Enterprise Financial Services (NASDAQ:EFSCP) Trading Up 5.6% – Time to Buy?

Enterprise Financial Services Corp (NASDAQ:EFSCPGet Free Report) was up 5.6% during mid-day trading on Wednesday . The company traded as high as $19.20 and last traded at $19.68. Approximately 505 shares were traded during trading, a decline of 79% from the average daily volume of 2,423 shares. The stock had previously closed at $18.63.

Enterprise Financial Services Stock Up 5.6%

The business’s 50 day moving average price is $20.14 and its 200 day moving average price is $20.07.

Enterprise Financial Services (NASDAQ:EFSCPGet Free Report) last issued its earnings results on Monday, January 31st. The company reported $0.73 earnings per share (EPS) for the quarter. The company had revenue of $95.10 million during the quarter.

Enterprise Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Friday, November 28th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Enterprise Financial Services stock. Jag Capital Management LLC raised its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSCPFree Report) by 10.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,250 shares of the company’s stock after purchasing an additional 1,400 shares during the quarter. Jag Capital Management LLC’s holdings in Enterprise Financial Services were worth $281,000 as of its most recent SEC filing.

About Enterprise Financial Services

(Get Free Report)

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.

Further Reading

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