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James M. Havel, a director at Enterprise Financial Services Corp (NASDAQ:EFSC), recently sold 5,525 shares of the company’s common stock. The transaction, which took place on February 28, 2025, was executed at a price of $58.47 per share, amounting to a total sale value of approximately $323,046. The sale occurred with the stock trading near $59, below InvestingPro’s Fair Value estimate, suggesting potential upside remains. The $2.2 billion financial services company has demonstrated strong fundamentals, with analysts setting price targets between $67-$70.Following this transaction, Havel retains ownership of 15,447 shares in the company. According to InvestingPro data, EFSC has maintained dividend payments for 21 consecutive years and achieved a remarkable 52% return over the past year. For deeper insights into insider trading patterns and 8 additional ProTips, consider exploring the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Enterprise Financial Services Corp. reported robust financial results for the fourth quarter of 2024, exceeding analysts’ expectations. The company achieved an earnings per share (EPS) of $1.32, surpassing the forecasted $1.19, while revenue reached $167 million, outperforming the anticipated $160.61 million. Enterprise Financial Services also disclosed presentation materials to be used in meetings with investors and analysts, ensuring transparency and open communication with the investment community. Additionally, four board directors of Enterprise Financial have announced they will not seek re-election at the upcoming Annual Meeting, marking a significant transition in the company’s leadership. The company has yet to announce their successors.
In terms of strategic initiatives, the company highlighted strong deposit growth and loan originations, with a positive outlook for 2025, expecting mid-to-high single-digit loan growth. Enterprise Financial maintains a net interest margin above 4%, supported by a diversified business model that has driven an expansion in net interest income. The company’s recent earnings call emphasized its focus on diversification and growth across various markets, with CEO Jim Lally highlighting the ability to capitalize on market disruptions. The company also increased its quarterly dividend to $0.29 per share, reflecting confidence in its financial health and future prospects.
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