Enterprise Financial Services (NASDAQ:EFSCP) Stock Price Up 0.7% – Still a Buy?

Shares of Enterprise Financial Services Corp (NASDAQ:EFSCP) were up 0.7% on Friday . The company traded as high as $20.74 and last traded at $20.70. Approximately 3,006 shares changed hands during trading, an increase of 9% from the average daily volume of 2,754 shares. The stock had previously closed at $20.56.

Enterprise Financial Services Price Performance

The firm’s fifty day moving average price is $20.28 and its 200-day moving average price is $20.22.

Enterprise Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 15th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.25 annualized dividend and a dividend yield of 6.0%.

Institutional Trading of Enterprise Financial Services

A hedge fund recently raised its stake in Enterprise Financial Services stock. Jag Capital Management LLC increased its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSCP) by 3.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,750 shares of the company’s stock after buying an additional 500 shares during the quarter. Jag Capital Management LLC’s holdings in Enterprise Financial Services were worth $304,000 as of its most recent SEC filing.

About Enterprise Financial Services

Enterprise Financial Services Corp (NASDAQ:EFSCP) is a bank holding company headquartered in Clayton, Missouri. Through its wholly owned subsidiary, Enterprise Bank & Trust, the company offers a range of financial services to small and midsize businesses, as well as high-net-worth individuals. Its core products include commercial and industrial lending, real estate financing, treasury and cash management, and trust and wealth management services.

Since its inception, the company has expanded its footprint across multiple states including Missouri, Illinois, Kansas, Oklahoma, Texas, Arizona, California, Arkansas, Tennessee, and Florida.