Selig Zises Sells 8,000 Shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Stock

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Selig Zises sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $76.77, for a total value of $614,160.00. Following the transaction, the director now owns 62,601 shares of the company’s stock, valued at approximately $4,805,878.77. This trade represents a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Esquire Financial Price Performance

Shares of ESQ stock traded up $1.26 during trading hours on Wednesday, hitting $78.50. 56,224 shares of the company’s stock were exchanged, compared to its average volume of 33,519. The stock’s 50-day moving average is $67.19 and its 200-day moving average is $57.91. The stock has a market cap of $653.20 million, a price-to-earnings ratio of 15.85 and a beta of 0.70. Esquire Financial Holdings, Inc. has a 52 week low of $44.45 and a 52 week high of $80.00.

Esquire Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Friday, November 15th. Esquire Financial’s dividend payout ratio (DPR) is presently 12.07%.

Hedge Funds Weigh In On Esquire Financial

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of Esquire Financial by 36.6% during the third quarter. Farther Finance Advisors LLC now owns 798 shares of the company’s stock valued at $52,000 after acquiring an additional 214 shares during the period. Quantbot Technologies LP acquired a new position in shares of Esquire Financial during the third quarter valued at $54,000. Copeland Capital Management LLC acquired a new position in shares of Esquire Financial during the third quarter valued at $64,000. Meeder Asset Management Inc. acquired a new position in shares of Esquire Financial during the second quarter valued at $59,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Esquire Financial in the second quarter valued at about $91,000. Institutional investors and hedge funds own 54.66% of the company’s stock.

Analyst Upgrades and Downgrades

ESQ has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered Esquire Financial from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $68.00 to $72.00 in a report on Wednesday, October 2nd. Piper Sandler restated an “overweight” rating and set a $75.00 price objective (up from $72.00) on shares of Esquire Financial in a research report on Friday, October 25th.

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 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.