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 firm’s stock in a transaction dated Friday, February 28th. The stock was 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 represents a 26.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Enterprise Financial Services Stock Down 0.7 %

Shares of EFSC stock opened at $56.76 on Thursday. Enterprise Financial Services Corp has a fifty-two week low of $37.28 and a fifty-two week high of $63.13. The firm 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 quick ratio of 0.91 and a current ratio of 0.91. The stock’s 50-day simple moving average is $58.25 and its 200-day simple moving average is $55.79.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, January 27th. The bank reported $1.32 earnings per share for the quarter, topping 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 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, March 14th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.28. Enterprise Financial Services’s dividend payout ratio (DPR) is 23.97%.

Wall Street Analyst Weigh In

A number of analysts recently commented on EFSC shares. DA Davidson lifted their target price on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed 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.

Institutional Investors Weigh In On Enterprise Financial Services

Hedge funds have recently added to or reduced their stakes in the business. PL Capital Advisors LLC raised its stake in shares of Enterprise Financial Services by 5,540.0% during the 4th quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank’s stock valued at $2,238,852,000 after buying an additional 38,992,127 shares during the last quarter. Wellington Management Group LLP raised its position in Enterprise Financial Services by 16.6% during the third quarter. Wellington Management Group LLP now owns 3,545,092 shares of the bank’s stock valued at $181,721,000 after acquiring an additional 505,552 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Enterprise Financial Services in the fourth quarter valued at approximately $7,556,000. Jennison Associates LLC boosted its position in Enterprise Financial Services by 28.3% in the 4th quarter. Jennison Associates LLC now owns 566,780 shares of the bank’s stock worth $31,966,000 after purchasing an additional 125,150 shares in the last quarter. Finally, Foundry Partners LLC grew its stake in shares of Enterprise Financial Services by 1,856.8% during the 3rd quarter. Foundry Partners LLC now owns 130,869 shares of the bank’s stock worth $6,708,000 after purchasing an additional 124,181 shares during the period. 72.21% of the stock is 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.