Peregrine Capital Management LLC Sells 5,483 Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC)

Peregrine Capital Management LLC cut its stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,547 shares of the bank's stock after selling 5,483 shares during the period. Peregrine Capital Management LLC owned about 0.27% of Enterprise Financial Services worth $5,403,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in Enterprise Financial Services during the 1st quarter worth $28,000. Versant Capital Management Inc grew its holdings in shares of Enterprise Financial Services by 51.7% during the first quarter. Versant Capital Management Inc now owns 775 shares of the bank's stock worth $42,000 after purchasing an additional 264 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Enterprise Financial Services during the first quarter worth about $50,000. KBC Group NV acquired a new position in shares of Enterprise Financial Services in the first quarter valued at approximately $117,000. Finally, Crestline Management LP bought a new position in Enterprise Financial Services in the 4th quarter valued at approximately $203,000. 72.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. DA Davidson reduced their target price on shares of 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 cut their price target 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. Finally, Wall Street Zen downgraded Enterprise Financial Services from a "hold" rating to a "sell" rating in a report on Saturday, June 7th.

Insider Transactions at Enterprise Financial Services

In other Enterprise Financial Services news, Director Michael E. Finn acquired 1,500 shares of the company's stock in a transaction dated Friday, June 6th. The shares were bought at an average cost of $52.50 per share, with a total value of $78,750.00. Following the purchase, the director directly owned 1,500 shares of the company's stock, valued at $78,750. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Brian Lally sold 1,828 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 100,885 shares of the company's stock, valued at $5,564,816.60. This represents a 1.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,572 shares of company stock valued at $472,667. Company insiders own 2.30% of the company's stock.

Enterprise Financial Services Trading Up 1.4%

NASDAQ:EFSC traded up $0.82 on Friday, reaching $57.34. 90,510 shares of the stock traded hands, compared to its average volume of 186,266. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34. Enterprise Financial Services Corporation has a 1-year low of $38.88 and a 1-year high of $63.13. The company's 50 day moving average is $53.62 and its 200-day moving average is $54.91. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 11.24 and a beta of 0.86.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The bank reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.14. Enterprise Financial Services had a net margin of 20.92% and a return on equity of 11.14%. The company had revenue of $18.48 million for the quarter, compared to analyst estimates of $162.83 million. Equities research analysts anticipate that Enterprise Financial Services Corporation will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently declared 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 is an increase from Enterprise Financial Services's previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Monday, June 16th. Enterprise Financial Services's dividend payout ratio (DPR) 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.