Cox Capital Mgt LLC Has $2.72 Million Position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

Cox Capital Mgt LLC lessened its holdings in Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,702 shares of the company’s stock after selling 769 shares during the period. Esquire Financial makes up 1.6% of Cox Capital Mgt LLC’s portfolio, making the stock its 28th biggest position. Cox Capital Mgt LLC’s holdings in Esquire Financial were worth $2,719,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Esquire Financial in the 1st quarter worth approximately $42,000. Meeder Asset Management Inc. bought a new stake in Esquire Financial in the second quarter valued at $59,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Esquire Financial in the second quarter valued at $91,000. SG Americas Securities LLC acquired a new position in Esquire Financial during the third quarter worth $151,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Esquire Financial during the second quarter valued at $401,000. Institutional investors own 54.66% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut shares of Esquire Financial from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $68.00 to $72.00 in a research report on Wednesday, October 2nd.

Esquire Financial Trading Up 3.2 %

NASDAQ ESQ traded up $1.99 during trading hours on Friday, reaching $63.69. 24,828 shares of the company’s stock were exchanged, compared to its average volume of 34,584. The firm has a fifty day moving average of $60.31 and a 200-day moving average of $52.76. Esquire Financial Holdings, Inc. has a one year low of $43.24 and a one year high of $66.18. The stock has a market cap of $529.26 million, a PE ratio of 13.27 and a beta of 0.70.

Esquire Financial (NASDAQ:ESQ) last announced its earnings results on Thursday, July 25th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. The company had revenue of $33.66 million during the quarter, compared to analyst estimates of $29.99 million. Esquire Financial had a return on equity of 19.92% and a net margin of 31.36%. As a group, research analysts forecast that Esquire Financial Holdings, Inc. will post 5.14 EPS for the current year.

Esquire Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. Esquire Financial’s payout ratio is 12.50%.

Esquire Financial 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.