Enterprise Financial Services (NASDAQ:EFSC) Stock Crosses Above 200-Day Moving Average - Here's Why

Enterprise Financial Services Corporation (NASDAQ:EFSC - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $55.07 and traded as high as $55.29. Enterprise Financial Services shares last traded at $54.67, with a volume of 174,216 shares.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EFSC shares. Wall Street Zen downgraded Enterprise Financial Services from a "hold" rating to a "sell" rating in a report on Saturday, June 7th. DA Davidson reduced their price objective on shares of 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. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th.

Enterprise Financial Services Trading Down 0.1%

The firm has a market capitalization of $2.06 billion, a PE ratio of 10.93 and a beta of 0.86. The firm has a 50 day simple moving average of $53.00 and a 200 day simple moving average of $54.98. 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 released its quarterly earnings data on Monday, April 28th. The bank reported $1.31 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $162.83 million. Equities analysts expect that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.15%. 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%.

Insider Transactions at Enterprise Financial Services

In other news, CEO James Brian Lally sold 4,689 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $55.18, for a total value of $258,739.02. Following the transaction, the chief executive officer now directly owns 106,974 shares in the company, valued at $5,902,825.32. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael E. Finn bought 1,500 shares of the stock in a transaction on Friday, June 6th. The stock was purchased at an average cost of $52.50 per share, for a total transaction of $78,750.00. Following the acquisition, the director now owns 1,500 shares of the company's stock, valued at $78,750. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 8,572 shares of company stock worth $472,667 over the last three months. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Enterprise Financial Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Opal Wealth Advisors LLC purchased a new stake in Enterprise Financial Services during the first quarter valued at approximately $28,000. Summit Securities Group LLC bought a new position in Enterprise Financial Services in the 1st quarter worth $32,000. Versant Capital Management Inc lifted its position in Enterprise Financial Services by 51.7% during the first quarter. Versant Capital Management Inc now owns 775 shares of the bank's stock valued at $42,000 after purchasing an additional 264 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Enterprise Financial Services by 302.5% during the first 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 period. Finally, USA Financial Formulas purchased a new stake in Enterprise Financial Services in the first quarter worth about $50,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

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.