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Kevin C. Waterhouse, a director at Esquire Financial Holdings, Inc. (NASDAQ:ESQ), has sold a significant portion of the company’s common stock. According to a recent SEC filing, Waterhouse executed two separate transactions on April 29, selling a total of 3,000 shares. The sales were made at prices ranging from $83.7598 to $83.9777 per share, amounting to a total of $251,606. The transaction occurred near the stock’s 52-week high of $90.18, during a period when ESQ has delivered an impressive 81% return over the past year. InvestingPro analysis suggests the stock remains undervalued despite its strong performance.
Following these transactions, Waterhouse retains direct ownership of 86,599 shares. Additionally, he holds 48,000 shares indirectly as a trustee for trusts and 12,000 shares as a custodian for his children. These moves come as part of Waterhouse’s ongoing management of his holdings in the company, which currently has a market capitalization of $658 million and maintains a healthy P/E ratio of 14.45. InvestingPro subscribers can access additional insights, including 8 more ProTips and comprehensive financial health metrics that show ESQ’s GREAT overall rating.
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