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Michael E. Finn, a director at Enterprise Financial Services Corp (NASDAQ:EFSC), a $1.98 billion financial services company with a "Good" InvestingPro Financial Health score, recently acquired shares in the company, according to a filing with the Securities and Exchange Commission. On June 6, Finn purchased a total of 1,500 shares of common stock at prices ranging from $52.25 to $52.50 per share. The total value of these transactions amounted to $78,748. These shares are held jointly with his spouse. Following these transactions, Finn directly owns 1,361 shares of Enterprise Financial, which trades at a P/E of 10.59 and offers a 2.27% dividend yield, having maintained dividend payments for 21 consecutive years. According to InvestingPro, analysts have set price targets indicating potential upside, with additional insights available in the comprehensive Pro Research Report.
In other recent news, Enterprise Financial Services reported strong financial results for the first quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $1.31, exceeding the forecasted $1.18, and reported revenues of $168.35 million, which was above the anticipated $155.87 million. Additionally, Enterprise Financial Services announced the acquisition of 12 branches from First Interstate (NASDAQ:FIBK) Bank, marking a strategic expansion. During the company’s annual meeting, shareholders approved the election of board members and ratified Deloitte & Touche LLP as the independent accounting firm for 2025. Shareholders also agreed to an amendment to increase shares available in the company’s Stock Incentive Plan. Analysts from firms such as D.A. Davidson and Piper Sandler discussed the company’s financial outlook and branch acquisition during the earnings call. The company reported a 3% loan growth, adding $78 million to its portfolio. Enterprise Financial Services continues to focus on growth and strategic initiatives, with expectations for mid-single-digit balance sheet growth and stable net interest margins.
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