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.

Rewards

PE ratio (13.7x) is below the US market (18.9x)

Earnings grew by 101.4% over the past year

Risk Analysis

No risks detected for ESQ from our risk checks.


Snowflake Analysis

Flawless balance sheet with solid 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

1.2%

ESQ

-1.6%

US Banks

0.8%

US Market


1 Year Return

9.3%

ESQ

15.3%

US Banks

25.1%

US Market

Return vs Industry: ESQ underperformed the US Banks industry which returned 21.7% over the past year.

Return vs Market: ESQ underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

ESQIndustryMarket
7 Day1.2%-1.6%0.8%
30 Day-4.9%-2.6%3.1%
90 Day8.4%5.4%10.9%
1 Year9.3%9.3%18.6%15.3%27.7%25.1%
3 Yearn/a31.4%22.1%51.3%41.6%
5 Yearn/a85.5%64.7%77.2%57.6%

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?

13.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ESQ ($24.35) is trading above our estimate of fair value ($10.18)

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


Price To Earnings Ratio

PE vs Industry: ESQ is poor value based on its PE Ratio (13.7x) compared to the Banks industry average (12.8x).

PE vs Market: ESQ is good value based on its PE Ratio (13.7x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ESQ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ESQ is overvalued based on its PB Ratio (1.7x) 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 0 analysts?

2.6%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Esquire Financial Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

52.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ESQ has high quality earnings.

Growing Profit Margin: ESQ's current net profit margins (31.3%) are higher than last year (20.4%).


Past Earnings Growth Analysis

Earnings Trend: ESQ's earnings have grown significantly by 52.9% per year over the past 5 years.

Accelerating Growth: ESQ's earnings growth over the past year (101.4%) exceeds its 5-year average (52.9% per year).

Earnings vs Industry: ESQ earnings growth over the past year (101.4%) exceeded the Banks industry 27.1%.


Return on Equity

High ROE: ESQ's Return on Equity (12.3%) 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 covered by short term assets (assets are 745.2x 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 (0.21%)


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

What is the CEO of Esquire Financial Holdings's salary, the management and board of directors tenure and is there insider trading?

4.0yrs

Average management tenure


CEO

Andrew Sagliocca (51yo)

11yrs

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 ($USD1.71M) is above average for companies of similar size in the US market ($USD1.08M).

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


Management Age and Tenure

4.0yrs

Average Tenure

44.5yo

Average Age

Experienced Management: ESQ's management team is considered experienced (4 years average tenure).


Board Age and Tenure

11.5yrs

Average Tenure

67.5yo

Average Age

Experienced Board: ESQ's board of directors are seasoned and experienced ( 11.5 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$4630 Oct 19
Michael Lacapria
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares2
Max PriceUS$22.80
BuyUS$23,85230 Oct 19
Michael Lacapria
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares998
Max PriceUS$23.90
BuyUS$12,02723 Sep 19
Todd Deutsch
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares500
Max PriceUS$24.05
BuyUS$22,35406 Sep 19
Kevin Waterhouse
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$22.36
BuyUS$22,97005 Sep 19
Robert Mitzman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$22.97
BuyUS$57,55227 Aug 19
Robert Mitzman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,502
Max PriceUS$23.20
BuyUS$49,15823 Aug 19
Robert Mitzman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,053
Max PriceUS$23.98
BuyUS$22,85021 Aug 19
Kevin Waterhouse
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$22.85
BuyUS$104,30219 Aug 19
Robert Mitzman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares4,445
Max PriceUS$24.00
BuyUS$22,89615 Aug 19
Todd Deutsch
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$22.96
BuyUS$38,12102 Aug 19
Kevin Waterhouse
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,500
Max PriceUS$25.99
BuyUS$25,96731 Jul 19
Michael Lacapria
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares1,000
Max PriceUS$25.97
BuyUS$12,17329 Jul 19
Kevin Waterhouse
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares500
Max PriceUS$24.35
BuyUS$24,92809 May 19
Michael Lacapria
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares1,000
Max PriceUS$25.96

Ownership Breakdown

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


Management Team

  • Andrew Sagliocca (51yo)

    CEO, President & Director

    • Tenure: 11yrs
    • Compensation: US$1.71m
  • Eric Bader (42yo)

    Executive VP

    • Tenure: 1.1yrs
    • Compensation: US$1.03m
  • Ari Kornhaber (47yo)

    Executive VP & Director of Sales

    • Tenure: 7yrs
    • Compensation: US$1.03m
  • Fred Horn

    Senior VP & Director of Merchant Services

    • Michael Lacapria (41yo)

      Senior VP & CFO

      • Tenure: 1.1yrs

    Board Members

    • Rich Powers (71yo)

      Independent Director

      • Tenure: 14yrs
      • Compensation: US$45.94k
    • Tony Coelho (76yo)

      Chairman of the Board

      • Tenure: 1.4yrs
      • Compensation: US$179.77k
    • V. Hill (71yo)

      Independent Director

      • Tenure: 3.7yrs
      • Compensation: US$26.19k
    • Todd Deutsch (46yo)

      Independent Director

      • Tenure: 5yrs
      • Compensation: US$87.55k
    • Andrew Sagliocca (51yo)

      CEO, President & Director

      • Tenure: 11yrs
      • Compensation: US$1.71m
    • Robert Mitzman (64yo)

      Independent Director

      • Tenure: 13yrs
      • Compensation: US$78.30k
    • Russ Herman (76yo)

      Independent Director

      • Tenure: 13yrs
      • Compensation: US$19.19k
    • Selig Zises (77yo)

      Independent Director

      • Tenure: 11yrs
      • Compensation: US$32.69k
    • Kevin Waterhouse (51yo)

      Independent Director

      • Tenure: 14yrs
      • Compensation: US$59.33k
    • Marc Grossman (51yo)

      Independent Director

      • Tenure: 7yrs
      • Compensation: US$22.19k

    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$187.109m
    • Shares outstanding: 7.54m
    • 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 Analysis2020/01/22 01:33
    End of Day Share Price2020/01/21 00:00
    Earnings2019/09/30
    Annual Earnings2018/12/31


    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.