Sandler O’Neill Reiterates “$21.00” Price Target for Esquire Financial (ESQ)

Esquire Financial (NASDAQ:ESQ) has been given a $21.00 price target by equities researchers at Sandler O’Neill in a research report issued on Wednesday. The brokerage presently has a “hold” rating on the stock. Sandler O’Neill’s target price would indicate a potential upside of 9.09% from the company’s previous close.

Esquire Financial (ESQ) traded up $0.34 during trading hours on Wednesday, reaching $19.25. 8,904 shares of the company were exchanged, compared to its average volume of 11,400. Esquire Financial has a 1-year low of $14.51 and a 1-year high of $23.18.

Esquire Financial (NASDAQ:ESQ) last posted its earnings results on Wednesday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Esquire Financial had a net margin of 15.41% and a return on equity of 5.39%. The business had revenue of $6.57 million for the quarter.

In related news, Director Selig Zises purchased 2,500 shares of Esquire Financial stock in a transaction on Wednesday, November 8th. The stock was purchased at an average cost of $16.68 per share, with a total value of $41,700.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 22.70% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. bought a new stake in Esquire Financial in the 2nd quarter valued at $177,000. Citadel Advisors LLC bought a new stake in Esquire Financial in the 2nd quarter valued at $195,000. Bank of New York Mellon Corp bought a new stake in Esquire Financial in the 3rd quarter valued at $269,000. Susquehanna International Group LLP bought a new stake in Esquire Financial in the 2nd quarter valued at $314,000. Finally, ELCO Management Co. LLC bought a new stake in Esquire Financial in the 2nd quarter valued at $599,000. 35.77% of the stock is owned by hedge funds and other institutional investors.

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About Esquire Financial

Esquire Financial Holdings, Inc is a bank holding company. The Company operates through its wholly owned bank subsidiary, Esquire Bank, National Association (the Bank). The Bank is a full service commercial bank engaged in serving the financial needs of the legal and small business communities on a national basis, as well as commercial and retail customers in the New York metropolitan market.

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