Short Interest in Enterprise Financial Services Corp (NASDAQ:EFSCP) Expands By 61.0%

Enterprise Financial Services Corp (NASDAQ:EFSCP) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 15,718 shares, a growth of 61.0% from the November 30th total of 9,763 shares. Based on an average daily volume of 2,993 shares, the days-to-cover ratio is currently 5.3 days. Based on an average daily volume of 2,993 shares, the days-to-cover ratio is currently 5.3 days.

Enterprise Financial Services Trading Up 0.3%

NASDAQ:EFSCP traded up $0.06 during trading hours on Friday, reaching $19.93. The company had a trading volume of 1,259 shares, compared to its average volume of 2,475. Enterprise Financial Services has a 52 week low of $17.20 and a 52 week high of $20.95. The firm’s 50 day moving average price is $19.80 and its 200-day moving average price is $20.11.

Enterprise Financial Services (NASDAQ:EFSCP) last released its quarterly earnings results on Monday, January 31st. The company reported $0.73 earnings per share (EPS) for the quarter. The firm had revenue of $95.10 million for the quarter.

Enterprise Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were given a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 6.3%. The ex-dividend date was Friday, November 28th.

Hedge Funds Weigh In On Enterprise Financial Services

A hedge fund recently raised its stake in Enterprise Financial Services stock. Jag Capital Management LLC lifted its holdings in Enterprise Financial Services Corp (NASDAQ:EFSCP) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,750 shares of the company’s stock after buying 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 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.