Insider Selling: Enterprise Financial Services Corp (NASDAQ:EFSC) CEO Sells 4,689 Shares of Stock

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

Enterprise Financial Services Stock Performance

Shares of EFSC opened at $54.41 on Thursday. The company has a market capitalization of $2.01 billion, a PE ratio of 11.24 and a beta of 0.85. Enterprise Financial Services Corp has a one year low of $37.28 and a one year high of $63.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The company’s fifty day moving average price is $52.16 and its 200 day moving average price is $56.10.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, April 28th. The bank reported $1.31 EPS for the quarter, topping the consensus estimate of $1.17 by $0.14. The firm had revenue of $18.48 million for the quarter, compared to the consensus estimate of $162.83 million. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. As a group, analysts expect that Enterprise Financial Services Corp will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.21%. The ex-dividend date is Monday, June 16th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.29. Enterprise Financial Services’s dividend payout ratio (DPR) is 23.53%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on EFSC shares. Keefe, Bruyette & Woods cut their price target on shares of Enterprise Financial Services from $69.00 to $66.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. DA Davidson cut their price target on shares of 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 Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Enterprise Financial Services in the 1st quarter worth $28,000. Summit Securities Group LLC acquired a new stake in Enterprise Financial Services in the 1st quarter worth $32,000. Versant Capital Management Inc grew its position 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 purchasing an additional 264 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Enterprise Financial Services by 302.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 793 shares of the bank’s stock worth $43,000 after purchasing an additional 596 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in Enterprise Financial Services in the 1st quarter worth $50,000. 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.