Esquire Financial price target raised to $116 from $113 at Piper Sandler

Piper Sandler raised the firm’s price target on Esquire Financial (ESQ) to $116 from $113 and keeps an Overweight rating on the shares following quarterly results. The firm continues to really like the story at Esquire as one of the more unique names in the space. Piper gets some push-back on the stock’s multiple considering down rates and EPS growth that’s down from a once blistering pace in years like 2022/2023, but continues to believe hitching your wagon to a bank that can reliably deliver mid-to-high teens ROTCEs and TBVPS growth with plenty of growth runway will result in outperformance.