Short Interest in Enterprise Financial Services Corp (NASDAQ:EFSCP) Grows By 51.8%

Enterprise Financial Services Corp (NASDAQ:EFSCP) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 23,843 shares, an increase of 51.8% from the February 12th total of 15,703 shares. Based on an average daily volume of 1,476 shares, the short-interest ratio is presently 16.2 days. Based on an average daily volume of 1,476 shares, the short-interest ratio is presently 16.2 days.

Institutional Investors Weigh In On Enterprise Financial Services

A hedge fund recently raised its stake in Enterprise Financial Services stock. Jag Capital Management LLC lifted its position in Enterprise Financial Services Corp (NASDAQ:EFSCP) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,750 shares of the company’s stock after acquiring 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.

Enterprise Financial Services Stock Down 0.7%

EFSCP opened at $20.17 on Monday. The stock’s 50 day moving average price is $20.47 and its 200-day moving average price is $20.20. Enterprise Financial Services has a one year low of $17.20 and a one year high of $20.95.

Enterprise Financial Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, March 15th. Investors of record on Friday, February 27th were paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Friday, February 27th.

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.