Esquire Financial Holdings Inc (NASDAQ:ESQ) Short Interest Update

Esquire Financial Holdings Inc (NASDAQ:ESQ) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 38,600 shares, a growth of 77.1% from the April 30th total of 21,800 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average trading volume of 11,300 shares, the short-interest ratio is presently 3.4 days.

A number of brokerages recently issued reports on ESQ. ValuEngine lowered shares of China Southern Airlines from a “hold” rating to a “sell” rating in a report on Monday, April 29th. TheStreet raised shares of Stitch Fix from a “d” rating to a “c-” rating in a research report on Wednesday, June 26th.

NASDAQ ESQ traded down $0.06 during mid-day trading on Wednesday, hitting $24.61. The company’s stock had a trading volume of 7,000 shares, compared to its average volume of 10,757. The stock has a market capitalization of $183.42 million, a price-to-earnings ratio of 17.65 and a beta of 1.08. The firm’s 50 day moving average price is $24.08. Esquire Financial has a twelve month low of $17.62 and a twelve month high of $26.90.

Esquire Financial (NASDAQ:ESQ) last released its earnings results on Thursday, April 25th. The company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The company had revenue of $10.01 million for the quarter. Esquire Financial had a return on equity of 11.63% and a net margin of 25.01%.

Hedge funds have recently bought and sold shares of the business. Wasatch Advisors Inc. grew its holdings in shares of Esquire Financial by 30.9% during the first quarter. Wasatch Advisors Inc. now owns 447,229 shares of the company’s stock worth $10,179,000 after purchasing an additional 105,542 shares in the last quarter. RMB Capital Management LLC grew its holdings in shares of Esquire Financial by 5.5% during the fourth quarter. RMB Capital Management LLC now owns 633,319 shares of the company’s stock worth $13,743,000 after purchasing an additional 33,098 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Esquire Financial by 2.5% during the third quarter. Vanguard Group Inc. now owns 185,162 shares of the company’s stock worth $4,622,000 after purchasing an additional 4,561 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Esquire Financial by 32.3% during the third quarter. Bank of New York Mellon Corp now owns 38,387 shares of the company’s stock worth $958,000 after purchasing an additional 9,373 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Esquire Financial by 2.9% during the fourth quarter. BlackRock Inc. now owns 288,880 shares of the company’s stock worth $6,269,000 after purchasing an additional 8,049 shares in the last quarter. 45.15% of the stock is owned by institutional investors and hedge funds.

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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