Keefe, Bruyette & Woods Increases Esquire Financial (NASDAQ:ESQ) Price Target to $120.00

Esquire Financial (NASDAQ:ESQ) had its target price upped by investment analysts at Keefe, Bruyette & Woods from $115.00 to $120.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 10.94% from the company’s previous close.

Several other analysts also recently commented on ESQ. Piper Sandler increased their price objective on Esquire Financial from $113.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Weiss Ratings reissued a “buy (b+)” rating on shares of Esquire Financial in a research report on Monday, December 22nd. Finally, Wall Street Zen downgraded shares of Esquire Financial from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Esquire Financial Trading Down 2.0%

NASDAQ ESQ opened at $108.17 on Friday. The company has a market cap of $927.02 million, a price-to-earnings ratio of 18.40 and a beta of 0.43. The company has a 50 day moving average of $104.50 and a 200-day moving average of $100.86. Esquire Financial has a 1-year low of $68.90 and a 1-year high of $134.82.

Esquire Financial (NASDAQ:ESQ) last posted its earnings results on Thursday, January 22nd. The company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). Esquire Financial had a return on equity of 18.72% and a net margin of 30.90%.The business had revenue of $6.12 million during the quarter, compared to analyst estimates of $31.93 million. On average, equities research analysts forecast that Esquire Financial will post 5.52 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Esquire Financial by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 438,878 shares of the company’s stock worth $44,790,000 after acquiring an additional 8,437 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of Esquire Financial by 0.5% during the 3rd quarter. Wasatch Advisors LP now owns 368,064 shares of the company’s stock valued at $37,563,000 after acquiring an additional 1,878 shares during the last quarter. Copeland Capital Management LLC grew its holdings in shares of Esquire Financial by 40,107.1% during the second quarter. Copeland Capital Management LLC now owns 244,861 shares of the company’s stock worth $23,179,000 after purchasing an additional 244,252 shares in the last quarter. American Century Companies Inc. increased its position in shares of Esquire Financial by 6.2% in the third quarter. American Century Companies Inc. now owns 238,030 shares of the company’s stock worth $24,292,000 after purchasing an additional 13,832 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Esquire Financial by 4.0% in the second quarter. Geode Capital Management LLC now owns 199,925 shares of the company’s stock worth $18,927,000 after purchasing an additional 7,673 shares during the last quarter. Institutional investors own 54.66% of the company’s stock.

About Esquire Financial

Esquire Financial Holdings, Inc is a bank holding company whose principal subsidiary, Esquire Bank, specializes in residential mortgage lending and community banking services. Headquartered in Kansas City, Missouri, the company operates through multiple distribution channels, including retail branches, wholesale and correspondent lending divisions. Esquire Financial focuses on tailored home financing solutions while maintaining a community-oriented approach to banking.

In its mortgage lending business, Esquire Bank originates and services a range of home loan products, including government-insured mortgages (FHA, VA and USDA) as well as conventional conforming and jumbo loans.