Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Declares Quarterly Dividend of $0.15

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Investors 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 dividend yield of 1.22%. The ex-dividend date is Tuesday, May 14th.

Esquire Financial has a dividend payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 3.6 %

NASDAQ ESQ traded up $1.72 during trading hours on Friday, reaching $49.12. The company’s stock had a trading volume of 63,068 shares, compared to its average volume of 53,569. The company has a market capitalization of $407.20 million, a price-to-earnings ratio of 10.56 and a beta of 0.79. Esquire Financial has a 1 year low of $35.00 and a 1 year high of $54.80. The firm’s 50-day moving average price is $47.81 and its 200-day moving average price is $47.81.

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

Insider Activity

In other Esquire Financial news, Director Selig Zises sold 12,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $49.84, for a total transaction of $598,080.00. Following the transaction, the director now owns 135,033 shares of the company’s stock, valued at $6,730,044.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 20.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Raymond James initiated coverage on Esquire Financial in a research note on Tuesday, January 16th. They set a “strong-buy” rating and a $60.00 price objective for the company. Keefe, Bruyette & Woods increased their price target on Esquire Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, January 26th.

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.