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

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

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

• On Thursday, May 15th, James Brian Lally sold 400 shares of Enterprise Financial Services stock. The stock was sold at an average price of $55.01, for a total value 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 value of $258,739.02.

Enterprise Financial Services Trading Up 2.4%

NASDAQ EFSC traded up $1.31 during trading hours on Thursday, reaching $55.78. The company's stock had a trading volume of 164,540 shares, compared to its average volume of 208,558. The firm has a fifty day simple moving average of $52.72 and a 200-day simple moving average of $55.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. Enterprise Financial Services Corporation has a 52 week low of $38.55 and a 52 week high of $63.13. The stock has a market cap of $2.06 billion, a P/E ratio of 10.94 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, topping analysts' consensus estimates of $1.17 by $0.14. Enterprise Financial Services had a return on equity of 11.14% and a net margin of 20.92%. The company had revenue of $18.48 million during the quarter, compared to the consensus estimate of $162.83 million. Equities analysts forecast that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on EFSC. 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. Keefe, Bruyette & Woods decreased 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. Finally, DA Davidson dropped their price target on Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th.

Institutional Trading of Enterprise Financial Services

A number of large investors have recently bought and sold shares of the business. Opal Wealth Advisors LLC bought a new stake in Enterprise Financial Services in the first quarter worth approximately $28,000. Summit Securities Group LLC bought a new position in shares of Enterprise Financial Services during the 1st quarter worth approximately $32,000. Versant Capital Management Inc grew its position in shares of Enterprise Financial Services by 51.7% during the 1st quarter. Versant Capital Management Inc now owns 775 shares of the bank's stock worth $42,000 after buying an additional 264 shares during the period. PNC Financial Services Group Inc. lifted its position 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 acquiring an additional 596 shares during the period. Finally, USA Financial Formulas bought a new position in Enterprise Financial Services during the first quarter worth $50,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.

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