Enterprise Financial Services (NASDAQ:EFSCP) Shares Up 1% – Here’s Why

Enterprise Financial Services Corp (NASDAQ:EFSCP)’s stock price shot up 1% during trading on Friday . The company traded as high as $20.01 and last traded at $20.1010. 331 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 2,302 shares. The stock had previously closed at $19.91.

Enterprise Financial Services Stock Up 1.0%

The stock has a 50 day moving average of $20.15 and a 200 day moving average of $20.09.

Enterprise Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Friday, May 29th.

Hedge Funds Weigh In On Enterprise Financial Services

An institutional investor recently raised its position in Enterprise Financial Services stock. Jag Capital Management LLC raised its stake in Enterprise Financial Services Corp (NASDAQ:EFSCP) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,750 shares of the company’s stock after acquiring an additional 500 shares during the period. Jag Capital Management LLC’s holdings in Enterprise Financial Services were worth $304,000 as of its most recent SEC filing.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp (NASDAQ:EFSCP) is a bank holding company headquartered in Clayton, Missouri. Through its wholly owned subsidiary, Enterprise Bank & Trust, the company offers a range of financial services to small and midsize businesses, as well as high-net-worth individuals. Its core products include commercial and industrial lending, real estate financing, treasury and cash management, and trust and wealth management services.

Since its inception, the company has expanded its footprint across multiple states including Missouri, Illinois, Kansas, Oklahoma, Texas, Arizona, California, Arkansas, Tennessee, and Florida.