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

Enterprise Financial Services Corp (NASDAQ:EFSCP) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 23,843 shares, an increase of 51.8% from the February 12th total of 15,703 shares. Based on an average daily volume of 1,476 shares, the days-to-cover ratio is currently 16.2 days. Based on an average daily volume of 1,476 shares, the days-to-cover ratio is currently 16.2 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 stake in Enterprise Financial Services Corp (NASDAQ:EFSCP) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,750 shares of the company’s stock after purchasing an additional 500 shares during the period. Jag Capital Management LLC’s holdings in Enterprise Financial Services were worth $304,000 at the end of the most recent reporting period.

Enterprise Financial Services Stock Down 0.7%

Shares of NASDAQ:EFSCP traded down $0.14 on Friday, reaching $20.17. 171 shares of the company’s stock were exchanged, compared to its average volume of 2,345. The business’s 50-day moving average is $20.47 and its two-hundred day moving average is $20.21. Enterprise Financial Services has a fifty-two week low of $17.20 and a fifty-two week high of $20.95.

Enterprise Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 15th. Shareholders of record on Friday, February 27th will be issued a $0.3125 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.25 dividend on an annualized basis and a yield of 6.2%.

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.