Esquire Financial Holdings, Inc. (ESQ) To Go Ex-Dividend on May 14th

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.15 per share on Monday, June 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, May 14th.

Esquire Financial has a payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 3.6 %

ESQ stock traded up $1.72 during trading on Friday, reaching $49.12. The stock had a trading volume of 63,068 shares, compared to its average volume of 53,569. Esquire Financial has a 1-year low of $35.00 and a 1-year high of $54.80. The company has a market capitalization of $407.20 million, a P/E ratio of 10.56 and a beta of 0.79. The firm has a fifty day moving average price of $47.81 and a 200 day moving average price of $47.81.

Esquire Financial (NASDAQ:ESQ) last issued its earnings results on Thursday, January 25th. The company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.02). The company 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%. Sell-side analysts predict that Esquire Financial will post 4.93 EPS for the current year.

Wall Street Analyst Weigh In

ESQ has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Esquire Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Raymond James began coverage on shares of Esquire Financial in a research report on Tuesday, January 16th. They set a “strong-buy” rating and a $60.00 price objective for the company.

Insider Activity at Esquire Financial

In related news, Director Selig Zises sold 12,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $49.84, for a total transaction of $598,080.00. Following the completion of the sale, the director now directly owns 135,033 shares of the company’s stock, valued at $6,730,044.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 20.40% of the company’s stock.

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.