Rena Nigam Purchases 640 Shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Stock

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Director Rena Nigam bought 640 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were bought at an average cost of $77.50 per share, with a total value of $49,600.00. Following the transaction, the director now directly owns 1,867 shares of the company’s stock, valued at approximately $144,692.50. This trade represents a 52.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Esquire Financial Trading Up 3.8 %

ESQ stock traded up $2.92 during trading on Tuesday, reaching $79.62. 54,413 shares of the stock were exchanged, compared to its average volume of 33,886. Esquire Financial Holdings, Inc. has a twelve month low of $44.45 and a twelve month high of $80.89. The company has a market capitalization of $662.52 million, a P/E ratio of 15.43 and a beta of 0.74. The stock has a 50 day simple moving average of $69.79 and a 200-day simple moving average of $59.80.

Esquire Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Friday, November 15th. Esquire Financial’s dividend payout ratio is presently 12.07%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Esquire Financial by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 368,375 shares of the company’s stock valued at $17,487,000 after buying an additional 966 shares during the period. Cetera Advisors LLC bought a new stake in Esquire Financial in the first quarter valued at about $420,000. Assenagon Asset Management S.A. acquired a new position in Esquire Financial in the second quarter worth about $954,000. Bank of New York Mellon Corp lifted its stake in Esquire Financial by 11.5% during the second quarter. Bank of New York Mellon Corp now owns 45,589 shares of the company’s stock worth $2,170,000 after purchasing an additional 4,686 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Esquire Financial by 355.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,023 shares of the company’s stock valued at $191,000 after purchasing an additional 3,139 shares in the last quarter. 54.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Piper Sandler reiterated an “overweight” rating and issued a $75.00 target price (up previously from $72.00) on shares of Esquire Financial in a report on Friday, October 25th. Keefe, Bruyette & Woods lifted their price objective on Esquire Financial from $72.00 to $80.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

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.