NasdaqCM:ESQ

Stock Analysis Report

Esquire Financial Holdings

Executive Summary

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.


Snowflake Analysis

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has Esquire Financial Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ESQ has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.3%

ESQ

-0.3%

US Banks

0.06%

US Market


1 Year Return

-0.8%

ESQ

11.1%

US Banks

19.3%

US Market

Return vs Industry: ESQ underperformed the US Banks industry which returned 11.1% over the past year.

Return vs Market: ESQ underperformed the US Market which returned 19.3% over the past year.


Shareholder returns

ESQIndustryMarket
7 Day-1.3%-0.3%0.06%
30 Day-3.6%-0.5%1.7%
90 Day-2.1%0.6%9.0%
1 Year-0.8%-0.8%14.4%11.1%21.8%19.3%
3 Yearn/a24.7%15.7%49.5%39.9%
5 Yearn/a74.9%55.1%73.1%54.1%

Price Volatility Vs. Market

How volatile is Esquire Financial Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Esquire Financial Holdings undervalued compared to its fair value and its price relative to the market?

12.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ESQ ($23.8) is trading above our estimate of fair value ($13.81)

Significantly Below Fair Value: ESQ is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ESQ is good value based on its PE Ratio (12.5x) compared to the Banks industry average (12.6x).

PE vs Market: ESQ is good value based on its PE Ratio (12.5x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: ESQ is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: ESQ is overvalued based on its PB Ratio (1.6x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Esquire Financial Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

17.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ESQ's forecast earnings growth (17.4% per year) is above the savings rate (1.7%).

Earnings vs Market: ESQ's earnings (17.4% per year) are forecast to grow faster than the US market (14.2% per year).

High Growth Earnings: ESQ's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if ESQ's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if ESQ's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ESQ's Return on Equity is forecast to be low in 3 years time (14.5%).


Next Steps

Past Performance

How has Esquire Financial Holdings performed over the past 5 years?

51.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ESQ has a high level of non-cash earnings.

Growing Profit Margin: ESQ's current net profit margins (32.1%) are higher than last year (25.5%).


Past Earnings Growth Analysis

Earnings Trend: ESQ's earnings have grown significantly by 51.8% per year over the past 5 years.

Accelerating Growth: ESQ's earnings growth over the past year (61.9%) exceeds its 5-year average (51.8% per year).

Earnings vs Industry: ESQ earnings growth over the past year (61.9%) exceeded the Banks industry 12.2%.


Return on Equity

High ROE: ESQ's Return on Equity (12.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Esquire Financial Holdings's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: ESQ has a low level of unsold assets or inventory.

Debt Coverage by Assets: ESQ's debt is not covered by short term assets (assets are -18x debt).


Financial Institutions Analysis

Asset Level: ESQ's level of assets compared to its equity is low.

Allowance for Bad Loans: ESQ has a sufficient allowance for bad loans.

Low Risk Liabilities: ESQ's liabilities are made up of primarily low risk sources of funding.

Loan Level: ESQ has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ESQ's loans are broadly funded by customer deposits.

Level of Bad Loans: ESQ has an appropriate level of bad loans (0.26%)


Next Steps

Dividend

What is Esquire Financial Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate ESQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate ESQ's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ESQ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ESQ's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ESQ's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average management tenure


CEO

Andrew Sagliocca (51yo)

11.1yrs

Tenure

US$1,714,595

Compensation

Mr. Andrew C. Sagliocca has been the Chief Executive Officer at Esquire Financial Holdings, Inc. since January 2009 and serves as its President. He has been the Chief Executive Officer at Esquire Bank sinc ...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD1.71M) is above average for companies of similar size in the US market ($USD1.11M).

Compensation vs Earnings: Andrew's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Andrew Sagliocca
CEO, President & Director11.1yrsUS$1.71m1.69% $3.1m
Eric Bader
Executive VP1.2yrsUS$1.03m0.75% $1.4m
Ari Kornhaber
Executive VP & Director of Sales7.1yrsUS$1.03m0.55% $993.7k
Michael Lacapria
Senior VP & CFO1.2yrsno data0.072% $130.9k
Fred Horn
Senior VP & Director of Merchant Services0yrsno datano data

4.1yrs

Average Tenure

44.5yo

Average Age

Experienced Management: ESQ's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Andrew Sagliocca
CEO, President & Director11.1yrsUS$1.71m1.69% $3.1m
Richard Powers
Independent Director14.1yrsUS$45.94k0.70% $1.3m
Anthony Coelho
Chairman of the Board1.5yrsUS$179.77k0.73% $1.3m
V. Hill
Independent Director3.8yrsUS$26.19k0.11% $201.8k
Todd Deutsch
Independent Director5.1yrsUS$87.55k0.61% $1.1m
Robert Mitzman
Independent Director13.1yrsUS$78.30k1.24% $2.3m
Russ Herman
Independent Director13.1yrsUS$19.19k0.66% $1.2m
Selig Zises
Independent Director11.1yrsUS$32.69k4.01% $7.3m
Kevin Waterhouse
Independent Director14.1yrsUS$59.33k1.5% $2.7m
Marc Grossman
Independent Director7.1yrsUS$22.19k0.17% $309.4k

11.6yrs

Average Tenure

67.5yo

Average Age

Experienced Board: ESQ's board of directors are seasoned and experienced ( 11.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ESQ insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Esquire Financial Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Esquire Financial Holdings, Inc.
  • Ticker: ESQ
  • Exchange: NasdaqCM
  • Founded: 2006
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$182.122m
  • Shares outstanding: 7.65m
  • Website: https://www.esquirebank.com

Number of Employees


Location

  • Esquire Financial Holdings, Inc.
  • 100 Jericho Quadrangle
  • Suite 100
  • Jericho
  • New York
  • 11753
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ESQNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJun 2017

Biography

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. It also provides commercial loans, including short-term financing for inventory, receivables, the purchase of supplies, or other operating needs arising during the normal course of business, as well as loans to its qualified merchant customers; commercial lines of credit; consumer loans consisting of post-settlement consumer and structured settlement loans to plaintiffs and claimants, as well as loans to individuals for debt consolidation, home repairs, home improvement, or consumer purchases; and real estate loans, such as multifamily, 1-4 family residential, commercial real estate, and construction loans. As of December 31, 2018, the company operated a branch in Garden City, New York; and an administrative office in Boca Raton, Florida. Esquire Financial Holdings, Inc. was founded in 2006 and is headquartered in Jericho, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 01:59
End of Day Share Price2020/02/20 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.