30,713 Shares in Enterprise Financial Services Corporation $EFSC Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd invested approximately $1.65 million in Enterprise Financial Services Corporation, acquiring 30,713 shares during the first quarter.
• Analysts upgraded the stock's rating from "sell" to "hold", with three analysts currently rating it as a "Buy" and a price target of $64.33.
• Enterprise Financial Services announced a quarterly dividend increase from $0.30 to $0.31, reflecting a positive dividend yield of 2.0%.

Dynamic Technology Lab Private Ltd bought a new position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,713 shares of the bank's stock, valued at approximately $1,651,000. Dynamic Technology Lab Private Ltd owned approximately 0.08% of Enterprise Financial Services as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Enterprise Financial Services during the 1st quarter worth approximately $28,000. Summit Securities Group LLC acquired a new stake in shares of Enterprise Financial Services in the first quarter worth approximately $32,000. Versant Capital Management Inc boosted its stake in shares of Enterprise Financial Services by 51.7% in the first quarter. Versant Capital Management Inc now owns 775 shares of the bank's stock worth $42,000 after acquiring an additional 264 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Enterprise Financial Services by 302.5% during the first quarter. PNC Financial Services Group Inc. now owns 793 shares of the bank's stock worth $43,000 after purchasing an additional 596 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in Enterprise Financial Services in the 1st quarter valued at $50,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Enterprise Financial Services Trading Up 0.8%

Enterprise Financial Services stock traded up $0.49 during trading on Wednesday, reaching $61.34. 221,125 shares of the company were exchanged, compared to its average volume of 136,235. The stock's 50 day simple moving average is $57.79 and its two-hundred day simple moving average is $54.83. The company has a market capitalization of $2.27 billion, a P/E ratio of 11.50 and a beta of 0.92. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.88 and a quick ratio of 0.88. Enterprise Financial Services Corporation has a 52-week low of $45.22 and a 52-week high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The bank reported $1.37 EPS for the quarter, topping the consensus estimate of $1.20 by $0.17. The business had revenue of $176.05 million for the quarter, compared to analyst estimates of $166.82 million. Enterprise Financial Services had a return on equity of 11.19% and a net margin of 21.28%. On average, equities research 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.31 dividend. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 annualized dividend and a dividend yield of 2.0%. Enterprise Financial Services's dividend payout ratio is currently 22.77%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Enterprise Financial Services from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $64.33.

Insider Activity at Enterprise Financial Services

In related news, CEO James Brian Lally sold 1,828 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $55.16, for a total value of $100,832.48. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael E. Finn bought 1,500 shares of Enterprise Financial Services stock in a transaction on Monday, August 4th. The stock was acquired at an average price of $54.11 per share, for a total transaction of $81,165.00. Following the transaction, the director directly owned 3,000 shares of the company's stock, valued at approximately $162,330. This trade represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company's stock.

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.