Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Stock Holdings Lifted by Fmr LLC

Fmr LLC lifted its position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 14.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,115 shares of the company’s stock after acquiring an additional 264 shares during the quarter. Fmr LLC’s holdings in Esquire Financial were worth $138,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ESQ. Farther Finance Advisors LLC lifted its holdings in shares of Esquire Financial by 36.6% in 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 purchased a new stake in Esquire Financial in the 3rd quarter worth about $54,000. Copeland Capital Management LLC purchased a new stake in Esquire Financial in the 3rd quarter worth about $64,000. Meeder Asset Management Inc. acquired a new stake in Esquire Financial during the 2nd quarter worth about $59,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Esquire Financial during the 2nd quarter valued at about $91,000. Institutional investors and hedge funds own 54.66% of the company’s stock.

Insider Activity at Esquire Financial

In other news, Director Joseph Melohn sold 3,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $79.15, for a total transaction of $237,450.00. Following the transaction, the director now owns 3,683 shares of the company’s stock, valued at approximately $291,509.45. This represents a 44.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rena Nigam acquired 640 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average cost of $77.50 per share, for a total transaction of $49,600.00. Following the completion of the purchase, the director now directly owns 1,867 shares in the company, valued at $144,692.50. This represents a 52.16 % increase in their position. The disclosure for this purchase can be found here. Insiders own 18.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ESQ. Keefe, Bruyette & Woods increased their price target on shares of Esquire Financial from $72.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. 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 report on Friday, October 25th.

Esquire Financial Price Performance

Shares of ESQ stock opened at $78.61 on Monday. Esquire Financial Holdings, Inc. has a fifty-two week low of $44.45 and a fifty-two week high of $80.89. The stock’s 50-day moving average is $72.77 and its two-hundred day moving average is $61.73. The firm has a market cap of $654.11 million, a P/E ratio of 15.82 and a beta of 0.74.

Esquire Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.76%. The ex-dividend date was Friday, November 15th. Esquire Financial’s payout ratio is presently 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.