Esquire Financial price target lowered to $70 from $75 at Raymond James

Raymond James lowered the firm’s price target on Esquire Financial (ESQ) to $70 from $75 and keeps a Strong Buy rating on the shares. The firm believes Esquire is well-positioned following the solid Q3 results to generate upper single-digit earnings growth in 2025, despite lower expected rates, as roughly 80% of its floating rate loan portfolio have one-year interest rate floors, the analyst tells investors in a research note. Raymond James continues to view the risk-reward favorably and believes that shares should re-rate to a premium valuation versus small cap peers on an earnings multiple basis over time.