Short Interest in Enterprise Financial Services Corp (NASDAQ:EFSCP) Declines By 62.2%

Enterprise Financial Services Corp (NASDAQ:EFSCP) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 5,935 shares, a decrease of 62.2% from the December 15th total of 15,718 shares. Based on an average daily trading volume, of 3,206 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily trading volume, of 3,206 shares, the days-to-cover ratio is currently 1.9 days.

Enterprise Financial Services Stock Performance

EFSCP stock traded down $0.18 during mid-day trading on Thursday, hitting $20.43. The company had a trading volume of 1,092 shares, compared to its average volume of 3,949. Enterprise Financial Services has a 12 month low of $17.20 and a 12 month high of $20.95. The stock’s fifty day moving average price is $19.80 and its two-hundred day moving average price is $20.17.

Enterprise Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a $0.3125 dividend. The ex-dividend date was Friday, November 28th. This represents a $1.25 annualized dividend 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 position in shares of Enterprise Financial Services Corp (NASDAQ:EFSCP) by 10.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,250 shares of the company’s stock after buying an additional 1,400 shares during the period. Jag Capital Management LLC’s holdings in Enterprise Financial Services were worth $281,000 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.