Jackson Creek Investment Advisors LLC Acquires Shares of 26,545 Enterprise Financial Services Corporation (NASDAQ:EFSC)

Jackson Creek Investment Advisors LLC purchased a new position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 26,545 shares of the bank's stock, valued at approximately $1,427,000. Jackson Creek Investment Advisors LLC owned 0.07% of Enterprise Financial Services as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of EFSC. Opal Wealth Advisors LLC acquired a new position in Enterprise Financial Services in the 1st quarter valued at about $28,000. Versant Capital Management Inc lifted its stake in Enterprise Financial Services by 51.7% in the 1st quarter. Versant Capital Management Inc now owns 775 shares of the bank's stock valued at $42,000 after buying an additional 264 shares in the last quarter. USA Financial Formulas acquired a new position in Enterprise Financial Services in the 1st quarter valued at $50,000. CWM LLC raised its holdings in Enterprise Financial Services by 83.6% in the 1st quarter. CWM LLC now owns 1,252 shares of the bank's stock valued at $67,000 after acquiring an additional 570 shares during the last quarter. Finally, KBC Group NV acquired a new position in Enterprise Financial Services in the 1st quarter valued at $117,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

Insider Activity at Enterprise Financial Services

In other news, CEO James Brian Lally sold 4,689 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $55.18, for a total transaction of $258,739.02. Following the transaction, the chief executive officer owned 106,974 shares of the company's stock, valued at $5,902,825.32. This represents a 4.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael E. Finn bought 1,500 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was acquired at an average price of $52.50 per share, for a total transaction of $78,750.00. Following the acquisition, the director directly owned 1,500 shares in the company, valued at $78,750. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 8,572 shares of company stock worth $472,667 over the last three months. 2.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on EFSC. DA Davidson lowered their price objective on shares of Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Wall Street Zen cut shares of Enterprise Financial Services from a "hold" rating to a "sell" rating in a research note on Saturday, June 7th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th.

Enterprise Financial Services Trading Down 0.9%

Shares of EFSC stock traded down $0.55 on Monday, hitting $58.08. The stock had a trading volume of 190,658 shares, compared to its average volume of 187,476. The company's 50 day moving average price is $54.62 and its 200-day moving average price is $54.99. 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 Corporation has a 1 year low of $45.22 and a 1 year high of $63.13. The firm has a market capitalization of $2.14 billion, a P/E ratio of 11.39 and a beta of 0.86.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its earnings results 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. 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 for the quarter, compared to analysts' expectations of $162.83 million. Analysts anticipate 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 was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.07%. 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 presently 23.53%.

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.