GAMMA Investing LLC Acquires 24,335 Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC)

GAMMA Investing LLC boosted its stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) by 38,627.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,398 shares of the bank's stock after buying an additional 24,335 shares during the period. GAMMA Investing LLC owned about 0.07% of Enterprise Financial Services worth $1,311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EFSC. New York State Teachers Retirement System acquired a new stake in Enterprise Financial Services during the 4th quarter worth about $191,000. Principal Financial Group Inc. raised its holdings in Enterprise Financial Services by 7.0% during the 4th quarter. Principal Financial Group Inc. now owns 17,252 shares of the bank's stock worth $973,000 after buying an additional 1,128 shares during the period. Peregrine Capital Management LLC raised its holdings in Enterprise Financial Services by 9.9% during the 4th quarter. Peregrine Capital Management LLC now owns 106,030 shares of the bank's stock worth $5,980,000 after buying an additional 9,565 shares during the period. New York State Common Retirement Fund raised its holdings in Enterprise Financial Services by 48.4% during the 4th quarter. New York State Common Retirement Fund now owns 67,186 shares of the bank's stock worth $3,789,000 after buying an additional 21,922 shares during the period. Finally, PL Capital Advisors LLC raised its holdings in Enterprise Financial Services by 5,540.0% during the 4th quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank's stock worth $2,238,852,000 after buying an additional 38,992,127 shares during the period. Institutional investors and hedge funds own 72.21% of the company's stock.

Enterprise Financial Services Stock Up 1.5%

Enterprise Financial Services stock traded up $0.79 during trading hours on Wednesday, hitting $52.75. The company had a trading volume of 197,543 shares, compared to its average volume of 184,679. The firm has a market capitalization of $1.95 billion, a P/E ratio of 10.34 and a beta of 0.86. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The firm's fifty day moving average is $52.05 and its 200-day moving average is $55.27. Enterprise Financial Services Corporation has a fifty-two week low of $37.90 and a fifty-two week high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $18.48 million for the quarter, compared to analyst estimates of $162.83 million. Enterprise Financial Services had a net margin of 20.92% and a return on equity of 11.14%. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.29. Enterprise Financial Services's dividend payout ratio is currently 23.53%.

Analyst Upgrades and Downgrades

EFSC has been the topic of several recent analyst reports. DA Davidson cut their price objective on Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Keefe, Bruyette & Woods decreased their price target 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. Finally, Wall Street Zen lowered shares of Enterprise Financial Services from a "hold" rating to a "sell" rating in a research note on Saturday, June 7th.

Insider Buying and Selling at Enterprise Financial Services

In other Enterprise Financial Services news, CEO James Brian Lally sold 4,689 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 106,974 shares of the company's stock, valued at $5,902,825.32. The trade was a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael E. Finn bought 1,500 shares of the firm's stock in a transaction on Friday, June 6th. The stock was acquired at an average cost of $52.50 per share, with a total value of $78,750.00. Following the completion of the transaction, the director now directly owns 1,500 shares of the company's stock, valued at approximately $78,750. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company's stock.

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.