SG Americas Securities LLC Has $255,000 Position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

SG Americas Securities LLC grew its holdings in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 38.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,203 shares of the company’s stock after purchasing an additional 887 shares during the quarter. SG Americas Securities LLC’s holdings in Esquire Financial were worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of 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 during the period. FMR LLC boosted its holdings in Esquire Financial by 14.3% in the third quarter. FMR LLC now owns 2,115 shares of the company’s stock worth $138,000 after acquiring an additional 264 shares in the last quarter. Rosenthal Henry Capital Advisors Inc. grew its stake in Esquire Financial by 2.0% in the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 40,800 shares of the company’s stock valued at $2,661,000 after acquiring an additional 800 shares during the period. Quantbot Technologies LP bought a new stake in shares of Esquire Financial during the third quarter valued at approximately $54,000. Finally, Copeland Capital Management LLC acquired a new position in shares of Esquire Financial during the third quarter worth approximately $64,000. Institutional investors own 54.66% of the company’s stock.

Analyst Upgrades and Downgrades

ESQ has been the subject of a number of recent research reports. Piper Sandler boosted their price objective on Esquire Financial from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Raymond James downgraded Esquire Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $85.00 price objective (up from $80.00) on shares of Esquire Financial in a research note on Monday, January 27th.

Esquire Financial Stock Performance

NASDAQ:ESQ opened at $88.00 on Friday. Esquire Financial Holdings, Inc. has a 52 week low of $44.45 and a 52 week high of $90.18. The firm has a 50-day moving average price of $81.40 and a two-hundred day moving average price of $69.85. The firm has a market cap of $732.16 million, a price-to-earnings ratio of 17.05 and a beta of 0.73.

Esquire Financial (NASDAQ:ESQ) last released its earnings results on Thursday, January 23rd. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.01). Esquire Financial had a net margin of 31.58% and a return on equity of 19.93%. As a group, sell-side analysts forecast that Esquire Financial Holdings, Inc. will post 5.52 earnings per share for the current year.

Esquire Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.175 dividend. This is an increase from Esquire Financial’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, February 14th. Esquire Financial’s payout ratio is 11.63%.

Insider Buying and Selling

In other news, Director Selig Zises sold 8,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was 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 $4,805,878.77. This represents a 11.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Melohn sold 3,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.15, for a total value of $237,450.00. Following the transaction, the director now owns 3,683 shares of the company’s stock, valued at $291,509.45. The trade was a 44.89 % decrease in their position. The disclosure for this sale can be found here. 18.90% of the stock is owned by insiders.

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.