ESQ Stock Summary and Trading Ideas (Esquire Financial Hldgs | NASDAQ:ESQ)

Esquire Financial Holdings Inc is a full-service commercial bank dedicated to serving the financial needs of the legal industry and small businesses nationally, as well as commercial and retail customers in the New York metropolitan area. The Bank offers tailored products and solutions to the legal community and their clients as well as dynamic and flexible payment processing solutions to small business owners. Banking products offered for businesses and consumers include checking, savings, money market, and time deposits; a wide range of commercial and consumer loans, as well as customary banking services. The Bank operates a payment processing platform through third-party Independent Sales Organizations.

Esquire Financial Hldgs trades on the NASDAQ stock market under the symbol ESQ.

As of April 25, 2024, ESQ stock price climbed to $47.40 with 43,631 million shares trading.

ESQ has a beta of 0.73, meaning it tends to be less sensitive to market movements. ESQ has a correlation of 0.12 to the broad based SPY ETF.

ESQ has a market cap of $392.84 million. This is considered a Small Cap stock.

Last quarter Esquire Financial Hldgs reported $29 million in Revenue and $1.18 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.03.

In the last 3 years, ESQ stock traded as high as $54.80 and as low as $22.60.

The top ETF exchange traded funds that ESQ belongs to (by Net Assets): VTI, IWM, VXF, AVUV, DWAS.

ESQ has outperformed the market in the last year with a price return of +29.4% while the SPY ETF gained +23.6%. However, in the short term, ESQ had mixed performance relative to the market. It has underperformed in the last 3 months, returning -3.5% vs +4.1% return in SPY. But in the last 2 weeks, ESQ shares have fared better than the market returning +3.6% compared to SPY -2.1%.

ESQ support price is $45.97 and resistance is $47.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ESQ stock will trade within this expected range on the day.