Enterprise Financial Services (NASDAQ:EFSCP) Stock Price Up 1% – Time to Buy?

Enterprise Financial Services Corp (NASDAQ:EFSCP) rose 1% during mid-day trading on Monday . The company traded as high as $20.27 and last traded at $19.50. Approximately 1,985 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 2,203 shares. The stock had previously closed at $19.30.

Enterprise Financial Services Price Performance

The business has a 50-day simple moving average of $20.17 and a 200-day simple moving average of $20.09.

Enterprise Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, March 15th. Shareholders of record on Friday, February 27th were given a $0.3125 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.25 dividend on an annualized basis and a yield of 6.4%.

Hedge Funds Weigh In On Enterprise Financial Services

An institutional investor recently raised its position in Enterprise Financial Services stock. Jag Capital Management LLC grew its holdings in Enterprise Financial Services Corp (NASDAQ:EFSCP) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,750 shares of the company’s stock after acquiring an additional 500 shares during the period. Jag Capital Management LLC’s holdings in Enterprise Financial Services were worth $304,000 as of its most recent filing with the Securities & Exchange Commission.

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.