Scott Richard Goodman Sells 4,000 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC) Stock

Enterprise Financial Services Corp (NASDAQ:EFSC) President Scott Richard Goodman sold 4,000 shares of the stock in a transaction on Thursday, June 10th. The shares were sold at an average price of $49.13, for a total transaction of $196,520.00. Following the completion of the transaction, the president now directly owns 44,119 shares in the company, valued at $2,167,566.47. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NASDAQ EFSC traded up $0.14 during mid-day trading on Friday, reaching $48.11. The company had a trading volume of 1,425 shares, compared to its average volume of 146,497. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $49.40. The stock has a market cap of $1.50 billion, a PE ratio of 14.99 and a beta of 1.40. Enterprise Financial Services Corp has a 52-week low of $25.21 and a 52-week high of $52.00.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Sunday, April 25th. The bank reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.08. The firm had revenue of $90.41 million during the quarter, compared to analysts’ expectations of $95.14 million. Enterprise Financial Services had a net margin of 25.02% and a return on equity of 9.33%. Research analysts predict that Enterprise Financial Services Corp will post 3.89 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Tuesday, June 15th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Monday, June 14th. Enterprise Financial Services’s dividend payout ratio is currently 26.09%.

A number of large investors have recently modified their holdings of the stock. Earnest Partners LLC boosted its stake in Enterprise Financial Services by 32.4% during the 1st quarter. Earnest Partners LLC now owns 2,381,977 shares of the bank’s stock worth $117,765,000 after purchasing an additional 582,331 shares during the period. BlackRock Inc. boosted its stake in Enterprise Financial Services by 9.5% during the 1st quarter. BlackRock Inc. now owns 2,104,018 shares of the bank’s stock worth $104,024,000 after purchasing an additional 182,958 shares during the period. Janus Henderson Group PLC boosted its stake in Enterprise Financial Services by 6.0% during the 4th quarter. Janus Henderson Group PLC now owns 935,789 shares of the bank’s stock worth $32,706,000 after purchasing an additional 52,907 shares during the period. PL Capital Advisors LLC lifted its stake in shares of Enterprise Financial Services by 17.0% in the 1st quarter. PL Capital Advisors LLC now owns 721,046 shares of the bank’s stock worth $35,649,000 after acquiring an additional 105,000 shares during the period. Finally, Investment Counselors of Maryland LLC lifted its stake in shares of Enterprise Financial Services by 3.4% in the 1st quarter. Investment Counselors of Maryland LLC now owns 691,046 shares of the bank’s stock worth $34,165,000 after acquiring an additional 22,941 shares during the period. Hedge funds and other institutional investors own 70.59% of the company’s stock.

Separately, Zacks Investment Research raised shares of Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Wednesday.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. The company offers checking, savings, and money market accounts, and certificates of deposit. It also provides commercial and industrial, commercial real estate, construction and land development, residential real estate, agricultural, and consumer loans.

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