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

Enterprise Financial Services Corp (NASDAQ:EFSC) Director James M. Havel sold 5,525 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $58.47, for a total value of $323,046.75. Following the sale, the director now owns 15,447 shares in the company, valued at $903,186.09. The trade was a 26.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Enterprise Financial Services Trading Down 3.4 %

NASDAQ:EFSC opened at $57.17 on Wednesday. Enterprise Financial Services Corp has a 1-year low of $37.28 and a 1-year high of $63.13. The business’s 50-day moving average price is $58.24 and its two-hundred day moving average price is $55.74. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 11.81 and a beta of 0.99.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Monday, January 27th. The bank reported $1.32 earnings per share for the quarter, beating 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%. On average, equities analysts expect that Enterprise Financial Services Corp will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued 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 2.03%. The ex-dividend date is Friday, March 14th. Enterprise Financial Services’s dividend payout ratio is 23.97%.

Institutional Investors Weigh In On Enterprise Financial Services

Large investors have recently modified their holdings of the business. Versant Capital Management Inc bought a new stake in shares of Enterprise Financial Services in the fourth quarter worth about $29,000. Quarry LP increased its holdings in shares of Enterprise Financial Services by 2,593.5% in the third quarter. Quarry LP now owns 835 shares of the bank’s stock worth $43,000 after acquiring an additional 804 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Enterprise Financial Services in the third quarter worth about $102,000. FMR LLC increased its holdings in shares of Enterprise Financial Services by 34.2% in the third quarter. FMR LLC now owns 2,560 shares of the bank’s stock worth $131,000 after acquiring an additional 653 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of 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. 72.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on EFSC. DA Davidson increased their target price on Enterprise Financial Services from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $70.00 price target (up previously from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th.

About Enterprise Financial Services

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.