Michael E. Finn Purchases 1,500 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC) Stock

Enterprise Financial Services Corp (NASDAQ:EFSC - Get Free Report) Director Michael E. Finn acquired 1,500 shares of the firm's stock in a transaction on Friday, June 6th. The stock was purchased at an average price of $52.50 per share, for a total transaction of $78,750.00. Following the completion of the transaction, the director now directly owns 1,500 shares in the company, valued at approximately $78,750. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Enterprise Financial Services Trading Down 0.1%

NASDAQ EFSC traded down $0.03 on Thursday, reaching $53.47. The company had a trading volume of 242,130 shares, compared to its average volume of 183,022. Enterprise Financial Services Corp has a 52 week low of $37.31 and a 52 week high of $63.13. The stock's 50 day moving average is $51.78 and its 200-day moving average is $55.51. 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 stock has a market cap of $1.97 billion, a price-to-earnings ratio of 11.05 and a beta of 0.86.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.14. The firm had revenue of $18.48 million during the quarter, compared to analysts' expectations of $162.83 million. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. Equities analysts predict that Enterprise Financial Services Corp will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm 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 represents a $1.20 annualized dividend and a yield of 2.24%. The ex-dividend date is Monday, June 16th. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.29. Enterprise Financial Services's dividend payout ratio (DPR) is presently 23.53%.

Wall Street Analysts Forecast Growth

EFSC has been the subject of a number of research reports. Wall Street Zen lowered Enterprise Financial Services from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th. DA Davidson lowered their price target on shares of Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PL Capital Advisors LLC raised its position in shares of Enterprise Financial Services by 5,540.0% during the fourth quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank's stock worth $2,238,852,000 after purchasing an additional 38,992,127 shares during the period. Nuveen LLC bought a new stake in Enterprise Financial Services during the 1st quarter worth approximately $22,901,000. Vanguard Group Inc. raised its holdings in Enterprise Financial Services by 10.8% during the 1st quarter. Vanguard Group Inc. now owns 2,314,377 shares of the bank's stock worth $124,375,000 after buying an additional 225,369 shares during the period. Raymond James Financial Inc. bought a new position in Enterprise Financial Services in the fourth quarter valued at approximately $7,556,000. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Enterprise Financial Services by 33.5% in the fourth quarter. Nuveen Asset Management LLC now owns 430,662 shares of the bank's stock valued at $24,289,000 after buying an additional 107,996 shares during the period. 72.21% of the stock is currently owned by institutional investors.

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.