Enterprise Financial Services Corporation $EFSC Shares Sold by Northern Trust Corp

Northern Trust Corp decreased its position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 371,227 shares of the bank's stock after selling 8,906 shares during the quarter. Northern Trust Corp owned 1.01% of Enterprise Financial Services worth $19,950,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in Enterprise Financial Services by 4.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,640 shares of the bank's stock valued at $411,000 after buying an additional 302 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Enterprise Financial Services by 53.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,232 shares of the bank's stock valued at $334,000 after acquiring an additional 2,182 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in shares of Enterprise Financial Services in the 1st quarter valued at about $287,000. KBC Group NV acquired a new position in Enterprise Financial Services in the 1st quarter worth about $117,000. Finally, Jackson Creek Investment Advisors LLC purchased a new position in Enterprise Financial Services during the first quarter worth approximately $1,427,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Enterprise Financial Services

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

Enterprise Financial Services Price Performance

Shares of NASDAQ:EFSC traded down $0.51 during trading on Friday, reaching $60.67. The stock had a trading volume of 139,341 shares, compared to its average volume of 126,901. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 0.88. Enterprise Financial Services Corporation has a 1-year low of $45.22 and a 1-year high of $63.13. The stock has a market cap of $2.24 billion, a PE ratio of 11.51 and a beta of 0.92. The business has a fifty day moving average price of $57.57 and a 200-day moving average price of $54.86.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The bank reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.17. Enterprise Financial Services had a return on equity of 11.19% and a net margin of 21.28%.The company had revenue of $176.05 million for the quarter, compared to analyst estimates of $166.82 million. On average, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 annualized dividend and a yield of 2.0%. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.30. Enterprise Financial Services's dividend payout ratio is currently 23.53%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Enterprise Financial Services from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Enterprise Financial Services currently has an average rating of "Buy" and a consensus price target of $64.33.

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.