Enterprise Financial Services Corp (NASDAQ:EFSC) Director James M. Havel Sells 5,525 Shares

Enterprise Financial Services Corp (NASDAQ:EFSC) Director James M. Havel sold 5,525 shares of the 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 sale, the director now directly owns 15,447 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website.

Enterprise Financial Services Stock Performance

NASDAQ:EFSC opened at $59.17 on Tuesday. Enterprise Financial Services Corp has a twelve month low of $37.28 and a twelve month high of $63.13. 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 company has a 50-day moving average of $58.24 and a 200-day moving average of $55.74. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 12.23 and a beta of 0.99.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, January 27th. The bank reported $1.32 EPS 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%. Analysts forecast that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently announced 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 represents a $1.16 annualized dividend and a dividend yield of 1.96%. This is a boost 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 dividend payout ratio (DPR) is presently 23.97%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on EFSC shares. 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 research report on Wednesday, January 29th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $70.00 price objective (up previously from $68.00) on shares of Enterprise Financial Services in a research report on Wednesday, January 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EFSC. Versant Capital Management Inc acquired a new position in shares of Enterprise Financial Services in the fourth quarter worth about $29,000. Quarry LP raised its position in Enterprise Financial Services by 2,593.5% during the third quarter. Quarry LP now owns 835 shares of the bank’s stock valued at $43,000 after acquiring an additional 804 shares in the last quarter. Point72 DIFC Ltd bought a new position in Enterprise Financial Services during the third quarter valued at approximately $102,000. FMR LLC raised its position in Enterprise Financial Services by 34.2% during the third quarter. FMR LLC now owns 2,560 shares of the bank’s stock valued at $131,000 after acquiring an additional 653 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in Enterprise Financial Services by 169.7% during the third quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank’s stock valued at $177,000 after acquiring an additional 2,172 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.