Enterprise Financial Services Corp. (EFSC) Sees Strong Trading Volume
Shares of Enterprise Financial Services Corp. (NASDAQ:EFSC) saw strong trading volume on Tuesday . 111,356 shares were traded during trading, an increase of 56% from the previous session’s volume of 71,487 shares.The stock last traded at $27.41 and had previously closed at $27.72.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Enterprise Financial Services Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Piper Jaffray Cos. assumed coverage on Enterprise Financial Services Corp. in a report on Monday, July 11th. They set an “overweight” rating and a $31.25 price objective for the company. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $31.56.
The company’s 50-day moving average is $27.63 and its 200 day moving average is $27.27. The company has a market capitalization of $548.78 million and a PE ratio of 13.91.
Enterprise Financial Services Corp. (NASDAQ:EFSC) last announced its earnings results on Thursday, April 28th. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.02. Equities analysts predict that Enterprise Financial Services Corp. will post $2.18 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a dividend of $0.10 per share. This is a boost from Enterprise Financial Services Corp.’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.46%. The ex-dividend date was Monday, June 13th.
In other Enterprise Financial Services Corp. news, Director James Murphy sold 20,000 shares of Enterprise Financial Services Corp. stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $26.48, for a total transaction of $529,600.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Scott Richard Goodman sold 2,222 shares of Enterprise Financial Services Corp. stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of $26.90, for a total value of $59,771.80. Following the transaction, the president now directly owns 36,860 shares in the company, valued at $991,534. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Enterprise Financial Services Corp. by 8.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 724,586 shares of the company’s stock worth $20,543,000 after buying an additional 56,418 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of Enterprise Financial Services Corp. by 9.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 135,238 shares of the company’s stock worth $3,834,000 after buying an additional 11,441 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Enterprise Financial Services Corp. by 7.9% in the fourth quarter. California Public Employees Retirement System now owns 93,100 shares of the company’s stock worth $2,639,000 after buying an additional 6,800 shares in the last quarter. Systematic Financial Management LP acquired a new position in shares of Enterprise Financial Services Corp. during the fourth quarter worth about $1,399,000. Finally, EAM Investors LLC acquired a new position in shares of Enterprise Financial Services Corp. during the fourth quarter worth about $1,074,000.
Enterprise Financial Services Corp (Enterprise) is the bank holding company for Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets. The Company offers a range of business and personal banking services.
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