Esquire Financial Holdings, Inc. (ESQ) to Issue Quarterly Dividend of $0.15 on December 2nd

Posted by Anthony Miller on Nov 13th, 2024

Esquire Financial Holdings, Inc. (NASDAQ:ESQ – Get Free Report) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.15 per share on Monday, December 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, November 15th.

Esquire Financial has a payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Esquire Financial to earn $5.52 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 10.9%.

Esquire Financial Price Performance

Shares of Esquire Financial stock opened at $75.66 on Wednesday. The stock has a market cap of $628.73 million, a price-to-earnings ratio of 15.22 and a beta of 0.70. The firm’s 50-day moving average is $64.47 and its 200 day moving average is $56.13. Esquire Financial has a 1 year low of $44.45 and a 1 year high of $76.91.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Piper Sandler reiterated an “overweight” rating and issued a $75.00 price target (up previously from $72.00) on shares of Esquire Financial in a research note on Friday, October 25th. Keefe, Bruyette & Woods cut shares of 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 research note on Wednesday, October 2nd.

Check Out Our Latest Research Report on Esquire Financial

Esquire Financial Company Profile

(Get Free Report)

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.