Esquire Financial Holdings, Inc. (ESQ) Holdings Increased by Wasatch Advisors Inc.
Wasatch Advisors Inc. raised its holdings in shares of Esquire Financial Holdings, Inc. (NASDAQ:ESQ) by 16.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,432 shares of the company’s stock after acquiring an additional 32,432 shares during the period. Wasatch Advisors Inc. owned approximately 3.17% of Esquire Financial Holdings worth $3,740,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new position in shares of Esquire Financial Holdings during the 2nd quarter valued at $177,000. Citadel Advisors LLC acquired a new position in shares of Esquire Financial Holdings during the 2nd quarter valued at $195,000. Bank of New York Mellon Corp acquired a new position in shares of Esquire Financial Holdings during the 3rd quarter valued at $269,000. Susquehanna International Group LLP acquired a new position in shares of Esquire Financial Holdings during the 2nd quarter valued at $314,000. Finally, ELCO Management Co. LLC acquired a new position in shares of Esquire Financial Holdings during the 2nd quarter valued at $599,000. 31.15% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Selig Zises bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average cost of $16.68 per share, for a total transaction of $41,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Janet Hill bought 6,900 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was bought at an average price of $14.92 per share, for a total transaction of $102,948.00. Following the completion of the acquisition, the director now directly owns 5,680 shares in the company, valued at $84,745.60. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 14,100 shares of company stock worth $216,002. 22.70% of the stock is owned by insiders.
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Esquire Financial Holdings, Inc. (NASDAQ ESQ) opened at $17.65 on Friday. Esquire Financial Holdings, Inc. has a 1 year low of $14.51 and a 1 year high of $17.72.
Esquire Financial Holdings (NASDAQ:ESQ) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Esquire Financial Holdings had a return on equity of 5.39% and a net margin of 15.41%. The company had revenue of $6.57 million for the quarter.
Separately, Sandler O’Neill began coverage on Esquire Financial Holdings in a research report on Thursday, August 3rd. They set a “buy” rating and a $17.00 price target on the stock.
About Esquire Financial Holdings
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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