Enterprise Financial Services (NASDAQ:EFSCP) Trading Down 0.4% – Here’s Why

Shares of Enterprise Financial Services Corp (NASDAQ:EFSCP) dropped 0.4% on Thursday . The company traded as low as $19.90 and last traded at $19.91. Approximately 7,496 shares changed hands during mid-day trading, an increase of 203% from the average daily volume of 2,471 shares. The stock had previously closed at $19.99.

Enterprise Financial Services Price Performance

The company’s fifty day simple moving average is $19.83 and its 200 day simple moving average is $20.08.

Enterprise Financial Services (NASDAQ:EFSCP) last issued its quarterly earnings results on Monday, January 31st. The company reported $0.73 earnings per share (EPS) for the quarter. The business had revenue of $95.10 million during the quarter.

Enterprise Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a $0.3125 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.25 annualized dividend and a yield of 6.3%.

Institutional Investors Weigh In On Enterprise Financial Services

A hedge fund recently raised its stake in Enterprise Financial Services stock. Jag Capital Management LLC boosted its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSCP) by 10.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,250 shares of the company’s stock after purchasing an additional 1,400 shares during the period. Jag Capital Management LLC’s holdings in Enterprise Financial Services were worth $281,000 at the end of the most recent reporting period.

About Enterprise Financial Services

Enterprise Financial Services Corp (NASDAQ:EFSCP) is a bank holding company headquartered in Clayton, Missouri. Through its wholly owned subsidiary, Enterprise Bank & Trust, the company offers a range of financial services to small and midsize businesses, as well as high-net-worth individuals. Its core products include commercial and industrial lending, real estate financing, treasury and cash management, and trust and wealth management services.

Since its inception, the company has expanded its footprint across multiple states including Missouri, Illinois, Kansas, Oklahoma, Texas, Arizona, California, Arkansas, Tennessee, and Florida.