ValuEngine upgraded shares of Esquire Financial (NASDAQ:ESQ) from a sell rating to a hold rating in a research report released on Friday, ValuEngine reports.
Separately, TheStreet upgraded Esquire Financial from a c rating to a b- rating in a report on Wednesday, June 26th.
ESQ stock traded down $0.39 during trading on Friday, hitting $23.66. The stock had a trading volume of 31,800 shares, compared to its average volume of 10,806. Esquire Financial has a twelve month low of $17.62 and a twelve month high of $26.38. The stock has a market capitalization of $179.72 million, a P/E ratio of 15.47 and a beta of 1.14. The company’s 50-day moving average price is $23.75 and its two-hundred day moving average price is $23.71.
Esquire Financial (NASDAQ:ESQ) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. Esquire Financial had a return on equity of 12.46% and a net margin of 25.84%. The company had revenue of $11.67 million for the quarter.
In related news, CFO Michael Lacapria bought 1,000 shares of the stock in a transaction dated Wednesday, July 31st. The shares were acquired at an average cost of $25.97 per share, for a total transaction of $25,970.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Mitzman bought 4,445 shares of the stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $23.46 per share, for a total transaction of $104,279.70. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 13,498 shares of company stock worth $320,759. 21.60% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of ESQ. BNP Paribas Arbitrage SA boosted its holdings in shares of Esquire Financial by 901.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,272 shares of the company’s stock worth $29,000 after purchasing an additional 1,145 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Esquire Financial by 6.6% during the 2nd quarter. Wells Fargo & Company MN now owns 9,667 shares of the company’s stock worth $244,000 after purchasing an additional 601 shares during the last quarter. Wasatch Advisors Inc. boosted its holdings in shares of Esquire Financial by 21.9% during the 2nd quarter. Wasatch Advisors Inc. now owns 545,362 shares of the company’s stock worth $13,716,000 after purchasing an additional 98,133 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Esquire Financial by 7.1% during the 2nd quarter. Acadian Asset Management LLC now owns 12,907 shares of the company’s stock worth $325,000 after purchasing an additional 853 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its holdings in shares of Esquire Financial by 2.5% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 256,465 shares of the company’s stock worth $6,450,000 after purchasing an additional 6,351 shares during the last quarter. Institutional investors and hedge funds own 46.24% 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 and small business communities, 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.
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