Acropolis Investment Management LLC Buys 5,000 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Acropolis Investment Management LLC boosted its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 71.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. 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 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Opal Wealth Advisors LLC purchased a new stake in Enterprise Financial Services during the first quarter valued at about $28,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Enterprise Financial Services by 4.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,640 shares of the bank's stock valued at $411,000 after purchasing an additional 302 shares during the last quarter. USA Financial Formulas purchased a new stake in Enterprise Financial Services during the first quarter valued at about $50,000. Vest Financial LLC purchased a new stake in Enterprise Financial Services during the first quarter valued at about $3,423,000. Finally, Rhumbline Advisers lifted its holdings in Enterprise Financial Services by 5.0% during the first quarter. Rhumbline Advisers now owns 61,908 shares of the bank's stock valued at $3,327,000 after purchasing an additional 2,924 shares during the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen downgraded shares of Enterprise Financial Services from a "hold" rating to a "sell" rating in a report on Saturday, June 7th. Finally, DA Davidson lowered their price target on shares of Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th.

Insider Activity at Enterprise Financial Services

In related news, CEO James Brian Lally sold 4,689 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $55.18, for a total value of $258,739.02. Following the sale, the chief executive officer now directly owns 106,974 shares of the company's stock, valued at $5,902,825.32. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael E. Finn bought 1,500 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was bought at an average cost of $52.50 per share, for a total transaction of $78,750.00. Following the completion of the purchase, the director now directly owns 1,500 shares of the company's stock, valued at $78,750. This represents 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 Trading Down 2.2%

Shares of Enterprise Financial Services stock opened at $52.30 on Monday. Enterprise Financial Services Corp has a 12-month low of $37.31 and a 12-month high of $63.13. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 10.81 and a beta of 0.86. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. The company's 50-day moving average price is $51.86 and its 200-day moving average price is $55.38.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. The firm had revenue of $18.48 million for the quarter, compared to the consensus estimate of $162.83 million. On average, equities analysts expect 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.30 dividend. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Monday, June 16th. Enterprise Financial Services's dividend payout ratio (DPR) is currently 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.

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