Enterprise Financial Services Corporation (NASDAQ:EFSC) Director Buys $81,165.00 in Stock

Key Points

• Michael E. Finn, a director at Enterprise Financial Services Corporation, purchased 1,500 shares at an average cost of $54.11, resulting in a total investment of $81,165 and a 100% increase in his ownership.
• Enterprise Financial Services announced a quarterly dividend increase to $0.31 per share, representing a 2.2% dividend yield and a payout ratio of 22.77%.
• The company's recent earnings report showed a profit of $1.37 per share, exceeding analysts' expectations and contributing to a revenue of $176.05 million for the quarter.

Enterprise Financial Services Corporation (NASDAQ:EFSC - Get Free Report) Director Michael E. Finn acquired 1,500 shares of the business's stock in a transaction dated Monday, August 4th. The stock was purchased at an average price of $54.11 per share, with a total value of $81,165.00. Following the completion of the acquisition, the director directly owned 3,000 shares in the company, valued at approximately $162,330. This represents a 100.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Enterprise Financial Services Trading Up 0.4%

Shares of EFSC traded up $0.23 during mid-day trading on Friday, reaching $54.55. 6,995 shares of the company's stock traded hands, compared to its average volume of 202,962. Enterprise Financial Services Corporation has a 12 month low of $45.22 and a 12 month high of $63.13. The stock has a market cap of $2.02 billion, a P/E ratio of 10.34 and a beta of 0.90. The stock's 50-day moving average is $55.19 and its two-hundred day moving average is $54.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.88 and a quick ratio of 0.89.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The bank reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.17. The company had revenue of $176.05 million for the quarter, compared to analysts' expectations of $166.82 million. Enterprise Financial Services had a return on equity of 11.19% and a net margin of 21.28%. Research 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.31 per share. The ex-dividend date is Monday, September 15th. This represents a $1.24 annualized dividend and a dividend yield of 2.3%. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.30. Enterprise Financial Services's dividend payout ratio (DPR) is currently 23.53%.

Analyst Ratings Changes

Several research firms recently weighed in on EFSC. Wall Street Zen upgraded Enterprise Financial Services from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. 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. Finally, DA Davidson decreased their target price on Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th.

Institutional Trading of Enterprise Financial Services

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc raised its stake in Enterprise Financial Services by 51.7% in the 1st quarter. Versant Capital Management Inc now owns 775 shares of the bank's stock worth $42,000 after acquiring an additional 264 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in Enterprise Financial Services by 7.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,873 shares of the bank's stock worth $218,000 after acquiring an additional 265 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Enterprise Financial Services by 4.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,640 shares of the bank's stock worth $411,000 after acquiring an additional 302 shares during the last quarter. XTX Topco Ltd raised its stake in Enterprise Financial Services by 7.5% in the 4th quarter. XTX Topco Ltd now owns 5,714 shares of the bank's stock worth $322,000 after acquiring an additional 399 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in Enterprise Financial Services in the 1st quarter worth $28,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

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.