Enterprise Financial Services Corporation (NASDAQ:EFSC) CEO James Brian Lally Sells 1,828 Shares

Enterprise Financial Services Corporation (NASDAQ:EFSC) CEO James Brian Lally sold 1,828 shares of the business’s stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $55.16, for a total value of $100,832.48. Following the completion of the transaction, the chief executive officer now directly owns 100,885 shares of the company’s stock, valued at approximately $5,564,816.60. This trade represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 value 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 shares were 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 opened at $55.73 on Friday. The stock’s 50 day moving average price is $53.00 and its two-hundred day moving average price is $55.01. Enterprise Financial Services Corporation has a 52-week low of $38.88 and a 52-week high of $63.13. The stock has a market capitalization of $2.06 billion, a P/E ratio of 10.93 and a beta of 0.86. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, April 28th. The bank reported $1.31 earnings per share (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 firm had revenue of $18.48 million for the quarter, compared to analysts’ expectations of $162.83 million. On average, 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.20 annualized dividend 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 presently 23.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EFSC shares. Wall Street Zen downgraded Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, June 7th. DA Davidson cut their price target on Enterprise Financial Services from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods cut 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.

Institutional Trading of Enterprise Financial Services

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers raised its stake in Enterprise Financial Services by 5.0% during the first quarter. Rhumbline Advisers now owns 61,908 shares of the bank’s stock valued at $3,327,000 after buying an additional 2,924 shares in the last quarter. Strs Ohio acquired a new stake in Enterprise Financial Services during the first quarter valued at approximately $489,000. Intech Investment Management LLC grew its holdings in shares of Enterprise Financial Services by 46.1% during the first quarter. Intech Investment Management LLC now owns 25,082 shares of the bank’s stock valued at $1,348,000 after purchasing an additional 7,909 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Enterprise Financial Services by 25.1% during the first quarter. Focus Partners Wealth now owns 5,398 shares of the bank’s stock valued at $290,000 after purchasing an additional 1,082 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Enterprise Financial Services by 10.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,398 shares of the bank’s stock valued at $5,718,000 after purchasing an additional 9,816 shares during the last quarter. Institutional investors and hedge funds 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.