Insider Selling: Enterprise Financial Services Corp (NASDAQ:EFSC) Director Sells 100,000 Shares of Stock

Enterprise Financial Services Corp (NASDAQ:EFSC - Get Free Report) Director Richard Sanborn sold 100,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $59.56, for a total value of $5,956,000.00. Following the sale, the director now owns 40,950 shares in the company, valued at approximately $2,438,982. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Enterprise Financial Services Stock Up 0.7 %

Shares of EFSC stock traded up $0.40 during trading on Friday, hitting $58.28. 180,011 shares of the company were exchanged, compared to its average volume of 147,253. The business's 50-day simple moving average is $51.94 and its 200 day simple moving average is $46.27. Enterprise Financial Services Corp has a twelve month low of $35.76 and a twelve month high of $61.68. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 12.35 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 0.91.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.28 dividend. The ex-dividend date is Monday, December 16th. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.92%. Enterprise Financial Services's dividend payout ratio is 23.73%.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their target price on shares of Enterprise Financial Services from $58.00 to $62.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd.

Institutional Trading of Enterprise Financial Services

A number of institutional investors have recently bought and sold shares of EFSC. nVerses Capital LLC purchased a new stake in shares of Enterprise Financial Services during the 2nd quarter worth about $29,000. Innealta Capital LLC bought a new position in Enterprise Financial Services during the second quarter valued at approximately $31,000. EntryPoint Capital LLC lifted its stake in Enterprise Financial Services by 87.4% in the first quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank's stock valued at $159,000 after acquiring an additional 1,831 shares during the last quarter. Advisors Asset Management Inc. grew its position in Enterprise Financial Services by 169.7% in the third quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank's stock worth $177,000 after acquiring an additional 2,172 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Enterprise Financial Services by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank's stock worth $178,000 after purchasing an additional 370 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

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.