Quantbot Technologies LP Makes New Investment in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Quantbot Technologies LP purchased a new stake in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 834 shares of the company’s stock, valued at approximately $54,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. boosted its position in shares of Esquire Financial by 21.7% during the 2nd 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 $954,000. Marshall Wace LLP acquired a new stake in shares of Esquire Financial in the 2nd quarter valued at $926,000. Dimensional Fund Advisors LP increased 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, Cornercap Investment Counsel Inc. acquired a new position in shares of Esquire Financial during the 2nd quarter worth $570,000. 54.66% of the stock is currently owned by institutional investors and hedge funds.

Esquire Financial Stock Performance

Shares of ESQ opened at $77.86 on Friday. The stock has a market capitalization of $647.80 million, a price-to-earnings ratio of 15.67 and a beta of 0.74. Esquire Financial Holdings, Inc. has a 52 week low of $44.45 and a 52 week high of $80.79. The stock has a fifty day moving average of $69.56 and a 200-day moving average of $59.51.

Esquire Financial Dividend Announcement

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

Insider Activity at Esquire Financial

In related news, Director Selig Zises sold 8,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $76.77, for a total transaction of $614,160.00. Following the transaction, the director now owns 62,601 shares of the company’s stock, valued at approximately $4,805,878.77. This trade represents a 11.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 18.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ESQ has been the topic of several research analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $75.00 price objective (up from $72.00) on shares of Esquire Financial in a research note on Friday, October 25th. Keefe, Bruyette & Woods raised their price target on shares of Esquire Financial from $72.00 to $80.00 and gave the company a “market perform” rating in a research note on Wednesday.

Esquire Financial 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.