James Brian Lally Sells 1,655 Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) Stock

Enterprise Financial Services Corporation (NASDAQ:EFSC - Get Free Report) CEO James Brian Lally sold 1,655 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $55.04, for a total transaction of $91,091.20. Following the completion of the sale, the chief executive officer now directly owns 102,713 shares in the company, valued at approximately $5,653,323.52. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

James Brian Lally also recently made the following trade(s):

• On Thursday, June 26th, James Brian Lally sold 1,828 shares of Enterprise Financial Services stock. The stock was sold at an average price of $55.16, for a total transaction of $100,832.48.
• On Thursday, May 15th, James Brian Lally sold 400 shares of Enterprise Financial Services stock. The shares were sold at an average price of $55.01, for a total transaction of $22,004.00.
• On Monday, May 12th, James Brian Lally sold 4,689 shares of Enterprise Financial Services stock. The shares were sold at an average price of $55.18, for a total transaction of $258,739.02.

Enterprise Financial Services Price Performance

Shares of EFSC stock traded down $0.05 during trading hours on Friday, hitting $55.73. 418,530 shares of the company's stock were exchanged, compared to its average volume of 185,255. The company has a market capitalization of $2.06 billion, a PE ratio of 10.93 and a beta of 0.86. Enterprise Financial Services Corporation has a 12-month low of $38.88 and a 12-month high of $63.13. The business's 50 day simple moving average is $53.00 and its 200-day simple moving average is $54.95. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The bank reported $1.31 EPS for the quarter, topping the consensus estimate of $1.17 by $0.14. The firm had revenue of $18.48 million for the quarter, compared to the consensus estimate of $162.83 million. Enterprise Financial Services had a net margin of 20.92% and a return on equity of 11.14%. On average, equities research analysts anticipate that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, June 16th. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 2.15%. Enterprise Financial Services's dividend payout ratio (DPR) is 23.53%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EFSC. Principal Financial Group Inc. raised its stake in shares of Enterprise Financial Services by 7.0% during the fourth quarter. Principal Financial Group Inc. now owns 17,252 shares of the bank's stock worth $973,000 after acquiring an additional 1,128 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Enterprise Financial Services by 48.4% in the fourth quarter. New York State Common Retirement Fund now owns 67,186 shares of the bank's stock worth $3,789,000 after purchasing an additional 21,922 shares during the last quarter. PL Capital Advisors LLC grew its holdings in shares of Enterprise Financial Services by 5,540.0% in 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 last quarter. Denali Advisors LLC grew its holdings in shares of Enterprise Financial Services by 102.7% in the fourth quarter. Denali Advisors LLC now owns 121,992 shares of the bank's stock worth $6,880,000 after purchasing an additional 61,806 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Enterprise Financial Services by 1.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 31,233 shares of the bank's stock worth $1,762,000 after purchasing an additional 297 shares during the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EFSC shares. DA Davidson lowered their target price on shares of Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Wall Street Zen downgraded shares of Enterprise Financial Services from a "hold" rating to a "sell" rating in a research note on Saturday, June 7th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th.

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.