Esquire Financial Holdings, Inc. (ESQ) to Issue Quarterly Dividend of $0.20 on June 1st

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Friday, May 15th will be given a dividend of 0.20 per share on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 15th.

Esquire Financial has a payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Esquire Financial to earn $6.95 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 11.5%.

Esquire Financial Stock Up 0.0%

Shares of NASDAQ:ESQ opened at $105.37 on Wednesday. The company has a market cap of $910.40 million, a P/E ratio of 17.71 and a beta of 0.39. The business has a fifty day simple moving average of $107.79 and a 200-day simple moving average of $105.62. Esquire Financial has a 52 week low of $87.08 and a 52 week high of $134.82.

Esquire Financial (NASDAQ:ESQ) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.06. Esquire Financial had a return on equity of 18.69% and a net margin of 29.96%.The firm had revenue of $40.46 million for the quarter, compared to analyst estimates of $40.76 million. Sell-side analysts expect that Esquire Financial will post 6.35 earnings per share for the current fiscal year.

Insider Activity at Esquire Financial

In related news, Director Selig Zises sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $106.54, for a total transaction of $2,663,500.00. Following the transaction, the director directly owned 8,501 shares in the company, valued at $905,696.54. This trade represents a 74.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard T. Powers sold 2,308 shares of Esquire Financial stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $104.83, for a total transaction of $241,947.64. Following the completion of the transaction, the director directly owned 58,233 shares of the company’s stock, valued at approximately $6,104,565.39. This represents a 3.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 32,308 shares of company stock valued at $3,430,948. Insiders own 18.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Global Retirement Partners LLC bought a new stake in shares of Esquire Financial during the 4th quarter valued at about $33,000. State of Alaska Department of Revenue acquired a new position in Esquire Financial in the third quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd boosted its stake in Esquire Financial by 247.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 553 shares of the company’s stock valued at $56,000 after acquiring an additional 394 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Esquire Financial by 64.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 690 shares of the company’s stock valued at $70,000 after purchasing an additional 270 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Esquire Financial by 352.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 810 shares of the company’s stock worth $77,000 after purchasing an additional 631 shares during the period. 54.66% of the stock is currently owned by institutional investors.

About Esquire Financial

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.