State Street Corp Has $9.41 Million Position in Esquire Financial Holdings, Inc. (NASDAQ:ESQ)

State Street Corp grew its stake in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 8.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 144,344 shares of the company’s stock after acquiring an additional 11,345 shares during the period. State Street Corp’s holdings in Esquire Financial were worth $9,413,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ESQ. Farther Finance Advisors LLC lifted its stake in shares of Esquire Financial by 36.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 798 shares of the company’s stock valued at $52,000 after purchasing an additional 214 shares during the last quarter. Quantbot Technologies LP bought a new position in Esquire Financial during the third quarter valued at about $54,000. Meeder Asset Management Inc. acquired a new stake in shares of Esquire Financial in the second quarter worth about $59,000. Copeland Capital Management LLC acquired a new position in shares of Esquire Financial during the 3rd quarter valued at about $64,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Esquire Financial in the 2nd quarter valued at approximately $91,000. 54.66% of the stock is owned by institutional investors and hedge funds.

Esquire Financial Stock Up 1.1 %

Shares of NASDAQ:ESQ opened at $79.97 on Friday. The company has a market cap of $665.43 million, a price-to-earnings ratio of 16.09 and a beta of 0.74. The business has a 50 day moving average price of $73.83 and a 200 day moving average price of $62.54. Esquire Financial Holdings, Inc. has a twelve month low of $44.45 and a twelve month high of $80.89.

Esquire Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $0.15 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.75%. Esquire Financial’s payout ratio is 12.07%.

Insider Activity at Esquire Financial

In related news, Director Selig Zises sold 8,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $76.77, for a total value of $614,160.00. Following the completion of the transaction, the director now directly owns 62,601 shares in the company, valued at approximately $4,805,878.77. This represents a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph Melohn sold 3,000 shares of Esquire Financial stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.15, for a total transaction of $237,450.00. Following the sale, the director now owns 3,683 shares in the company, valued at $291,509.45. This represents a 44.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods upped their target price on Esquire Financial from $72.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler reaffirmed an “overweight” rating and set a $75.00 price objective (up from $72.00) on shares of Esquire Financial in a report on Friday, October 25th.

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.