Enterprise Financial Services (NASDAQ:EFSCP) Trading 0.7% Higher – Here’s What Happened

Shares of Enterprise Financial Services Corp (NASDAQ:EFSCP) rose 0.7% on Friday . The company traded as high as $20.74 and last traded at $20.70. Approximately 3,006 shares were traded during mid-day 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 company’s 50-day simple moving average is $20.28 and its 200 day simple moving average is $20.22.

Enterprise Financial Services Announces Dividend

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

Institutional Investors Weigh In On 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% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,750 shares of the company’s stock after purchasing an additional 500 shares during the period. Jag Capital Management LLC’s holdings in Enterprise Financial Services were worth $304,000 at the end of the most recent quarter.

Enterprise Financial Services Company Profile

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.