Esquire Financial Holdings, Inc. (ESQ) to Issue Quarterly Dividend of $0.20 on December 1st

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.20 per share on Tuesday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, November 13th.

Esquire Financial has a payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Esquire Financial to earn $9.02 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 8.9%.

Esquire Financial Stock Down 2.1%

ESQ stock opened at $124.96 on Friday. The firm has a market cap of $1.51 billion, a PE ratio of 20.79 and a beta of 0.40. The business has a 50 day moving average of $119.34 and a 200-day moving average of $114.39. Esquire Financial has a 12-month low of $92.10 and a 12-month high of $134.82.

Esquire Financial (NASDAQ:ESQ) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.23. Esquire Financial had a return on equity of 21.49% and a net margin of 26.92%. The business had revenue of $61.39 million for the quarter, compared to analyst estimates of $59.93 million. On average, research analysts expect that Esquire Financial will post 7.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ESQ. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Esquire Financial in a research report on Thursday. Zacks Research upgraded shares of Esquire Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Wall Street Zen upgraded shares of Esquire Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings raised shares of Esquire Financial from a “buy (a-)” rating to a “buy (a)” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy” and a consensus target price of $122.50.

About Esquire Financial

Esquire Financial Holdings, Inc is the bank holding company for Esquire Bank, a federally chartered community bank headquartered in Jericho, New York. Esquire Bank primarily serves law firms, attorneys, and other professional-service businesses, as well as small and middle-market companies, entrepreneurs, and individuals.

The bank provides commercial banking products and services that include business checking and savings accounts, commercial loans, lines of credit, commercial real estate financing, construction lending, and small business lending.