First Manhattan CO. LLC. Has $5.92 Million Holdings in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

First Manhattan CO. LLC. cut its stake in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,476 shares of the company’s stock after selling 5,074 shares during the period. First Manhattan CO. LLC.’s holdings in Esquire Financial were worth $5,921,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ESQ. Deutsche Bank AG boosted its position in shares of Esquire Financial by 16.3% during the 4th quarter. Deutsche Bank AG now owns 4,055 shares of the company’s stock worth $322,000 after purchasing an additional 568 shares in the last quarter. Bosun Asset Management LLC purchased a new position in shares of Esquire Financial in the 4th quarter worth approximately $487,000. Bank of America Corp DE grew its stake in Esquire Financial by 19.4% in the 4th quarter. Bank of America Corp DE now owns 7,261 shares of the company’s stock valued at $577,000 after purchasing an additional 1,182 shares during the period. Ameriprise Financial Inc. grew its position in Esquire Financial by 3.1% during the fourth quarter. Ameriprise Financial Inc. now owns 22,838 shares of the company’s stock valued at $1,816,000 after buying an additional 696 shares during the period. Finally, PDT Partners LLC bought a new position in shares of Esquire Financial during the 4th quarter valued at approximately $269,000. 54.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ESQ has been the subject of several research reports. Keefe, Bruyette & Woods increased their price target on Esquire Financial from $85.00 to $94.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 29th. Piper Sandler upped their target price on shares of Esquire Financial from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Finally, Raymond James cut shares of Esquire Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, January 24th.

Esquire Financial Stock Up 0.5 %

NASDAQ:ESQ opened at $89.68 on Friday. The stock has a market cap of $756.18 million, a P/E ratio of 17.38 and a beta of 0.51. The business’s 50-day moving average price is $77.93 and its two-hundred day moving average price is $78.33. Esquire Financial Holdings, Inc. has a twelve month low of $44.55 and a twelve month high of $90.91.

Esquire Financial (NASDAQ:ESQ) last announced its earnings results on Thursday, April 24th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.03. The business had revenue of $33.76 million during the quarter, compared to analyst estimates of $30.71 million. Esquire Financial had a net margin of 31.58% and a return on equity of 19.93%. On average, equities research analysts expect that Esquire Financial Holdings, Inc. will post 5.52 EPS for the current fiscal year.

Esquire Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.70 dividend on an annualized basis and a yield of 0.78%. Esquire Financial’s dividend payout ratio is presently 13.23%.

Insider Buying and Selling at Esquire Financial

In other Esquire Financial news, Director Selig Zises sold 20,000 shares of Esquire Financial stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $77.59, for a total transaction of $1,551,800.00. Following the transaction, the director now directly owns 35,501 shares of the company’s stock, valued at approximately $2,754,522.59. This trade represents a 36.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kevin C. Waterhouse sold 3,000 shares of the company’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $83.87, for a total transaction of $251,610.00. Following the completion of the sale, the director now directly owns 86,599 shares of the company’s stock, valued at $7,263,058.13. This trade represents a 3.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,000 shares of company stock worth $3,473,610 over the last 90 days. 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.