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

Acropolis Investment Management LLC lifted its holdings in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) by 71.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,040 shares of the bank's stock after acquiring 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 filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in shares of Enterprise Financial Services during the first quarter valued at approximately $28,000. Versant Capital Management Inc grew its holdings in Enterprise Financial Services by 51.7% during the 1st quarter. Versant Capital Management Inc now owns 775 shares of the bank's stock valued at $42,000 after purchasing an additional 264 shares in the last quarter. USA Financial Formulas purchased a new stake in Enterprise Financial Services during the 1st quarter worth $50,000. New York State Teachers Retirement System purchased a new stake in Enterprise Financial Services during the 4th quarter worth $191,000. Finally, Crestline Management LP acquired a new position in Enterprise Financial Services in the 4th quarter worth $203,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EFSC. DA Davidson dropped their target price on Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen downgraded Enterprise Financial Services from a "hold" rating to a "sell" rating in a report on Saturday, June 7th. Finally, Keefe, Bruyette & Woods reduced their target price on Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th.

Insider Transactions at Enterprise Financial Services

In other news, Director Michael E. Finn purchased 1,500 shares of the business's stock in a transaction dated Friday, June 6th. The shares were acquired at an average price of $52.50 per share, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James Brian Lally sold 4,689 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 106,974 shares of the company's stock, valued at $5,902,825.32. The trade was a 4.20% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

Enterprise Financial Services Stock Up 1.5%

NASDAQ EFSC traded up $0.79 on Thursday, hitting $52.75. 197,543 shares of the stock traded hands, compared to its average volume of 184,679. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average of $52.05 and a 200 day moving average of $55.27. Enterprise Financial Services Corporation has a twelve month low of $37.90 and a twelve month high of $63.13. The company has a market capitalization of $1.95 billion, a P/E ratio of 10.34 and a beta of 0.86.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.14. The firm had revenue of $18.48 million for the quarter, compared to analysts' expectations of $162.83 million. Enterprise Financial Services had a return on equity of 11.14% and a net margin of 20.92%. As a group, analysts expect that Enterprise Financial Services Corporation 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. Stockholders of record on Monday, June 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, June 16th. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 2.27%. Enterprise Financial Services's dividend payout ratio is 23.53%.

About Enterprise Financial Services

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.