Esquire Financial (ESQ) Lowered to “Sell” at ValuEngine

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Esquire Financial (NASDAQ:ESQ) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, March 22nd, ValuEngine reports.

NASDAQ ESQ traded up $0.28 on Friday, hitting $22.65. 2,853 shares of the company’s stock were exchanged, compared to its average volume of 16,943. Esquire Financial has a fifty-two week low of $17.62 and a fifty-two week high of $29.45. The stock has a market capitalization of $170.55 million, a price-to-earnings ratio of 17.90 and a beta of 0.91.

Esquire Financial (NASDAQ:ESQ) last announced its quarterly earnings results on Friday, January 25th. The company reported $0.37 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. The business had revenue of $9.73 million for the quarter. Esquire Financial had a return on equity of 10.89% and a net margin of 23.73%.

Hedge funds have recently bought and sold shares of the stock. Northern Trust Corp acquired a new stake in shares of Esquire Financial in the second quarter valued at approximately $335,000. JPMorgan Chase & Co. lifted its stake in Esquire Financial by 97.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,133 shares of the company’s stock valued at $203,000 after buying an additional 4,017 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Esquire Financial by 32.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 38,387 shares of the company’s stock worth $958,000 after purchasing an additional 9,373 shares during the period. BlackRock Inc. lifted its stake in shares of Esquire Financial by 6.5% during the 3rd quarter. BlackRock Inc. now owns 280,831 shares of the company’s stock worth $7,009,000 after purchasing an additional 17,122 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Esquire Financial by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 185,162 shares of the company’s stock worth $4,622,000 after purchasing an additional 4,561 shares during the period. 42.52% of the stock is currently owned by hedge funds and other institutional investors.

Esquire Financial Company Profile

Esquire Financial Holdings, Inc operates as the bank holding company for Esquire Bank, National Association that provides commercial banking products and services to legal and small business communities, and commercial and retail customers in the United States. The company offers checking, savings, money market, and time deposits, as well as certificates of deposit.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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