Aptus Capital Advisors LLC Has $9.41 Million Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Aptus Capital Advisors LLC increased its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 40.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 166,907 shares of the bank's stock after acquiring an additional 48,367 shares during the period. Aptus Capital Advisors LLC owned 0.45% of Enterprise Financial Services worth $9,414,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. PL Capital Advisors LLC lifted its stake in shares of Enterprise Financial Services by 5,540.0% in the fourth quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank's stock valued at $2,238,852,000 after buying an additional 38,992,127 shares during the period. Dimensional Fund Advisors LP lifted its position in Enterprise Financial Services by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,215,368 shares of the bank's stock worth $124,947,000 after purchasing an additional 54,987 shares during the period. Vanguard Group Inc. boosted its stake in Enterprise Financial Services by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 2,089,008 shares of the bank's stock worth $117,820,000 after buying an additional 13,724 shares in the last quarter. American Century Companies Inc. increased its holdings in Enterprise Financial Services by 12.9% in the 4th quarter. American Century Companies Inc. now owns 847,939 shares of the bank's stock valued at $47,824,000 after buying an additional 96,822 shares during the period. Finally, William Blair Investment Management LLC raised its stake in shares of Enterprise Financial Services by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 694,316 shares of the bank's stock valued at $39,159,000 after buying an additional 16,922 shares in the last quarter. 72.21% of the stock is owned by institutional investors.

Enterprise Financial Services Trading Up 1.1 %

Shares of EFSC stock opened at $52.95 on Friday. The company has a market capitalization of $1.96 billion, a P/E ratio of 10.94 and a beta of 0.84. Enterprise Financial Services Corp has a 12-month low of $37.28 and a 12-month high of $63.13. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $52.81 and a 200 day moving average price of $56.07.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. The firm had revenue of $18.48 million during the quarter, compared to the consensus estimate of $162.83 million. Research analysts forecast that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Monday, June 16th. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.29. Enterprise Financial Services's payout ratio is 23.53%.

Insiders Place Their Bets

In other news, Director James M. Havel sold 5,525 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $58.47, for a total transaction of $323,046.75. Following the transaction, the director now owns 15,447 shares of the company's stock, valued at $903,186.09. This represents a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EFSC shares. DA Davidson lowered their target price on shares of Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods dropped their target price on Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a report on Wednesday.

Enterprise Financial Services Profile

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.

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