Enterprise Financial Services (NASDAQ:EFSC) EVP Sells $75,687.50 in Stock

Enterprise Financial Services Corporation (NASDAQ:EFSC) EVP Mark Ponder sold 1,250 shares of Enterprise Financial Services stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $60.55, for a total value of $75,687.50. Following the completion of the sale, the executive vice president owned 23,526 shares of the company’s stock, valued at approximately $1,424,499.30. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Enterprise Financial Services Price Performance

Shares of EFSC stock opened at $58.89 on Friday. The stock has a 50-day moving average price of $56.23 and a 200 day moving average price of $55.86. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.24. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 11.11 and a beta of 0.79. Enterprise Financial Services Corporation has a 12 month low of $50.88 and a 12 month high of $62.30.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.01. Enterprise Financial Services had a return on equity of 10.40% and a net margin of 19.81%.The firm had revenue of $113.74 million for the quarter, compared to analysts’ expectations of $174.02 million. Research analysts expect that Enterprise Financial Services Corporation will post 5.55 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.3%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.33. The ex-dividend date is Monday, June 15th. Enterprise Financial Services’s dividend payout ratio (DPR) is 24.91%.

Hedge Funds Weigh In On Enterprise Financial Services

Several institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans raised its position in Enterprise Financial Services by 146.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 969,533 shares of the bank’s stock valued at $56,213,000 after buying an additional 576,655 shares during the last quarter. Wellington Management Group LLP raised its position in Enterprise Financial Services by 12.6% in the 4th quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank’s stock valued at $159,414,000 after buying an additional 329,346 shares during the last quarter. Millennium Management LLC raised its position in Enterprise Financial Services by 2,090.9% in the 4th quarter. Millennium Management LLC now owns 105,077 shares of the bank’s stock valued at $5,674,000 after buying an additional 100,281 shares during the last quarter. Endeavour Capital Advisors Inc. raised its position in Enterprise Financial Services by 109.8% in the 4th quarter. Endeavour Capital Advisors Inc. now owns 185,240 shares of the bank’s stock valued at $10,003,000 after buying an additional 96,926 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Enterprise Financial Services by 6.0% in the 4th quarter. First Trust Advisors LP now owns 1,471,244 shares of the bank’s stock valued at $79,447,000 after buying an additional 83,626 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods raised their target price on Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. DA Davidson lifted their price objective on Enterprise Financial Services from $66.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Piper Sandler lifted their price objective on Enterprise Financial Services from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Raymond James Financial assumed coverage on Enterprise Financial Services in a report on Tuesday. They set an “outperform” rating and a $65.00 price objective on the stock. Finally, Weiss Ratings upgraded Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.