Esquire Financial (NASDAQ:ESQ) Releases Earnings Results, Beats Estimates By $0.04 EPS

Esquire Financial (NASDAQ:ESQ) posted its earnings results on Thursday. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.21 by $0.04, Zacks reports. The firm had revenue of $33.66 million for the quarter, compared to analyst estimates of $29.99 million. Esquire Financial had a return on equity of 20.43% and a net margin of 31.36%.

Esquire Financial Stock Performance

Esquire Financial stock traded up $0.23 during trading hours on Friday, reaching $59.30. 77,380 shares of the stock were exchanged, compared to its average volume of 34,598. Esquire Financial has a 52-week low of $43.24 and a 52-week high of $59.56. The stock has a market cap of $491.60 million, a P/E ratio of 12.75 and a beta of 0.72. The firm’s 50 day moving average is $48.74 and its 200 day moving average is $48.51.

Esquire Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, August 15th. Esquire Financial’s payout ratio is currently 12.90%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ESQ shares. Piper Sandler boosted their target price on Esquire Financial from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $68.00 price objective (up previously from $62.00) on shares of Esquire Financial in a research report on Friday.

Insider Activity

In related news, Director Selig Zises sold 10,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $47.76, for a total transaction of $477,600.00. Following the completion of the transaction, the director now directly owns 115,033 shares of the company’s stock, valued at $5,493,976.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 18.90% 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 industry and small businesses, 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.