Esquire Financial (NASDAQ:ESQ) Given New $120.00 Price Target at Keefe, Bruyette & Woods

Esquire Financial (NASDAQ:ESQ) had its price objective hoisted by stock analysts at Keefe, Bruyette & Woods from $115.00 to $120.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 8.67% from the company’s previous close.

ESQ has been the topic of several other reports. Piper Sandler upped their target price on Esquire Financial from $113.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Esquire Financial in a research note on Monday, December 22nd. Finally, Wall Street Zen downgraded shares of Esquire Financial from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Esquire Financial Stock Performance

NASDAQ ESQ opened at $110.43 on Friday. The firm’s 50 day moving average price is $104.29 and its two-hundred day moving average price is $100.80. The stock has a market cap of $946.39 million, a price-to-earnings ratio of 19.37 and a beta of 0.43. Esquire Financial has a twelve month low of $68.90 and a twelve month high of $134.82.

Esquire Financial (NASDAQ:ESQ) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The business had revenue of $6.12 million for the quarter, compared to analysts’ expectations of $31.93 million. Esquire Financial had a net margin of 31.26% and a return on equity of 18.55%. On average, research analysts forecast that Esquire Financial will post 5.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Esquire Financial

Several large investors have recently made changes to their positions in the company. Copeland Capital Management LLC raised its position in Esquire Financial by 40,107.1% in the 2nd quarter. Copeland Capital Management LLC now owns 244,861 shares of the company’s stock worth $23,179,000 after purchasing an additional 244,252 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Esquire Financial by 215.3% during the 1st quarter. Royal Bank of Canada now owns 81,087 shares of the company’s stock valued at $6,113,000 after purchasing an additional 55,367 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Esquire Financial in the 2nd quarter valued at approximately $2,438,000. American Century Companies Inc. increased its stake in Esquire Financial by 6.8% during the 2nd quarter. American Century Companies Inc. now owns 224,198 shares of the company’s stock worth $21,223,000 after purchasing an additional 14,207 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Esquire Financial during the third quarter worth $1,431,000. Institutional investors own 54.66% of the company’s stock.

Esquire Financial Company Profile

Esquire Financial Holdings, Inc is a bank holding company whose principal subsidiary, Esquire Bank, specializes in residential mortgage lending and community banking services. Headquartered in Kansas City, Missouri, the company operates through multiple distribution channels, including retail branches, wholesale and correspondent lending divisions. Esquire Financial focuses on tailored home financing solutions while maintaining a community-oriented approach to banking.

In its mortgage lending business, Esquire Bank originates and services a range of home loan products, including government-insured mortgages (FHA, VA and USDA) as well as conventional conforming and jumbo loans.