Enterprise Financial Services (NASDAQ:EFSC) EVP Mark Ponder Sells 1,250 Shares

Enterprise Financial Services Corporation (NASDAQ:EFSC) EVP Mark Ponder sold 1,250 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total transaction of $75,687.50. Following the completion of the transaction, the executive vice president directly owned 23,526 shares of the company’s stock, valued at approximately $1,424,499.30. The trade was a 5.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Enterprise Financial Services Price Performance

Shares of NASDAQ:EFSC opened at $57.55 on Thursday. The firm has a 50 day simple moving average of $56.29 and a 200 day simple moving average of $55.85. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 10.86 and a beta of 0.79. Enterprise Financial Services Corporation has a one year low of $50.09 and a one year high of $62.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.01. The firm had revenue of $113.74 million during the quarter, compared to the consensus estimate of $174.02 million. Enterprise Financial Services had a net margin of 19.81% and a return on equity of 10.40%. Research analysts predict that Enterprise Financial Services Corporation will post 5.56 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.34 dividend. The ex-dividend date is Monday, June 15th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a yield of 2.4%. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 24.91%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd lifted its position in shares of Enterprise Financial Services by 2.7% during the first quarter. Y Intercept Hong Kong Ltd now owns 8,352 shares of the bank’s stock valued at $452,000 after purchasing an additional 219 shares in the last quarter. Strs Ohio lifted its position in shares of Enterprise Financial Services by 51.4% during the first quarter. Strs Ohio now owns 16,200 shares of the bank’s stock valued at $877,000 after purchasing an additional 5,500 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Enterprise Financial Services by 17.6% during the first quarter. Pictet Asset Management Holding SA now owns 6,190 shares of the bank’s stock valued at $335,000 after purchasing an additional 926 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Enterprise Financial Services by 123.1% during the first quarter. SG Americas Securities LLC now owns 65,832 shares of the bank’s stock valued at $3,562,000 after purchasing an additional 36,328 shares in the last quarter. Finally, Cornerstone Planning LLC bought a new position in shares of Enterprise Financial Services during the fourth quarter valued at about $310,000. 72.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Piper Sandler raised their price target on shares of Enterprise Financial Services from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Weiss Ratings upgraded shares of Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Raymond James Financial started coverage on shares of Enterprise Financial Services in a research note on Tuesday. They issued an “outperform” rating and a $65.00 price objective on the stock. Finally, DA Davidson raised their price objective on shares of Enterprise Financial Services from $66.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Enterprise Financial Services has a consensus rating of “Moderate Buy” and an average target price of $66.00.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.