Enterprise Financial Services Corp (NASDAQ:EFSC - Get Free Report) Director Richard Sanborn sold 100,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $59.56, for a total transaction of $5,956,000.00. Following the completion of the transaction, the director now directly owns 40,950 shares of the company's stock, valued at approximately $2,438,982. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Enterprise Financial Services Stock Up 0.7 %
NASDAQ:EFSC opened at $58.28 on Friday. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 12.35 and a beta of 0.96. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services Corp has a twelve month low of $35.76 and a twelve month high of $61.68. The stock's 50 day moving average price is $51.94 and its two-hundred day moving average price is $46.27.
Enterprise Financial Services Increases Dividend
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The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.28 per share. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Monday, December 16th. Enterprise Financial Services's dividend payout ratio is 23.73%.
Institutional Trading of Enterprise Financial Services
A number of large investors have recently added to or reduced their stakes in EFSC. nVerses Capital LLC bought a new stake in shares of Enterprise Financial Services in the 2nd quarter valued at about $29,000. Innealta Capital LLC bought a new stake in Enterprise Financial Services in the second quarter valued at approximately $31,000. Advisors Asset Management Inc. lifted its position in shares of Enterprise Financial Services by 169.7% in the third quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank's stock valued at $177,000 after buying an additional 2,172 shares during the last quarter. US Bancorp DE boosted its stake in shares of Enterprise Financial Services by 46.2% during the 3rd quarter. US Bancorp DE now owns 3,873 shares of the bank's stock worth $199,000 after acquiring an additional 1,223 shares during the period. Finally, EntryPoint Capital LLC increased its holdings in shares of Enterprise Financial Services by 87.4% during the 1st quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank's stock worth $159,000 after acquiring an additional 1,831 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.
Analysts Set New Price Targets
Separately, Piper Sandler raised their price objective on Enterprise Financial Services from $58.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd.
Get Our Latest Stock Report on EFSC
Enterprise Financial Services Company Profile
(
Get Free Report)
Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.
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