Keefe, Bruyette & Woods Maintains Esquire Financial Holdings (ESQ) Outperform Recommendation

Fintel reports that on April 6, 2023,
Keefe, Bruyette & Woods
maintained
coverage of Esquire Financial Holdings (NASDAQ:ESQ) with
a Outperform recommendation.

Analyst Price Forecast Suggests 43.24% Upside

As of April 6, 2023,
the average one-year price target for Esquire Financial Holdings is $53.04.
The forecasts range from a low of $52.52 to a high of $54.60.
The average price target represents an increase of 43.24% from its latest reported closing price of $37.03.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Esquire Financial Holdings
is $72MM, a decrease of 10.54%.

The projected annual non-GAAP EPS
is $4.14.

Esquire Financial Holdings Declares $0.10 Dividend

On January 26, 2023 the company declared a regular
quarterly dividend of $0.10 per share ($0.40 annualized).
Shareholders of record as of February 15, 2023
received the payment on March 1, 2023.
Previously, the company paid $0.09 per share.

At the current share price of $37.03 / share,
the stock’s dividend yield is 1.08%.

Looking back five years and taking a sample every week, the average dividend yield has been
1.63%,
the lowest has been 0.87%,
and the highest has been 3.18%.
The standard deviation of yields is 0.48 (n=237).

The current dividend yield is
1.14 standard deviations

below
the historical average.

Additionally, the company’s dividend payout ratio is 0.11.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company has not increased its dividend in the last three years.

What are Other Shareholders Doing?

Jpmorgan Chase &
holds 7K shares
representing 0.10% ownership of the company.

In it’s prior filing, the firm reported owning 7K shares, representing
an increase
of 9.94%.

The firm

increased

its portfolio allocation in ESQ by 117,305.46% over the last quarter.

Vanguard Group
holds 355K shares
representing 4.62% ownership of the company.

In it’s prior filing, the firm reported owning 355K shares, representing
an increase
of 0.23%.

The firm

decreased

its portfolio allocation in ESQ by 99.90% over the last quarter.

CI Private Wealth
holds 7K shares
representing 0.09% ownership of the company.

Cox Capital Mgt
holds 13K shares
representing 0.17% ownership of the company.

NATIONWIDE MUTUAL FUNDS – Nationwide Multi-Cap Portfolio Class R6
holds 0K shares
representing 0.00% ownership of the company.

In it’s prior filing, the firm reported owning 0K shares, representing
a decrease
of 469.77%.

The firm

decreased

its portfolio allocation in ESQ by 80.93% over the last quarter.

What is the Fund Sentiment?

There are 225 funds or institutions reporting positions in Esquire Financial Holdings.

This is an increase
of
13
owner(s) or 6.13% in the last quarter.

Average portfolio weight of all funds dedicated to ESQ is 0.14%,
a decrease
of 0.00%.

Total shares owned by institutions decreased
in the last three months by 1.23% to 4,990K shares.

Esquire Financial Holdings Background Information
(This description is provided by the company.)

Esquire Financial Holdings, Inc. is a financial holding company headquartered in Jericho, New York, with one branch office in Jericho, New York and an administrative office in Boca Raton, Florida. Its wholly-owned subsidiary, Esquire Bank, National Association, is a full service commercial bank dedicated to serving the financial needs of the litigation industry and small businesses nationally, as well as commercial and retail customers in the New York metropolitan area. The bank offers tailored financial and payment processing solutions to the litigation community and their clients as well as dynamic and flexible merchant payment processing solutions to small business owners.

See all Esquire Financial Holdings regulatory filings.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.