Insider Selling: Enterprise Financial Services Corp (NASDAQ:EFSC) President Sells 3,700 Shares of Stock

Enterprise Financial Services Corp (NASDAQ:EFSC) President Scott Richard Goodman sold 3,700 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $45.85, for a total value of $169,645.00. Following the completion of the sale, the president now directly owns 38,269 shares of the company’s stock, valued at approximately $1,754,633.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Enterprise Financial Services Corp (NASDAQ EFSC) opened at $43.35 on Friday. The firm has a market capitalization of $1,011.39, a PE ratio of 17.47, a PEG ratio of 1.94 and a beta of 0.88. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.05. Enterprise Financial Services Corp has a 1-year low of $36.65 and a 1-year high of $46.25.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, October 23rd. The bank reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.01. The business had revenue of $54.00 million during the quarter, compared to the consensus estimate of $54.11 million. Enterprise Financial Services had a net margin of 24.73% and a return on equity of 11.15%. sell-side analysts expect that Enterprise Financial Services Corp will post 2.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.44 annualized dividend and a yield of 1.01%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 18.18%.

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in shares of Enterprise Financial Services by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 925,174 shares of the bank’s stock valued at $37,747,000 after buying an additional 34,830 shares in the last quarter. ClariVest Asset Management LLC raised its position in shares of Enterprise Financial Services by 21.4% in the second quarter. ClariVest Asset Management LLC now owns 240,793 shares of the bank’s stock valued at $9,824,000 after buying an additional 42,400 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Enterprise Financial Services by 8.7% in the second quarter. Russell Investments Group Ltd. now owns 54,211 shares of the bank’s stock valued at $2,212,000 after buying an additional 4,321 shares in the last quarter. Kennedy Capital Management Inc. raised its position in shares of Enterprise Financial Services by 36.5% in the second quarter. Kennedy Capital Management Inc. now owns 426,541 shares of the bank’s stock valued at $17,403,000 after buying an additional 114,118 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Enterprise Financial Services by 1.8% in the second quarter. Vanguard Group Inc. now owns 969,746 shares of the bank’s stock valued at $39,565,000 after buying an additional 17,470 shares in the last quarter. Hedge funds and other institutional investors own 74.46% of the company’s stock.

Several research firms have recently weighed in on EFSC. Zacks Investment Research upgraded Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Thursday, October 26th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $49.00 price objective on shares of Enterprise Financial Services in a report on Friday, October 6th. ValuEngine downgraded Enterprise Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $46.00 price objective on shares of Enterprise Financial Services in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Enterprise Financial Services presently has an average rating of “Hold” and an average target price of $48.33.

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About Enterprise Financial Services

Enterprise Financial Services Corp is a financial holding company for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets.

Insider Buying and Selling by Quarter for Enterprise Financial Services (NASDAQ:EFSC)

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