Alps Advisors Inc. Invests $341,000 in Enterprise Financial Services Corporation (NASDAQ:EFSC)

Alps Advisors Inc. bought a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,340 shares of the bank's stock, valued at approximately $341,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in Enterprise Financial Services during the first quarter worth about $28,000. Versant Capital Management Inc increased its holdings in shares of Enterprise Financial Services by 51.7% during the first quarter. Versant Capital Management Inc now owns 775 shares of the bank's stock worth $42,000 after buying an additional 264 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Enterprise Financial Services during the first quarter worth approximately $50,000. KBC Group NV acquired a new stake in shares of Enterprise Financial Services during the first quarter worth approximately $117,000. Finally, Crestline Management LP acquired a new stake in shares of Enterprise Financial Services during the fourth quarter worth approximately $203,000. Institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Price Performance

Shares of Enterprise Financial Services stock traded down $0.09 during midday trading on Friday, reaching $58.63. The company had a trading volume of 183,107 shares, compared to its average volume of 187,452. The stock has a fifty day simple moving average of $54.62 and a 200 day simple moving average of $54.99. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. Enterprise Financial Services Corporation has a 1-year low of $45.22 and a 1-year high of $63.13. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 11.50 and a beta of 0.86.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its earnings results on Monday, April 28th. The bank reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.14. Enterprise Financial Services had a net margin of 20.92% and a return on equity of 11.14%. The firm had revenue of $18.48 million during the quarter, compared to analyst estimates of $162.83 million. As a group, equities research analysts forecast that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.05%. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, June 16th. Enterprise Financial Services's dividend payout ratio (DPR) is currently 23.53%.

Insiders Place Their Bets

In related news, Director Michael E. Finn acquired 1,500 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were acquired at an average cost of $52.50 per share, with a total value of $78,750.00. Following the transaction, the director owned 1,500 shares of the company's stock, valued at $78,750. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Brian Lally sold 4,689 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $55.18, for a total transaction of $258,739.02. Following the completion of the sale, the chief executive officer directly owned 106,974 shares in the company, valued at $5,902,825.32. This represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,572 shares of company stock worth $472,667. Insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

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

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.