Insider Selling: Enterprise Financial Services Corp (NASDAQ:EFSC) Director Sells $5,956,000.00 in Stock

Enterprise Financial Services Corp (NASDAQ:EFSC) Director Richard Sanborn sold 100,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $59.56, for a total value of $5,956,000.00. Following the sale, the director now directly owns 40,950 shares in the company, valued at $2,438,982. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Enterprise Financial Services Stock Up 0.7 %

Enterprise Financial Services stock opened at $58.28 on Monday. Enterprise Financial Services Corp has a twelve month low of $35.76 and a twelve month high of $61.68. The stock’s fifty day simple moving average is $51.94 and its 200-day simple moving average is $46.37. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.16 billion, a P/E ratio of 12.35 and a beta of 0.96.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.92%. The ex-dividend date is Monday, December 16th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.27. Enterprise Financial Services’s dividend payout ratio is 22.88%.

Analyst Ratings Changes

Separately, Piper Sandler upped their price objective on Enterprise Financial Services from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd.

Hedge Funds Weigh In On Enterprise Financial Services

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Enterprise Financial Services by 1.3% in the first quarter. Vanguard Group Inc. now owns 2,020,424 shares of the bank’s stock valued at $81,948,000 after buying an additional 25,576 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Enterprise Financial Services by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,084,093 shares of the bank’s stock valued at $85,257,000 after buying an additional 71,502 shares during the last quarter. American Century Companies Inc. increased its holdings in Enterprise Financial Services by 19.1% in the second quarter. American Century Companies Inc. now owns 655,490 shares of the bank’s stock valued at $26,816,000 after buying an additional 104,960 shares during the last quarter. Earnest Partners LLC increased its holdings in Enterprise Financial Services by 3.2% in the second quarter. Earnest Partners LLC now owns 1,955,988 shares of the bank’s stock valued at $80,019,000 after buying an additional 59,809 shares during the last quarter. Finally, Boston Partners purchased a new position in Enterprise Financial Services in the first quarter valued at $873,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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.