Short Interest in Enterprise Financial Services Corp (NASDAQ:EFSCP) Decreases By 62.2%

Enterprise Financial Services Corp (NASDAQ:EFSCP) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 5,935 shares, a decline of 62.2% from the December 15th total of 15,718 shares. Based on an average trading volume of 3,206 shares, the days-to-cover ratio is currently 1.9 days. Based on an average trading volume of 3,206 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Trading of Enterprise Financial Services

An institutional investor recently raised its position in Enterprise Financial Services stock. Jag Capital Management LLC increased its position in Enterprise Financial Services Corp (NASDAQ:EFSCP) by 10.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,250 shares of the company’s stock after purchasing an additional 1,400 shares during the quarter. Jag Capital Management LLC’s holdings in Enterprise Financial Services were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

Enterprise Financial Services Stock Performance

NASDAQ EFSCP traded down $0.17 on Wednesday, hitting $20.60. 1,011 shares of the company’s stock were exchanged, compared to its average volume of 4,357. Enterprise Financial Services has a fifty-two week low of $17.20 and a fifty-two week high of $20.95. The firm’s 50-day moving average price is $19.79 and its two-hundred day moving average price is $20.17.

Enterprise Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 6.1%. 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.