Esquire Financial (NASDAQ:ESQ) Stock Rating Lowered by TheStreet

Esquire Financial (NASDAQ:ESQ) was downgraded by research analysts at TheStreet from a “b-” rating to a “c” rating in a note issued to investors on Friday, TheStreetRatingsTable reports.

Separately, ValuEngine upgraded Esquire Financial from a “sell” rating to a “hold” rating in a report on Friday, October 11th.

NASDAQ ESQ opened at $23.09 on Friday. The company has a market capitalization of $170.44 million, a price-to-earnings ratio of 14.68 and a beta of 1.14. Esquire Financial has a twelve month low of $17.62 and a twelve month high of $26.38. The stock has a fifty day simple moving average of $23.74 and a 200 day simple moving average of $23.76.

Esquire Financial (NASDAQ:ESQ) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.04. Esquire Financial had a return on equity of 12.46% and a net margin of 25.84%. The firm had revenue of $11.67 million during the quarter.

In related news, Director Kevin C. Waterhouse acquired 1,500 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were bought at an average price of $25.41 per share, with a total value of $38,115.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert Mitzman acquired 4,445 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of $23.46 per share, for a total transaction of $104,279.70. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 13,498 shares of company stock valued at $320,759. Company insiders own 21.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its position in shares of Esquire Financial by 6.6% during the 2nd quarter. Wells Fargo & Company MN now owns 9,667 shares of the company’s stock worth $244,000 after purchasing an additional 601 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Esquire Financial by 7.1% during the 2nd quarter. Acadian Asset Management LLC now owns 12,907 shares of the company’s stock worth $325,000 after purchasing an additional 853 shares in the last quarter. Northern Trust Corp lifted its position in Esquire Financial by 2.3% in the 2nd quarter. Northern Trust Corp now owns 60,068 shares of the company’s stock valued at $1,511,000 after acquiring an additional 1,375 shares in the last quarter. Vanguard Group Inc. lifted its position in Esquire Financial by 18.7% in the 2nd quarter. Vanguard Group Inc. now owns 244,810 shares of the company’s stock valued at $6,157,000 after acquiring an additional 38,585 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its position in Esquire Financial by 2.5% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 256,465 shares of the company’s stock valued at $6,450,000 after acquiring an additional 6,351 shares in the last quarter. 46.24% of the stock is currently owned by institutional investors.

About Esquire Financial

Esquire Financial Holdings, Inc operates as the bank holding company for Esquire Bank, National Association that provides commercial banking products and services to legal and small business communities, 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.

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