Denali Advisors LLC Sells 7,044 Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC)

Denali Advisors LLC cut its stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) by 5.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 114,948 shares of the bank's stock after selling 7,044 shares during the period. Denali Advisors LLC owned approximately 0.31% of Enterprise Financial Services worth $6,177,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EFSC. Raymond James Financial Inc. purchased a new stake in Enterprise Financial Services during the 4th quarter worth approximately $7,556,000. Nuveen Asset Management LLC increased its holdings in Enterprise Financial Services by 33.5% during the 4th quarter. Nuveen Asset Management LLC now owns 430,662 shares of the bank's stock worth $24,289,000 after purchasing an additional 107,996 shares during the last quarter. American Century Companies Inc. increased its holdings in Enterprise Financial Services by 12.9% during the 4th quarter. American Century Companies Inc. now owns 847,939 shares of the bank's stock worth $47,824,000 after purchasing an additional 96,822 shares during the last quarter. Vest Financial LLC purchased a new stake in Enterprise Financial Services during the 1st quarter worth approximately $3,423,000. Finally, Dimensional Fund Advisors LP increased its holdings in Enterprise Financial Services by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,215,368 shares of the bank's stock worth $124,947,000 after purchasing an additional 54,987 shares during the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Enterprise Financial Services news, Director Michael E. Finn purchased 1,500 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was purchased at an average cost of $52.50 per share, with a total value of $78,750.00. Following the acquisition, the director directly owned 1,500 shares of the company's stock, valued at approximately $78,750. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through 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 transaction, the chief executive officer owned 106,974 shares in the company, valued at $5,902,825.32. The trade was 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 sold 8,572 shares of company stock valued at $472,667. 2.20% of the stock is currently owned by insiders.

Enterprise Financial Services Stock Down 0.8%

EFSC stock traded down $0.48 during mid-day trading on Tuesday, hitting $57.60. The stock had a trading volume of 159,355 shares, compared to its average volume of 187,397. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 11.29 and a beta of 0.86. The company has a fifty day moving average of $54.62 and a 200 day moving average of $54.99. Enterprise Financial Services Corporation has a 1-year low of $45.22 and a 1-year high of $63.13. 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 (NASDAQ:EFSC - Get Free Report) last announced its earnings results on Monday, April 28th. The bank reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.14. Enterprise Financial Services had a return on equity of 11.14% and a net margin of 20.92%. The firm had revenue of $18.48 million during the quarter, compared to the consensus estimate of $162.83 million. On average, equities analysts expect that Enterprise Financial Services Corporation will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, June 16th. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.08%. Enterprise Financial Services's dividend payout ratio is presently 23.53%.

Analysts Set New Price Targets

EFSC has been the subject of a number of research analyst reports. DA Davidson lowered their price target on Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Keefe, Bruyette & Woods lowered their price target on Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Wall Street Zen downgraded Enterprise Financial Services from a "hold" rating to a "sell" rating in a report on Saturday, June 7th.

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.