Barclays PLC Acquires 7,869 Shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Barclays PLC grew its holdings in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 322.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,308 shares of the company’s stock after acquiring an additional 7,869 shares during the quarter. Barclays PLC owned about 0.12% of Esquire Financial worth $672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ESQ. Farther Finance Advisors LLC raised its position in Esquire Financial by 36.6% during 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 in the last quarter. Quantbot Technologies LP bought a new position in shares of Esquire Financial during the 3rd quarter valued at about $54,000. Copeland Capital Management LLC purchased a new position in shares of Esquire Financial during the 3rd quarter valued at about $64,000. FMR LLC raised its holdings in shares of Esquire Financial by 14.3% during the 3rd quarter. FMR LLC now owns 2,115 shares of the company’s stock valued at $138,000 after buying an additional 264 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Esquire Financial in the 3rd quarter worth approximately $151,000. Hedge funds and other institutional investors own 54.66% of the company’s stock.

Insider Transactions at Esquire Financial

In other Esquire Financial news, Director Joseph Melohn sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $79.15, for a total transaction of $237,450.00. Following the completion of the transaction, the director now owns 3,683 shares of the company’s stock, valued at $291,509.45. This represents a 44.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Selig Zises sold 8,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $76.77, for a total value of $614,160.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Company insiders own 18.90% of the company’s stock.

Wall Street Analyst Weigh In

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

Esquire Financial Trading Up 1.2 %

NASDAQ ESQ opened at $84.27 on Friday. The firm has a market cap of $701.13 million, a PE ratio of 16.96 and a beta of 0.73. Esquire Financial Holdings, Inc. has a 1-year low of $44.45 and a 1-year high of $84.41. The stock has a 50-day moving average of $77.60 and a 200-day moving average of $65.96.

Esquire Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 0.71%. Esquire Financial’s 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.