BNP Paribas Financial Markets Acquires 3,795 Shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

BNP Paribas Financial Markets boosted its holdings in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 156.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,228 shares of the company’s stock after purchasing an additional 3,795 shares during the period. BNP Paribas Financial Markets owned about 0.07% of Esquire Financial worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ESQ. Farther Finance Advisors LLC grew its position in shares of Esquire Financial by 36.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 798 shares of the company’s stock valued at $52,000 after acquiring an additional 214 shares during the period. Quantbot Technologies LP bought a new position in shares of Esquire Financial in the 3rd quarter valued at about $54,000. Meeder Asset Management Inc. bought a new position in shares of Esquire Financial in the 2nd quarter valued at about $59,000. Copeland Capital Management LLC bought a new position in shares of Esquire Financial in the 3rd quarter valued at about $64,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Esquire Financial in the 2nd quarter valued at about $91,000. Institutional investors own 54.66% of the company’s stock.

Wall Street Analysts Forecast Growth

ESQ has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Esquire Financial from $72.00 to $80.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. 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 report on Friday, October 25th.

Esquire Financial Stock Performance

Shares of ESQ stock opened at $77.17 on Friday. The company has a market capitalization of $642.13 million, a price-to-earnings ratio of 15.53 and a beta of 0.74. The company has a 50-day simple moving average of $71.15 and a 200 day simple moving average of $60.60. Esquire Financial Holdings, Inc. has a 52 week low of $44.45 and a 52 week high of $80.89.

Esquire Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, November 15th. Esquire Financial’s payout ratio is 12.07%.

Insiders Place Their Bets

In other Esquire Financial news, Director Rena Nigam acquired 640 shares of the company’s stock in a transaction on Monday, December 9th. The stock was acquired at an average price of $77.50 per share, for a total transaction of $49,600.00. Following the purchase, the director now directly owns 1,867 shares of the company’s stock, valued at $144,692.50. This trade represents a 52.16 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Selig Zises sold 8,000 shares of Esquire Financial stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $76.77, for a total transaction of $614,160.00. Following the completion of the sale, the director now owns 62,601 shares of the company’s stock, valued at $4,805,878.77. This trade represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.90% 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.