BUZZ-Raymond James hikes Esquire Financial rating on Signature Bancorp deal
Reuters
Mar 13
BUZZ-Raymond James hikes Esquire Financial rating on Signature Bancorp deal
** Raymond James upgrades shares of community lender Esquire Financial ESQ.O to "strong buy" from "market perform"
** Says the acquisition of privately held, Chicago-based Signature Bancorporation with $2 bln in assets is highly accretive, improves bank’s growth profile and supports an upward bias to estimates
** The deal is expected to close in 3Q26 and be 23% accretive to 2027E EPS - Raymond James
** Two of three analysts rate stock "strong buy" or "buy" and one "hold"; their median PT is $121 - data compiled by LSEG
** YTD, as of last close, ESQ up 3.8%
(Reporting by Pragyan Kalita in Bengaluru)
((Pragyan.Kalita@thomsonreuters.com;))
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