Esquire Financial Shares Pull Back After Strong Weekly Rally

Shares of Esquire Financial are showing signs of fatigue following a robust weekly performance. The specialized bank, which had recently benefited from the broader financial sector’s upward momentum, is now seeing its stock price pressured by profit-taking and renewed concerns in its mortgage operations.

The weekly performance remains firmly positive with a gain of nearly five percent, despite the daily decline exceeding one percent. The stock is trading just shy of its 52-week high of 104.78 euros and has advanced more than 30 percent since the start of the year.

This current pullback is directly tied to pressures emerging in the US mortgage market, a sector of critical importance to specialized lenders like Esquire Financial. A key metric for the mortgage segment has recently declined from 6.49 to... Read more...