Enterprise Financial Services (NASDAQ:EFSCP) Trading Down 1.8% – Time to Sell?

Enterprise Financial Services Corp (NASDAQ:EFSCP)’s share price fell 1.8% during mid-day trading on Thursday . The stock traded as low as $20.25 and last traded at $20.14. 3,439 shares changed hands during mid-day trading, an increase of 42% from the average session volume of 2,417 shares. The stock had previously closed at $20.50.

Enterprise Financial Services Price Performance

The firm has a 50 day moving average of $20.51 and a 200-day moving average of $19.62.

Enterprise Financial Services (NASDAQ:EFSCP) last announced its quarterly earnings data on Monday, January 31st. The company reported $0.73 earnings per share (EPS) for the quarter. The business had revenue of $95.10 million during the quarter.

Enterprise Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Friday, August 29th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Enterprise Financial Services stock. Jag Capital Management LLC grew its position in Enterprise Financial Services Corp (NASDAQ:EFSCP) by 12.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,850 shares of the company’s stock after purchasing an additional 1,400 shares during the period. Jag Capital Management LLC’s holdings in Enterprise Financial Services were worth $241,000 at the end of the most recent quarter.

Enterprise Financial Services Company Profile

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.