Raymond James raised the firm’s price target on Esquire Financial (ESQ) to $75 from $70 and keeps a Strong Buy rating on the shares. The company reported “solid” Q3 results and is well positioned to generate upper single-digit earnings growth in 2025, despite lower expected rates, as 80% of its floating rate loan portfolio has one-year interest rate floors, the analyst tells investors in a research note. Additionally, Esquire’s commercial litigation related loan growth remains strong, adds the firm.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ESQ:
- Esquire Financial price target raised to $75 from $72 at Piper Sandler
- Esquire Financial price target lowered to $70 from $75 at Raymond James
- Esquire Financial Holdings Reports Strong Q3 2024 Results
- Esquire Financial reports Q3 EPS , consensus $1.31
- ESQ Earnings Report this Week: Is It a Buy, Ahead of Earnings?