Investment analysts at Sandler O’Neill initiated coverage on shares of Esquire Financial Holdings Inc (NYSE:ESQ) in a research note issued to investors on Thursday, August 3rd, Marketbeat Ratings reports. The firm set a “buy” rating and a $17.00 price target on the stock. Sandler O’Neill’s price target indicates a potential upside of 5.85% from the company’s previous close.
Shares of Esquire Financial Holdings (NYSE:ESQ) opened at 16.06 on Thursday. The stock has a 50 day moving average price of $14.93 and a 200-day moving average price of $14.93. Esquire Financial Holdings has a 12 month low of $14.51 and a 12 month high of $16.12. The company’s market capitalization is $110.12 million.
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In other Esquire Financial Holdings news, Director Kevin C. Waterhouse bought 2,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of $15.27 per share, with a total value of $30,540.00. Following the completion of the purchase, the director now owns 49,000 shares in the company, valued at approximately $748,230. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Selig Zises bought 3,800 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average cost of $15.15 per share, for a total transaction of $57,570.00. Following the purchase, the director now owns 177,880 shares of the company’s stock, valued at approximately $2,694,882. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 44,551 shares of company stock worth $660,832.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new position in shares of Esquire Financial Holdings during the second quarter valued at about $195,000. Banc Funds Co. LLC purchased a new position in shares of Esquire Financial Holdings during the second quarter valued at about $750,000. Finally, Pacific Ridge Capital Partners LLC purchased a new position in shares of Esquire Financial Holdings during the second quarter valued at about $1,800,000.
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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