Esquire Financial Holdings, Inc. (NASDAQ:ESQ) Plans $0.15 Quarterly Dividend

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) declared a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.15 per share on Monday, December 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, November 15th.

Esquire Financial has a payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Esquire Financial to earn $5.52 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 10.9%.

Esquire Financial Stock Down 1.7 %

Shares of NASDAQ ESQ opened at $74.40 on Thursday. The stock has a market capitalization of $618.56 million, a price-to-earnings ratio of 14.97 and a beta of 0.70. The stock’s fifty day simple moving average is $64.77 and its 200 day simple moving average is $56.26. Esquire Financial has a 52-week low of $44.45 and a 52-week high of $76.91.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Piper Sandler restated an “overweight” rating and issued a $75.00 target price (up from $72.00) on shares of Esquire Financial in a report on Friday, October 25th. Keefe, Bruyette & Woods cut Esquire Financial from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $68.00 to $72.00 in a report on Wednesday, October 2nd.

About Esquire Financial

Esquire Financial Holdings, Inc operates as the bank holding company for Esquire Bank, National Association that provides commercial banking products and services to legal industry and small businesses, 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.