Enterprise Financial Services Corporation (NASDAQ:EFSC) Director Michael Holmes acquired 2,556 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $38.74 per share, for a total transaction of $99,019.44. Following the acquisition, the director now owns 2,716 shares in the company, valued at $105,217.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Enterprise Financial Services Corporation (NASDAQ EFSC) traded up 0.197% during mid-day trading on Thursday, hitting $38.175. 102,911 shares of the company were exchanged. The company has a market capitalization of $895.66 million, a price-to-earnings ratio of 16.612 and a beta of 0.85. The firm has a 50 day moving average of $40.08 and a 200 day moving average of $41.71. Enterprise Financial Services Corporation has a 12-month low of $29.65 and a 12-month high of $46.25.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last announced its earnings results on Monday, July 24th. The bank reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.06. Enterprise Financial Services Corporation had a net margin of 24.54% and a return on equity of 11.18%. The company had revenue of $53.57 million during the quarter, compared to the consensus estimate of $51.91 million. Equities research analysts forecast that Enterprise Financial Services Corporation will post $2.52 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, September 14th. Enterprise Financial Services Corporation’s payout ratio is presently 18.97%.

COPYRIGHT VIOLATION WARNING: “Michael Holmes Purchases 2,556 Shares of Enterprise Financial Services Corporation (EFSC) Stock” was reported by American Banking News and is the property of of American Banking News. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/08/17/michael-holmes-purchases-2556-shares-of-enterprise-financial-services-corporation-efsc-stock.html.

A number of institutional investors have recently modified their holdings of the stock. US Bancorp DE acquired a new position in shares of Enterprise Financial Services Corporation during the first quarter valued at about $171,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Enterprise Financial Services Corporation during the first quarter valued at about $201,000. Legal & General Group Plc raised its position in shares of Enterprise Financial Services Corporation by 4.5% in the first quarter. Legal & General Group Plc now owns 5,090 shares of the bank’s stock valued at $215,000 after buying an additional 219 shares during the period. Citigroup Inc. raised its position in shares of Enterprise Financial Services Corporation by 272.4% in the second quarter. Citigroup Inc. now owns 5,556 shares of the bank’s stock valued at $227,000 after buying an additional 4,064 shares during the period. Finally, Brookstone Capital Management acquired a new position in shares of Enterprise Financial Services Corporation during the second quarter valued at about $228,000. 69.15% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on EFSC. BidaskClub upgraded shares of Enterprise Financial Services Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research downgraded shares of Enterprise Financial Services Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $45.00 target price on shares of Enterprise Financial Services Corporation in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies restated a “buy” rating and set a $50.00 target price on shares of Enterprise Financial Services Corporation in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Enterprise Financial Services Corporation currently has a consensus rating of “Hold” and an average target price of $43.00.

Enterprise Financial Services Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Enterprise Financial Services Corporation (NASDAQ:EFSC)

Receive News & Ratings for Enterprise Financial Services Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Financial Services Corporation and related companies with MarketBeat.com's FREE daily email newsletter.