Insider Selling: Enterprise Financial Services Corporation (EFSC) President Sells $169,645.00 in Stock
Enterprise Financial Services Corporation (NASDAQ:EFSC) President Scott Richard Goodman sold 3,700 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $45.85, for a total transaction of $169,645.00. Following the sale, the president now owns 38,269 shares in the company, valued at approximately $1,754,633.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Enterprise Financial Services Corporation (EFSC) traded down $0.20 during trading hours on Thursday, reaching $44.30. 93,500 shares of the company were exchanged, compared to its average volume of 113,974. The company has a market capitalization of $1,026.39, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.96 and a beta of 0.88. Enterprise Financial Services Corporation has a 1 year low of $36.65 and a 1 year high of $46.25. 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 (NASDAQ:EFSC) last issued its earnings results on Monday, October 23rd. The bank reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.01. The firm had revenue of $54.00 million during the quarter, compared to analysts’ expectations of $54.11 million. Enterprise Financial Services had a net margin of 24.73% and a return on equity of 11.15%. research analysts predict that Enterprise Financial Services Corporation will post 2.52 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Thursday, December 14th. Enterprise Financial Services’s payout ratio is 18.18%.
A number of large investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can boosted its stake in Enterprise Financial Services by 281.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 3,431 shares of the bank’s stock worth $145,000 after purchasing an additional 2,531 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Enterprise Financial Services by 89.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,385 shares of the bank’s stock worth $186,000 after purchasing an additional 2,075 shares during the period. Moloney Securities Asset Management LLC acquired a new position in Enterprise Financial Services in the 3rd quarter worth approximately $203,000. Legal & General Group Plc boosted its stake in Enterprise Financial Services by 4.5% in the 1st quarter. Legal & General Group Plc now owns 5,090 shares of the bank’s stock worth $215,000 after purchasing an additional 219 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Enterprise Financial Services in the 3rd quarter worth approximately $229,000. Hedge funds and other institutional investors own 74.46% of the company’s stock.
Several brokerages have commented on EFSC. Zacks Investment Research upgraded shares of Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Thursday, October 26th. ValuEngine lowered shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Piper Jaffray Companies reiterated an “overweight” rating and set a $49.00 price objective on shares of Enterprise Financial Services in a research note on Friday, October 6th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $46.00 price objective on shares of Enterprise Financial Services in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock 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.
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