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 business’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 sale, the director now directly owns 15,447 shares in the company, valued at approximately $903,186.09. This represents a 26.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Enterprise Financial Services Stock Performance

Shares of EFSC opened at $59.17 on Tuesday. 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 stock has a market cap of $2.20 billion, a P/E ratio of 12.23 and a beta of 0.99. The company has a 50-day moving average of $58.24 and a two-hundred day moving average of $55.74. Enterprise Financial Services Corp has a 12-month low of $37.28 and a 12-month high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. As a group, research analysts predict that Enterprise Financial Services Corp will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.28. Enterprise Financial Services’s payout ratio is currently 23.97%.

Analyst Ratings Changes

A number of research firms recently commented on EFSC. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $70.00 price objective (up previously from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th. DA Davidson boosted their price objective on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th.

Hedge Funds Weigh In On Enterprise Financial Services

A number of institutional investors have recently modified their holdings of EFSC. Versant Capital Management Inc purchased a new stake in Enterprise Financial Services during the fourth quarter worth approximately $29,000. Quarry LP grew its stake in Enterprise Financial Services by 2,593.5% during the third quarter. Quarry LP now owns 835 shares of the bank’s stock worth $43,000 after buying an additional 804 shares during the period. Point72 DIFC Ltd purchased a new stake in Enterprise Financial Services during the third quarter worth approximately $102,000. FMR LLC grew its stake in Enterprise Financial Services by 34.2% during the third quarter. FMR LLC now owns 2,560 shares of the bank’s stock worth $131,000 after buying an additional 653 shares during the period. Finally, New York State Teachers Retirement System purchased a new position in shares of Enterprise Financial Services in the fourth quarter valued at $191,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.