Enterprise Financial Services Corp (NASDAQ:EFSC) was the target of some unusual options trading on Wednesday. Investors acquired 2,216 call options on the stock. This is an increase of 3,309% compared to the typical volume of 65 call options.
In other news, Director John S. Eulich acquired 5,000 shares of Enterprise Financial Services stock in a transaction on Monday, August 3rd. The stock was acquired at an average cost of $29.23 per share, with a total value of $146,150.00. Following the completion of the acquisition, the director now owns 8,600 shares in the company, valued at $251,378. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 9.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Enterprise Financial Services by 0.9% in the 1st quarter. BlackRock Inc. now owns 1,847,259 shares of the bank’s stock worth $51,555,000 after acquiring an additional 15,706 shares during the last quarter. Vanguard Group Inc. raised its holdings in Enterprise Financial Services by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,243,835 shares of the bank’s stock worth $38,709,000 after acquiring an additional 3,653 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Enterprise Financial Services by 145.5% in the 1st quarter. Janus Henderson Group PLC now owns 715,525 shares of the bank’s stock worth $19,970,000 after acquiring an additional 424,037 shares during the last quarter. Investment Counselors of Maryland LLC raised its stake in Enterprise Financial Services by 0.3% during the 1st quarter. Investment Counselors of Maryland LLC now owns 514,781 shares of the bank’s stock valued at $14,368,000 after buying an additional 1,576 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in Enterprise Financial Services by 95.1% during the 2nd quarter. Jennison Associates LLC now owns 427,338 shares of the bank’s stock valued at $13,299,000 after buying an additional 208,262 shares during the last quarter. Institutional investors own 73.43% of the company’s stock.
Enterprise Financial Services stock opened at $26.01 on Friday. The firm has a market capitalization of $681.62 million, a P/E ratio of 8.10 and a beta of 1.26. Enterprise Financial Services has a one year low of $21.70 and a one year high of $48.81. The business has a fifty day moving average price of $30.27 and a 200-day moving average price of $29.43. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95.
Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, July 20th. The bank reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.03. Enterprise Financial Services had a return on equity of 10.03% and a net margin of 23.83%. The business had revenue of $83.15 million for the quarter, compared to the consensus estimate of $74.70 million. Sell-side analysts expect that Enterprise Financial Services will post 2.94 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, September 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.77%. Enterprise Financial Services’s dividend payout ratio is presently 17.65%.
EFSC has been the subject of several research reports. BidaskClub lowered Enterprise Financial Services from a “sell” rating to a “strong sell” rating in a report on Friday, August 21st. Raymond James cut their price target on Enterprise Financial Services from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, August 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.
About Enterprise Financial Services
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. The company offers demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.
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