Acropolis Investment Management LLC Increases Stock Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Acropolis Investment Management LLC raised its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 71.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,040 shares of the bank's stock after buying an additional 5,000 shares during the quarter. Acropolis Investment Management LLC's holdings in Enterprise Financial Services were worth $647,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EFSC. New York State Teachers Retirement System purchased a new stake in shares of Enterprise Financial Services in the 4th quarter worth about $191,000. Principal Financial Group Inc. boosted its stake in Enterprise Financial Services by 7.0% during the fourth quarter. Principal Financial Group Inc. now owns 17,252 shares of the bank's stock worth $973,000 after acquiring an additional 1,128 shares in the last quarter. Peregrine Capital Management LLC increased its stake in shares of Enterprise Financial Services by 9.9% during the fourth quarter. Peregrine Capital Management LLC now owns 106,030 shares of the bank's stock valued at $5,980,000 after purchasing an additional 9,565 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of Enterprise Financial Services by 48.4% during the fourth quarter. New York State Common Retirement Fund now owns 67,186 shares of the bank's stock valued at $3,789,000 after purchasing an additional 21,922 shares in the last quarter. Finally, PL Capital Advisors LLC lifted its holdings in shares of Enterprise Financial Services by 5,540.0% during 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 purchasing an additional 38,992,127 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EFSC. DA Davidson cut their price target on Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods dropped their target price on Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Wall Street Zen cut Enterprise Financial Services from a "hold" rating to a "sell" rating in a research note on Saturday, June 7th.

Insider Activity at Enterprise Financial Services

In other Enterprise Financial Services news, CEO James Brian Lally sold 4,689 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $55.18, for a total transaction of $258,739.02. Following the transaction, the chief executive officer now owns 106,974 shares in the company, valued at approximately $5,902,825.32. This represents a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael E. Finn acquired 1,500 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were bought at an average cost of $52.50 per share, with a total value of $78,750.00. Following the completion of the acquisition, the director now directly owns 1,500 shares of the company's stock, valued at $78,750. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by insiders.

Enterprise Financial Services Stock Down 0.4%

Shares of NASDAQ EFSC traded down $0.20 during midday trading on Tuesday, hitting $51.70. The stock had a trading volume of 31,286 shares, compared to its average volume of 183,519. The business's 50 day moving average is $51.94 and its 200-day moving average is $55.32. Enterprise Financial Services Corp has a 52 week low of $37.31 and a 52 week 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 company has a market cap of $1.91 billion, a P/E ratio of 10.68 and a beta of 0.86.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released 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 business had revenue of $18.48 million for the quarter, compared to analysts' expectations of $162.83 million. As a group, analysts predict that Enterprise Financial Services Corp will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm 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 dividend of $0.30 per share. The ex-dividend date is Monday, June 16th. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 2.32%. Enterprise Financial Services's dividend payout ratio (DPR) is 23.53%.

Enterprise Financial Services Company 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.