Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Plans Quarterly Dividend of $0.20

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) announced a quarterly dividend on Monday, February 2nd. Stockholders of record on Friday, February 13th will be given a dividend of 0.20 per share on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, February 13th. This is a 14.3% increase from Esquire Financial’s previous quarterly dividend of $0.18.

Esquire Financial has a payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Esquire Financial to earn $6.02 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 11.6%.

Esquire Financial Stock Up 1.8%

Shares of NASDAQ:ESQ traded up $2.01 during midday trading on Tuesday, reaching $112.49. The company’s stock had a trading volume of 7,909 shares, compared to its average volume of 89,290. The stock has a fifty day moving average of $105.81 and a 200 day moving average of $101.32. Esquire Financial has a twelve month low of $68.90 and a twelve month high of $134.82. The firm has a market capitalization of $964.03 million, a PE ratio of 19.17 and a beta of 0.46.

Esquire Financial (NASDAQ:ESQ) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The business had revenue of $39.40 million during the quarter, compared to analysts’ expectations of $31.93 million. Esquire Financial had a net margin of 30.90% and a return on equity of 18.72%. Sell-side analysts anticipate that Esquire Financial will post 5.52 earnings per share for the current fiscal year.

Esquire Financial Company Profile

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.