Jackson Creek Investment Advisors LLC Takes $1.43 Million Position in Enterprise Financial Services Corporation (NASDAQ:EFSC)

Jackson Creek Investment Advisors LLC bought a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,545 shares of the bank's stock, valued at approximately $1,427,000. Jackson Creek Investment Advisors LLC owned about 0.07% of Enterprise Financial Services at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Enterprise Financial Services by 4.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,640 shares of the bank's stock valued at $411,000 after acquiring an additional 302 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Enterprise Financial Services by 53.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,232 shares of the bank's stock valued at $334,000 after buying an additional 2,182 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in shares of Enterprise Financial Services in the 1st quarter valued at $287,000. KBC Group NV acquired a new position in shares of Enterprise Financial Services during the first quarter worth approximately $117,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Enterprise Financial Services by 437.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,223 shares of the bank's stock worth $1,310,000 after purchasing an additional 18,902 shares during the period. 72.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Enterprise Financial Services

In related news, Director Michael E. Finn bought 1,500 shares of the company's stock in a transaction on Friday, June 6th. The shares were acquired at an average cost of $52.50 per share, with a total value of $78,750.00. Following the completion of the acquisition, the director owned 1,500 shares of the company's stock, valued at $78,750. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Brian Lally sold 1,828 shares of the business's stock in a transaction 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 sale, the chief executive officer directly owned 100,885 shares in the company, valued at $5,564,816.60. This trade represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,572 shares of company stock worth $472,667 over the last three months. Corporate insiders own 2.30% of the company's stock.

Enterprise Financial Services Price Performance

Shares of NASDAQ:EFSC traded down $0.09 on Friday, hitting $58.63. The company's stock had a trading volume of 10,442 shares, compared to its average volume of 186,614. The company has a 50-day simple moving average of $54.52 and a 200 day simple moving average of $54.98. Enterprise Financial Services Corporation has a 1 year low of $45.22 and a 1 year high of $63.13. The company has a market capitalization of $2.17 billion, a PE ratio of 11.55 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.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The bank reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.14. The company had revenue of $18.48 million for the quarter, compared to analysts' expectations of $162.83 million. Enterprise Financial Services had a return on equity of 11.14% and a net margin of 20.92%. Sell-side analysts forecast 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. Shareholders of record on Monday, June 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.05%. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.29. The ex-dividend date was Monday, June 16th. Enterprise Financial Services's payout ratio is 23.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. 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 research report on Wednesday, April 30th. Keefe, Bruyette & Woods cut their price target on 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 downgraded Enterprise Financial Services from a "hold" rating to a "sell" rating in a research note on Saturday, June 7th.

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.

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