Zacks Investment Research upgraded shares of Esquire Financial (NASDAQ:ESQ) from a sell rating to a hold rating in a research report report published on Friday, Zacks.com reports.
According to Zacks, “Esquire Financial Holdings, Inc. is a bank holding company. It provides banking products and services to law professionals, professional service firms, small to mid-sized businesses and individuals primarily in the United States. The company operates primarily in Garden City, New York; Palm Beach Gardens and Florida. Esquire Financial Holdings, Inc. is headquartered in Jericho, New York. “
ESQ has been the topic of several other reports. ValuEngine cut Esquire Financial from a hold rating to a sell rating in a research report on Thursday, April 2nd. TheStreet cut Esquire Financial from a c- rating to a d+ rating in a research report on Monday, May 11th.
NASDAQ ESQ opened at $16.81 on Friday. The stock has a market capitalization of $125.09 million, a PE ratio of 9.50 and a beta of 1.27. Esquire Financial has a 1 year low of $10.83 and a 1 year high of $28.89. The business’s 50-day moving average is $16.48 and its 200 day moving average is $19.79.
Esquire Financial (NASDAQ:ESQ) last posted its earnings results on Friday, April 24th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.15). The business had revenue of $12.30 million during the quarter, compared to the consensus estimate of $12.30 million. Esquire Financial had a return on equity of 12.65% and a net margin of 27.18%. As a group, equities analysts anticipate that Esquire Financial will post 1.75 EPS for the current year.
In other Esquire Financial news, CEO Andrew C. Sagliocca bought 4,000 shares of the stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of $15.49 per share, for a total transaction of $61,960.00. Also, CFO Michael Lacapria bought 2,000 shares of the stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of $15.30 per share, with a total value of $30,600.00. Over the last ninety days, insiders have acquired 10,210 shares of company stock worth $149,341. Insiders own 16.20% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in ESQ. Basswood Capital Management L.L.C. lifted its holdings in shares of Esquire Financial by 24.0% during the first quarter. Basswood Capital Management L.L.C. now owns 445,403 shares of the company’s stock valued at $6,703,000 after purchasing an additional 86,238 shares during the last quarter. Mendon Capital Advisors Corp raised its holdings in Esquire Financial by 274.4% in the 4th quarter. Mendon Capital Advisors Corp now owns 115,428 shares of the company’s stock worth $3,009,000 after acquiring an additional 84,597 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in Esquire Financial by 6,281.9% in the 4th quarter. Panagora Asset Management Inc. now owns 41,227 shares of the company’s stock worth $1,075,000 after acquiring an additional 40,581 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Esquire Financial by 168.3% in the 4th quarter. Renaissance Technologies LLC now owns 53,400 shares of the company’s stock worth $1,392,000 after acquiring an additional 33,500 shares during the last quarter. Finally, Advisor Group Holdings Inc. purchased a new position in Esquire Financial in the 1st quarter worth approximately $453,000. Hedge funds and other institutional investors own 50.79% of the company’s stock.
About Esquire Financial
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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