Insider Selling: Enterprise Financial Services Corporation (NASDAQ:EFSC) CEO Sells 1,828 Shares of Stock

Enterprise Financial Services Corporation (NASDAQ:EFSC - Get Free Report) CEO James Brian Lally sold 1,828 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $55.16, for a total transaction of $100,832.48. Following the sale, the chief executive officer now directly owns 100,885 shares in the company, valued at $5,564,816.60. The trade was a 1.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, June 24th, James Brian Lally sold 1,655 shares of Enterprise Financial Services stock. The stock was sold at an average price of $55.04, for a total transaction of $91,091.20.
• 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 value of $22,004.00.
• On Monday, May 12th, James Brian Lally sold 4,689 shares of Enterprise Financial Services stock. The stock was sold at an average price of $55.18, for a total value of $258,739.02.

Enterprise Financial Services Trading Down 0.1%

Shares of NASDAQ EFSC traded down $0.05 during trading hours on Friday, hitting $55.73. 418,530 shares of the company traded hands, compared to its average volume of 187,103. The company's 50 day moving average price is $52.86 and its 200 day moving average price is $55.04. Enterprise Financial Services Corporation has a 12 month low of $38.55 and a 12 month high of $63.13. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 10.93 and a beta of 0.86. 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 data 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 net margin of 20.92% and a return on equity of 11.14%. The business had revenue of $18.48 million for the quarter, compared to analysts' expectations of $162.83 million. On average, equities research analysts anticipate 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. Investors of record on Monday, June 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.15%. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.29. The ex-dividend date is Monday, June 16th. Enterprise Financial Services's dividend payout ratio is presently 23.53%.

Institutional Trading of Enterprise Financial Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EFSC. Opal Wealth Advisors LLC bought a new position in shares of Enterprise Financial Services during the first quarter valued at approximately $28,000. Summit Securities Group LLC purchased a new position in Enterprise Financial Services during the 1st quarter valued at $32,000. Versant Capital Management Inc grew its position in Enterprise Financial Services by 51.7% in the 1st quarter. Versant Capital Management Inc now owns 775 shares of the bank's stock valued at $42,000 after acquiring an additional 264 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Enterprise Financial Services by 302.5% in 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 last quarter. Finally, USA Financial Formulas purchased a new stake in Enterprise Financial Services in the first quarter worth $50,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EFSC. Keefe, Bruyette & Woods dropped their price target on 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. DA Davidson cut 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. Finally, Wall Street Zen lowered shares of Enterprise Financial Services from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th.

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.

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