Enterprise Financial Services Corporation (NASDAQ:EFSC) CEO James Brian Lally Sells 1,655 Shares of Stock

Enterprise Financial Services Corporation (NASDAQ:EFSC) CEO James Brian Lally sold 1,655 shares of Enterprise Financial Services stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $55.04, for a total transaction of $91,091.20. Following the transaction, the chief executive officer now directly owns 102,713 shares in the company, valued at $5,653,323.52. This represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

James Brian Lally also recently made the following trade(s):

• On Thursday, May 15th, James Brian Lally sold 400 shares of Enterprise Financial Services stock. The shares were sold at an average price of $55.01, for a total transaction of $22,004.00.
• On Monday, May 12th, James Brian Lally sold 4,689 shares of Enterprise Financial Services stock. The stock was sold at an average price of $55.18, for a total transaction of $258,739.02.

Enterprise Financial Services Stock Performance

NASDAQ EFSC opened at $55.78 on Friday. The company has a market capitalization of $2.06 billion, a PE ratio of 10.94 and a beta of 0.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. Enterprise Financial Services Corporation has a 52-week low of $38.55 and a 52-week high of $63.13. The company has a 50-day simple moving average of $52.86 and a 200 day simple moving average of $55.04.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, April 28th. The bank reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.14. Enterprise Financial Services had a net margin of 20.92% and a return on equity of 11.14%. The company had revenue of $18.48 million for the quarter, compared to analysts’ expectations of $162.83 million. On average, research analysts predict that Enterprise Financial Services Corporation will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.30 dividend. The ex-dividend date is Monday, June 16th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 2.15%. Enterprise Financial Services’s payout ratio is presently 23.53%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EFSC. Principal Financial Group Inc. increased its holdings in Enterprise Financial Services by 7.0% in the 4th quarter. Principal Financial Group Inc. now owns 17,252 shares of the bank’s stock worth $973,000 after acquiring an additional 1,128 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Enterprise Financial Services by 48.4% in the fourth quarter. New York State Common Retirement Fund now owns 67,186 shares of the bank’s stock worth $3,789,000 after purchasing an additional 21,922 shares in the last quarter. PL Capital Advisors LLC increased its stake in shares of Enterprise Financial Services by 5,540.0% in the fourth quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank’s stock worth $2,238,852,000 after purchasing an additional 38,992,127 shares in the last quarter. Denali Advisors LLC raised its position in shares of Enterprise Financial Services by 102.7% in the fourth quarter. Denali Advisors LLC now owns 121,992 shares of the bank’s stock valued at $6,880,000 after purchasing an additional 61,806 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Enterprise Financial Services by 1.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 31,233 shares of the bank’s stock worth $1,762,000 after buying an additional 297 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on EFSC. DA Davidson decreased their price objective on shares of Enterprise Financial Services from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods decreased their price target on Enterprise Financial Services from $69.00 to $66.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Finally, Wall Street Zen lowered Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, June 7th.

About Enterprise Financial Services

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.