Enterprise Financial Services Corp (NASDAQ:EFSCP) Sees Large Increase in Short Interest

Enterprise Financial Services Corp (NASDAQ:EFSCP) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 15,718 shares, a growth of 61.0% from the November 30th total of 9,763 shares. Based on an average daily trading volume, of 2,993 shares, the days-to-cover ratio is currently 5.3 days. Based on an average daily trading volume, of 2,993 shares, the days-to-cover ratio is currently 5.3 days.

Institutional Trading of Enterprise Financial Services

An institutional investor recently raised its position in Enterprise Financial Services stock. Jag Capital Management LLC boosted its position in Enterprise Financial Services Corp (NASDAQ:EFSCP) by 10.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,250 shares of the company’s stock after buying an additional 1,400 shares during the period. Jag Capital Management LLC’s holdings in Enterprise Financial Services were worth $281,000 as of its most recent SEC filing.

Enterprise Financial Services Stock Performance

Enterprise Financial Services stock traded down $0.23 during trading hours on Tuesday, reaching $19.70. The stock had a trading volume of 4,959 shares, compared to its average volume of 2,485. Enterprise Financial Services has a 52 week low of $17.20 and a 52 week high of $20.95. The business’s 50 day moving average price is $19.80 and its 200-day moving average price is $20.12.

Enterprise Financial Services (NASDAQ:EFSCP) last released its earnings results on Monday, January 31st. The company reported $0.73 EPS for the quarter. The company had revenue of $95.10 million during the quarter.

Enterprise Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 6.3%. The ex-dividend date was Friday, November 28th.

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.