Enterprise Financial Services Corporation (NASDAQ:EFSC) Director Michael E. Finn Purchases 1,500 Shares

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 purchased 1,500 shares of the firm's stock in a transaction that occurred on 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 purchase, the director directly owned 3,000 shares of the company's stock, valued at $162,330. The trade was a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Enterprise Financial Services Trading Up 0.6%

EFSC stock traded up $0.32 during midday trading on Friday, hitting $54.64. The stock had a trading volume of 71,925 shares, compared to its average volume of 174,564. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $2.02 billion, a PE ratio of 10.37 and a beta of 0.90. The company's 50-day moving average price is $55.22 and its 200 day moving average price is $54.93. Enterprise Financial Services Corporation has a 12-month low of $45.22 and a 12-month high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released 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. Enterprise Financial Services had a net margin of 21.28% and a return on equity of 11.19%. The company had revenue of $176.05 million during the quarter, compared to the consensus estimate of $166.82 million. On average, equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 15th. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.30. Enterprise Financial Services's dividend payout ratio is currently 22.77%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EFSC. Opal Wealth Advisors LLC bought a new position in shares of Enterprise Financial Services during the first quarter worth about $28,000. Summit Securities Group LLC bought a new position in Enterprise Financial Services during the 1st quarter worth approximately $32,000. Versant Capital Management Inc lifted its holdings in 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 last quarter. PNC Financial Services Group Inc. lifted its holdings in Enterprise Financial Services by 302.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 793 shares of the bank's stock worth $43,000 after buying an additional 596 shares during the last quarter. Finally, USA Financial Formulas bought a new position in Enterprise Financial Services during the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

Analysts Set New Price Targets

EFSC has been the subject of several research reports. Wall Street Zen raised Enterprise Financial Services from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods reduced their price objective on Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, DA Davidson reduced their price objective 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.

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.