Esquire Financial Holdings, Inc. (NASDAQ:ESQ) shares sold by Russell Investments Group Ltd.


Russell Investments Group Ltd. has acquired its interest in Esquire Financial Holdings, Inc. (NASDAQ:ESQ – Free Report) fell 5.2% in the fourth quarter, according to its latest disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,164 shares of the company, after selling 3,191 shares during the quarter. The interests of Russell Investments Group Ltd. in Esquire Financial were worth $2,906,000 at the time of the most recent SEC filing.

Other major investors have also made changes to their positions in the company. EAM Investors LLC bought a new stake in shares of Esquire Financial during the third quarter valued at $1,328,000. Los Angeles Capital Management LLC increased its stake in Esquire Financial by 33.5% in the third quarter. Los Angeles Capital Management LLC now owns 43,434 shares of the company’s stock worth $1,984,000 after purchasing an additional 10,895 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Esquire Financial during the fourth quarter worth approximately $127,000. Vanguard Group Inc. increased its position in Esquire Financial shares by 0.4% during the third quarter. Vanguard Group Inc. now owns 362,390 shares of the company’s stock worth $16,558,000 after purchasing an additional 1,349 shares during the last quarter. Finally, Boston Partners strengthened its position in Esquire Financial shares by 5.2% during the third quarter. Boston Partners now owns 15,322 shares of the company’s stock worth $700,000 after purchasing an additional 757 shares during the period. 54.66% of the shares are held by institutional investors and hedge funds.

Esquire financial trading drops 1.5%

Shares of ESQ stock opened at $48.98 on Tuesday. The company’s 50-day moving average is $47.56 and its two-hundred-day moving average is $48.12. Esquire Financial Holdings, Inc. has a 12-month low of $39.87 and a 12-month high of $54.80. The company has a market cap of $406.04 million, a price-to-earnings ratio of 10.53 and a beta of 0.77.

Esquire Financial announces dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3. Investors of record on Wednesday, May 15 will receive a $0.15 dividend. The ex-dividend date is Tuesday, May 14. This represents a dividend of $0.60 annually and a yield of 1.22%. Esquire Financial’s payout ratio currently stands at 12.90%.

Buying and selling with insider information

In other Esquire Financial news, Director Selig Zises sold 12,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $49.84, for a total transaction of $598,080.00. Following the transaction, the director now directly owns 135,033 shares in the company, valued at $6,730,044.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this link. 18.90% of the shares are currently owned by business insiders.

Wall Street analysts predict growth

Several brokers have recently released reports on ESQ. Keefe, Bruyette & Woods raised their price target on shares of Esquire Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, January 26. Raymond James began coverage on Esquire Financial in a research report on Tuesday, January 16. They set a “strong buy” rating and a $60.00 price target for the company. Finally, Piper Sandler raised their target price on Esquire Financial from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, April 29.

Get our latest research report on ESQ

Esquire financial profile

(Free report)

Esquire Financial Holdings, Inc operates as the bank holding company for Esquire Bank, a national association that provides commercial banking products and services to the legal industry and small businesses, and to commercial and residential customers throughout the United States. The company offers checking, savings, money market and term deposits, as well as certificates of deposit.

Read further

Would you like to see which other hedge funds own ESQ? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Esquire Financial Holdings, Inc. (NASDAQ:ESQ – Free Report).

Quarterly Institutional Ownership for Esquire Financial (NASDAQ:ESQ)



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