Sanctuary Advisors LLC Invests $401,000 in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Sanctuary Advisors LLC acquired a new position in Esquire Financial Holdings, Inc. (NASDAQ:ESQFree Report) during the second quarter, Holdings Channel reports. The institutional investor acquired 8,154 shares of the company’s stock, valued at approximately $401,000.

A number of other institutional investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new position in Esquire Financial during the first quarter valued at about $42,000. Meeder Asset Management Inc. acquired a new stake in Esquire Financial during the second quarter valued at approximately $59,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Esquire Financial during the second quarter valued at approximately $91,000. Cetera Advisors LLC acquired a new stake in Esquire Financial during the first quarter valued at approximately $420,000. Finally, GSA Capital Partners LLP boosted its holdings in Esquire Financial by 10.6% during the first quarter. GSA Capital Partners LLP now owns 11,066 shares of the company’s stock valued at $525,000 after purchasing an additional 1,065 shares in the last quarter. 54.66% of the stock is currently owned by institutional investors.

Esquire Financial Price Performance

Shares of ESQ opened at $67.55 on Friday. The company has a market capitalization of $560.19 million, a P/E ratio of 14.53 and a beta of 0.70. Esquire Financial Holdings, Inc. has a one year low of $43.24 and a one year high of $67.70. The business’s 50 day simple moving average is $61.12 and its 200-day simple moving average is $53.29.

Esquire Financial (NASDAQ:ESQGet Free Report) last announced its earnings results on Thursday, July 25th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.21 by $0.04. The business had revenue of $33.66 million for the quarter, compared to the consensus estimate of $29.99 million. Esquire Financial had a return on equity of 19.92% and a net margin of 31.36%. On average, sell-side analysts anticipate that Esquire Financial Holdings, Inc. will post 5.14 EPS for the current fiscal year.

Esquire Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Thursday, August 15th. Esquire Financial’s payout ratio is currently 12.90%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods downgraded Esquire Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $68.00 to $72.00 in a report on Wednesday, October 2nd.

Get Our Latest Report on ESQ

About Esquire Financial

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Esquire Financial (NASDAQ:ESQ)

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