Aptus Capital Advisors LLC Has $9.93 Million Stock Holdings in Enterprise Financial Services Corporation $EFSC

Key Points

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Aptus Capital Advisors LLC lifted its position in Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) by 10.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 184,823 shares of the bank's stock after acquiring an additional 17,916 shares during the period. Aptus Capital Advisors LLC owned about 0.50% of Enterprise Financial Services worth $9,932,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in Enterprise Financial Services during the first quarter valued at approximately $28,000. Summit Securities Group LLC purchased a new position in Enterprise Financial Services during the first quarter valued at approximately $32,000. Versant Capital Management Inc grew its position in Enterprise Financial Services by 51.7% during the first 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. PNC Financial Services Group Inc. grew its position in Enterprise Financial Services by 302.5% during the first quarter. PNC Financial Services Group Inc. now owns 793 shares of the bank's stock valued at $43,000 after purchasing an additional 596 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in Enterprise Financial Services in the first quarter worth approximately $50,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EFSC has been the subject of a number of analyst reports. DA Davidson reduced their price objective on shares of Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods cut their target price on shares of 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. Finally, Wall Street Zen upgraded shares of Enterprise Financial Services from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Enterprise Financial Services presently has a consensus rating of "Buy" and a consensus target price of $64.33.

Enterprise Financial Services Stock Performance

Enterprise Financial Services stock traded up $3.01 on Friday, hitting $60.51. The company's stock had a trading volume of 206,384 shares, compared to its average volume of 148,789. The firm has a market cap of $2.24 billion, a P/E ratio of 11.48 and a beta of 0.90. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average price of $56.11 and a 200-day moving average price of $54.86. Enterprise Financial Services Corporation has a one year low of $45.22 and a one year high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its earnings results on Monday, July 28th. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.17. Enterprise Financial Services had a net margin of 21.28% and a return on equity of 11.19%. The business had revenue of $176.05 million for the quarter, compared to analyst estimates of $166.82 million. On average, equities analysts anticipate that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a yield of 2.0%. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.30. Enterprise Financial Services's payout ratio is currently 22.77%.

Insider Transactions at Enterprise Financial Services

In other Enterprise Financial Services news, CEO James Brian Lally sold 1,828 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $55.16, for a total transaction of $100,832.48. Following the transaction, the chief executive officer directly owned 100,885 shares in the company, valued at approximately $5,564,816.60. This represents a 1.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael E. Finn bought 1,500 shares of the business's stock in a transaction on Monday, August 4th. The shares were acquired at an average price of $54.11 per share, for a total transaction of $81,165.00. Following the completion of the transaction, the director owned 3,000 shares in the company, valued at approximately $162,330. This trade represents a 100.00% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is owned by corporate insiders.

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.