Enterprise Financial Services Corp (NASDAQ:EFSC - Get Free Report) Director Michael E. Finn acquired 1,500 shares of Enterprise Financial Services stock in a transaction on Friday, June 6th. The shares were bought at an average cost of $52.50 per share, for a total transaction of $78,750.00. Following the completion of the purchase, the director now directly owns 1,500 shares of the company's stock, valued at $78,750. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Enterprise Financial Services Trading Up 0.6%
EFSC traded up $0.33 on Monday, reaching $53.21. 33,680 shares of the company traded hands, compared to its average volume of 181,990. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.97 billion, a P/E ratio of 11.00 and a beta of 0.86. The firm has a fifty day simple moving average of $51.46 and a two-hundred day simple moving average of $55.64. Enterprise Financial Services Corp has a one year low of $37.31 and a one year high of $63.13.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its earnings results on Monday, April 28th. The bank reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. The business had revenue of $18.48 million during the quarter, compared to analyst estimates of $162.83 million. As a group, equities research analysts expect that Enterprise Financial Services Corp will post 4.97 earnings per share for the current year.
Enterprise Financial Services Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.30 per share. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Monday, June 16th. Enterprise Financial Services's dividend payout ratio is 23.53%.
Hedge Funds Weigh In On Enterprise Financial Services
A number of large investors have recently added to or reduced their stakes in EFSC. Opal Wealth Advisors LLC purchased a new position in shares of Enterprise Financial Services in the 1st quarter worth approximately $28,000. Summit Securities Group LLC purchased a new position in Enterprise Financial Services in the first quarter worth $32,000. Versant Capital Management Inc increased its position in shares of Enterprise Financial Services by 51.7% during the first quarter. Versant Capital Management Inc now owns 775 shares of the bank's stock worth $42,000 after purchasing an additional 264 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Enterprise Financial Services by 302.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 793 shares of the bank's stock valued at $43,000 after purchasing an additional 596 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Enterprise Financial Services in the 1st quarter worth $50,000. 72.21% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of analysts recently issued reports on EFSC shares. Wall Street Zen downgraded Enterprise Financial Services from a "hold" rating to a "sell" rating in a research report on Saturday. Keefe, Bruyette & Woods cut their price target on shares of Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, DA Davidson reduced their price target on Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th.
View Our Latest Report on Enterprise Financial Services
About Enterprise Financial Services
(
Get Free Report)
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.
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