Piper Sandler Raises Esquire Financial (NASDAQ:ESQ) Price Target to $61.00

Esquire Financial (NASDAQ:ESQ) had its target price lifted by Piper Sandler from $60.00 to $61.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 24.19% from the company’s current price.

Several other research firms have also recently issued reports on ESQ. Raymond James began coverage on shares of Esquire Financial in a research note on Tuesday, January 16th. They set a “strong-buy” rating and a $60.00 price target on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Esquire Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th.

Esquire Financial Stock Performance

ESQ stock opened at $49.12 on Monday. Esquire Financial has a one year low of $35.00 and a one year high of $54.80. The company has a fifty day moving average of $47.79 and a 200-day moving average of $47.83. The stock has a market capitalization of $407.20 million, a PE ratio of 10.56 and a beta of 0.79.

Esquire Financial (NASDAQ:ESQ) last released its earnings results on Thursday, January 25th. The company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.02). The business had revenue of $28.94 million during the quarter, compared to analyst estimates of $29.01 million. Esquire Financial had a net margin of 31.50% and a return on equity of 20.73%. Equities analysts forecast that Esquire Financial will post 4.93 earnings per share for the current fiscal year.

Insider Transactions at Esquire Financial

In other news, Director Selig Zises sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $49.84, for a total value of $598,080.00. Following the completion of the sale, the director now directly owns 135,033 shares in the company, valued at approximately $6,730,044.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 18.90% of the company’s stock.

Institutional Trading of Esquire Financial

A number of institutional investors and hedge funds have recently made changes to their positions in ESQ. Allspring Global Investments Holdings LLC acquired a new position in Esquire Financial during the 1st quarter valued at about $42,000. Quadrature Capital Ltd boosted its position in shares of Esquire Financial by 45.7% during the fourth quarter. Quadrature Capital Ltd now owns 30,136 shares of the company’s stock worth $1,505,000 after buying an additional 9,459 shares during the period. Corient Private Wealth LLC grew its holdings in Esquire Financial by 156.2% in the 4th quarter. Corient Private Wealth LLC now owns 17,052 shares of the company’s stock worth $852,000 after buying an additional 10,397 shares in the last quarter. BNP Paribas Financial Markets increased its position in Esquire Financial by 96.7% in the 4th quarter. BNP Paribas Financial Markets now owns 11,609 shares of the company’s stock valued at $580,000 after acquiring an additional 5,706 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in Esquire Financial by 26.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 54,804 shares of the company’s stock valued at $2,738,000 after acquiring an additional 11,370 shares in the last quarter. 54.66% of the stock is currently owned by institutional investors and hedge funds.

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 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.