financial’s dividend payout ratio is currently 12.07%.

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.