Insider Selling: Enterprise Financial Services Corp (NASDAQ:EFSC) CEO Sells $258,739.02 in Stock

Enterprise Financial Services Corp (NASDAQ:EFSC) CEO James Brian Lally sold 4,689 shares of Enterprise Financial Services stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $55.18, for a total transaction of $258,739.02. Following the completion of the sale, the chief executive officer now owns 106,974 shares of the company’s stock, valued at $5,902,825.32. This trade represents a 4.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Enterprise Financial Services Trading Up 0.7%

EFSC opened at $54.81 on Friday. The company has a 50-day simple moving average of $52.16 and a 200 day simple moving average of $56.11. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 11.32 and a beta of 0.85. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services Corp has a twelve month low of $37.28 and a twelve month high of $63.13.

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 analysts’ consensus estimates of $1.17 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. The business had revenue of $18.48 million for the quarter, compared to analysts’ expectations of $162.83 million. Analysts predict that Enterprise Financial Services Corp will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.30 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Monday, June 16th. Enterprise Financial Services’s dividend payout ratio is currently 23.53%.

Institutional Trading of Enterprise Financial Services

Several large investors have recently bought and sold shares of EFSC. PL Capital Advisors LLC lifted its holdings in shares of Enterprise Financial Services by 5,540.0% in the fourth quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank’s stock worth $2,238,852,000 after acquiring an additional 38,992,127 shares during the last quarter. Vanguard Group Inc. boosted its position in Enterprise Financial Services by 10.8% in the first quarter. Vanguard Group Inc. now owns 2,314,377 shares of the bank’s stock valued at $124,375,000 after buying an additional 225,369 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Enterprise Financial Services by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,215,368 shares of the bank’s stock worth $124,947,000 after buying an additional 54,987 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Enterprise Financial Services by 7.5% during the first quarter. American Century Companies Inc. now owns 911,911 shares of the bank’s stock worth $49,006,000 after buying an additional 63,972 shares during the last quarter. Finally, William Blair Investment Management LLC increased its holdings in shares of Enterprise Financial Services by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 694,316 shares of the bank’s stock worth $39,159,000 after buying an additional 16,922 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. DA Davidson decreased their target price on shares of Enterprise Financial Services from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods reduced their price target on Enterprise Financial Services from $69.00 to $66.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th.

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.