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.
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