Enterprise Financial Services Corp (NASDAQ:EFSC) Director Sells $323,046.75 in Stock

Enterprise Financial Services Corp (NASDAQ:EFSC - Get Free Report) Director James M. Havel sold 5,525 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $58.47, for a total value of $323,046.75. Following the completion of the sale, the director now directly owns 15,447 shares of the company's stock, valued at approximately $903,186.09. This trade represents a 26.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Enterprise Financial Services Price Performance

EFSC traded down $0.01 during midday trading on Thursday, reaching $56.75. 146,631 shares of the company's stock were exchanged, compared to its average volume of 166,196. Enterprise Financial Services Corp has a 1-year low of $37.28 and a 1-year high of $63.13. The stock has a market capitalization of $2.11 billion, a PE ratio of 11.73 and a beta of 0.99. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The business's 50-day moving average price is $58.25 and its 200 day moving average price is $55.79.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. As a group, equities analysts anticipate that Enterprise Financial Services Corp will post 4.97 EPS for the current fiscal year.

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Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.29 dividend. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, March 14th. Enterprise Financial Services's dividend payout ratio is currently 23.97%.

Institutional Trading of Enterprise Financial Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its stake in shares of Enterprise Financial Services by 5.7% during the 4th quarter. US Bancorp DE now owns 4,095 shares of the bank's stock worth $231,000 after purchasing an additional 222 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Enterprise Financial Services by 7.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,873 shares of the bank's stock valued at $218,000 after buying an additional 265 shares during the period. Prudential Financial Inc. boosted its position in Enterprise Financial Services by 1.1% during the fourth quarter. Prudential Financial Inc. now owns 27,696 shares of the bank's stock worth $1,629,000 after acquiring an additional 293 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Enterprise Financial Services by 1.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 31,233 shares of the bank's stock worth $1,762,000 after acquiring an additional 297 shares during the period. Finally, XTX Topco Ltd raised its holdings in Enterprise Financial Services by 7.5% in the 4th quarter. XTX Topco Ltd now owns 5,714 shares of the bank's stock valued at $322,000 after acquiring an additional 399 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. DA Davidson increased their target price on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $70.00 price objective (up from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.