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 company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $58.47, for a total transaction of $323,046.75. Following the completion of the transaction, the director now owns 15,447 shares in the company, valued at $903,186.09. This represents a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Enterprise Financial Services Trading Down 0.7 %

NASDAQ EFSC opened at $56.76 on Thursday. Enterprise Financial Services Corp has a one year low of $37.28 and a one year high of $63.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 11.73 and a beta of 0.99. The company’s 50-day simple moving average is $58.25 and its two-hundred day simple moving average is $55.79.

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

Enterprise Financial Services Increases Dividend

The business also recently declared 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 represents a $1.16 annualized dividend and a dividend yield of 2.04%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, March 14th. Enterprise Financial Services’s payout ratio is presently 23.97%.

Wall Street Analyst Weigh In

EFSC has been the subject of a number of research reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $70.00 price target (up previously from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th. DA Davidson upped 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.

Institutional Investors Weigh In On Enterprise Financial Services

A number of hedge funds have recently made changes to their positions in the stock. PL Capital Advisors LLC grew its stake in Enterprise Financial Services by 5,540.0% in the fourth quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank’s stock valued at $2,238,852,000 after purchasing an additional 38,992,127 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Enterprise Financial Services by 16.6% in the 3rd quarter. Wellington Management Group LLP now owns 3,545,092 shares of the bank’s stock worth $181,721,000 after buying an additional 505,552 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Enterprise Financial Services by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,215,368 shares of the bank’s stock worth $124,947,000 after buying an additional 54,987 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Enterprise Financial Services by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 2,089,008 shares of the bank’s stock worth $117,820,000 after acquiring an additional 13,724 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Enterprise Financial Services by 0.9% during the third quarter. Geode Capital Management LLC now owns 892,030 shares of the bank’s stock valued at $45,734,000 after acquiring an additional 8,180 shares during the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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.