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Enterprise Financial Services Corp (NASDAQ:EFSC – Get Free Report) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 493,200 shares, a decrease of 11.0% from the November 30th total of 554,100 shares. Based on an average trading volume of 130,400 shares, the short-interest ratio is currently 3.8 days. Currently, 1.4% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Piper Sandler cut their price target on shares of Enterprise Financial Services from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, October 25th.

View Our Latest Stock Report on EFSC

Insider Buying and Selling

In other Enterprise Financial Services news, Director Richard Sanborn sold 2,100 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $45.00, for a total value of $94,500.00. Following the completion of the transaction, the director now owns 232,715 shares of the company’s stock, valued at approximately $10,472,175. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Enterprise Financial Services

Institutional investors have recently added to or reduced their stakes in the company. Comerica Bank purchased a new stake in Enterprise Financial Services during the 3rd quarter valued at $27,000. Public Employees Retirement System of Ohio raised its holdings in Enterprise Financial Services by 48.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 723 shares of the bank’s stock worth $32,000 after purchasing an additional 237 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Enterprise Financial Services by 91.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,204 shares of the bank’s stock worth $45,000 after purchasing an additional 576 shares in the last quarter. Lazard Asset Management LLC bought a new position in Enterprise Financial Services in the 4th quarter worth $45,000. Finally, Dark Forest Capital Management LP raised its holdings in Enterprise Financial Services by 92.8% in the 1st quarter. Dark Forest Capital Management LP now owns 1,049 shares of the bank’s stock worth $47,000 after purchasing an additional 505 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Enterprise Financial Services Trading Down 2.6 %

Shares of Enterprise Financial Services stock traded down $1.19 during trading on Wednesday, reaching $43.92. The company’s stock had a trading volume of 146,056 shares, compared to its average volume of 129,728. Enterprise Financial Services has a 52-week low of $32.97 and a 52-week high of $56.35. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 7.99 and a beta of 1.05. The firm’s 50-day moving average is $40.36 and its two-hundred day moving average is $39.66. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.22.

Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.07). Enterprise Financial Services had a net margin of 27.05% and a return on equity of 13.84%. The business had revenue of $212.99 million during the quarter, compared to analysts’ expectations of $153.59 million. During the same period last year, the company posted $1.31 EPS. On average, sell-side analysts anticipate that Enterprise Financial Services will post 5.1 earnings per share for the current year.

Enterprise Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.28%. Enterprise Financial Services’s dividend payout ratio (DPR) is 18.18%.

About Enterprise Financial Services (Get Free Report)

Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. It offers checking, savings, and money market accounts, and certificates of deposit. The company also provides commercial and industrial, commercial real estate, construction and land development, residential real estate, agricultural, and consumer loans.

See Also

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Read more: Enterprise Financial Services Corp (NASDAQ:EFSC) Short Interest Down 11.0% in December