Short Interest in Enterprise Financial Services Corp (NASDAQ:EFSCP) Grows By 115.7%

Enterprise Financial Services Corp (NASDAQ:EFSCP) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 12,802 shares, an increase of 115.7% from the December 31st total of 5,935 shares. Based on an average daily trading volume, of 3,163 shares, the days-to-cover ratio is presently 4.0 days. Based on an average daily trading volume, of 3,163 shares, the days-to-cover ratio is presently 4.0 days.

Enterprise Financial Services Trading Up 0.9%

NASDAQ EFSCP opened at $20.52 on Friday. Enterprise Financial Services has a 12-month low of $17.20 and a 12-month high of $20.95. The company has a 50 day moving average price of $19.97 and a two-hundred day moving average price of $20.19.

Enterprise Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 15th. Shareholders of record on Friday, February 27th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.25 dividend on an annualized basis and a yield of 6.1%.

Institutional Trading of Enterprise Financial Services

An institutional investor recently raised its position in Enterprise Financial Services stock. Jag Capital Management LLC grew its stake in Enterprise Financial Services Corp (NASDAQ:EFSCP) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,750 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Jag Capital Management LLC’s holdings in Enterprise Financial Services were worth $304,000 at the end of the most recent reporting period.

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.