ValuEngine Lowers Esquire Financial (ESQ) to Sell

ValuEngine cut shares of Esquire Financial (NASDAQ:ESQ) from a hold rating to a sell rating in a report issued on Wednesday morning.

Separately, Sandler O’Neill set a $28.00 price objective on shares of Esquire Financial and gave the stock a buy rating in a research report on Monday, September 24th.

NASDAQ:ESQ opened at $24.29 on Wednesday. The firm has a market capitalization of $177.65 million, a price-to-earnings ratio of 22.51 and a beta of 0.88. Esquire Financial has a 52 week low of $17.34 and a 52 week high of $29.45.

Esquire Financial (NASDAQ:ESQ) last posted its quarterly earnings results on Thursday, October 25th. The company reported $0.33 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. The business had revenue of $9.08 million during the quarter. Esquire Financial had a net margin of 19.14% and a return on equity of 9.40%.

In related news, Director Richard T. Powers sold 3,000 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $24.52, for a total value of $73,560.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard T. Powers sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $25.47, for a total transaction of $38,205.00. The disclosure for this sale can be found here. 23.30% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Keybank National Association OH lifted its position in Esquire Financial by 33.3% in the second quarter. Keybank National Association OH now owns 15,049 shares of the company’s stock valued at $397,000 after acquiring an additional 3,759 shares during the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in Esquire Financial in the second quarter valued at $296,000. BlackRock Inc. lifted its position in Esquire Financial by 1,795.3% in the second quarter. BlackRock Inc. now owns 263,709 shares of the company’s stock valued at $6,959,000 after acquiring an additional 249,795 shares during the last quarter. Grandeur Peak Global Advisors LLC lifted its position in Esquire Financial by 22.5% in the second quarter. Grandeur Peak Global Advisors LLC now owns 164,520 shares of the company’s stock valued at $4,342,000 after acquiring an additional 30,175 shares during the last quarter. Finally, Spark Investment Management LLC purchased a new stake in Esquire Financial in the second quarter valued at $290,000. 42.55% of the stock is owned by hedge funds and other institutional investors.

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 law professionals, professional service firms, small to mid-sized businesses, and individuals in the United States. The company offers checking, savings, money market, and time deposits, as well as certificates of deposit.

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