Enterprise Financial Services Corp Sells 14,017 Shares of Enterprise Financial Services Corporation $EFSC

Key Points

• Enterprise Financial Services Corp reduced its holdings in Enterprise Financial Services Corporation by 3.9%, now owning approximately 349,365 shares valued at $18.8 million, making it the company's largest holding.
• The company recently announced a quarterly dividend increase to $0.31 per share, reflecting a yield of 2.0% and a dividend payout ratio of 23.53%.
• Enterprise Financial Services reported earnings of $1.37 per share for the last quarter, exceeding consensus estimates, with analysts forecasting an average of 4.97 earnings per share for the current year.

Enterprise Financial Services Corp cut its position in Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 349,365 shares of the bank's stock after selling 14,017 shares during the quarter. Enterprise Financial Services accounts for 11.1% of Enterprise Financial Services Corp's holdings, making the stock its largest holding. Enterprise Financial Services Corp owned approximately 0.95% of Enterprise Financial Services worth $18,775,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Aptus Capital Advisors LLC grew its stake in shares of Enterprise Financial Services by 10.7% in the first quarter. Aptus Capital Advisors LLC now owns 184,823 shares of the bank's stock valued at $9,932,000 after buying an additional 17,916 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Enterprise Financial Services in the first quarter valued at $32,000. American Century Companies Inc. grew its stake in shares of Enterprise Financial Services by 7.5% in the first quarter. American Century Companies Inc. now owns 911,911 shares of the bank's stock valued at $49,006,000 after buying an additional 63,972 shares in the last quarter. Boston Partners grew its stake in shares of Enterprise Financial Services by 3.2% in the first quarter. Boston Partners now owns 44,649 shares of the bank's stock valued at $2,399,000 after buying an additional 1,374 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Enterprise Financial Services by 5.9% in the first quarter. Russell Investments Group Ltd. now owns 90,337 shares of the bank's stock valued at $4,855,000 after buying an additional 5,002 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Enterprise Financial Services Stock Up 0.0%

NASDAQ:EFSC traded up $0.01 during midday trading on Friday, reaching $61.66. The company had a trading volume of 43,494 shares, compared to its average volume of 196,751. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 11.70 and a beta of 0.90. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The stock's fifty day simple moving average is $56.82 and its 200-day simple moving average is $54.87. Enterprise Financial Services Corporation has a 12-month low of $45.22 and a 12-month high of $63.13.

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

Enterprise Financial Services Increases Dividend

The firm also recently declared 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. 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 dividend on an annualized basis and a yield of 2.0%. Enterprise Financial Services's dividend payout ratio (DPR) is presently 22.77%.

Insider Transactions at Enterprise Financial Services

In other Enterprise Financial Services news, CEO James Brian Lally sold 1,828 shares of Enterprise Financial Services stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $55.16, for a total transaction of $100,832.48. Following the completion of the sale, the chief executive officer directly owned 100,885 shares of the company's stock, valued at $5,564,816.60. The trade was a 1.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael E. Finn purchased 1,500 shares of the firm's stock in a transaction on Monday, August 4th. The shares were acquired at an average cost of $54.11 per share, with a total value of $81,165.00. Following the completion of the acquisition, the director directly owned 3,000 shares in the company, valued at $162,330. The trade was a 100.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen raised 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, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $64.33.

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.