Peregrine Capital Management LLC Has $5.40 Million Holdings in Enterprise Financial Services Corporation (NASDAQ:EFSC)

Peregrine Capital Management LLC reduced its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,547 shares of the bank's stock after selling 5,483 shares during the period. Peregrine Capital Management LLC owned 0.27% of Enterprise Financial Services worth $5,403,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EFSC. Principal Financial Group Inc. boosted its position in shares of Enterprise Financial Services by 7.0% in the fourth quarter. Principal Financial Group Inc. now owns 17,252 shares of the bank's stock valued at $973,000 after acquiring an additional 1,128 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Enterprise Financial Services by 1.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 31,233 shares of the bank's stock valued at $1,762,000 after acquiring an additional 297 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Enterprise Financial Services in the fourth quarter valued at about $818,000. Mutual of America Capital Management LLC boosted its position in shares of Enterprise Financial Services by 2.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 141,688 shares of the bank's stock valued at $7,991,000 after acquiring an additional 3,356 shares during the period. Finally, Fisher Asset Management LLC boosted its position in shares of Enterprise Financial Services by 37.0% in the fourth quarter. Fisher Asset Management LLC now owns 74,195 shares of the bank's stock valued at $4,185,000 after acquiring an additional 20,033 shares during the period. Institutional investors own 72.21% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of Enterprise Financial Services from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th. DA Davidson cut their price objective on shares of 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. 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 for the company in a research report on Wednesday, April 30th.

Enterprise Financial Services Price Performance

Shares of EFSC stock traded up $0.41 on Wednesday, reaching $56.52. The company had a trading volume of 191,505 shares, compared to its average volume of 186,129. The stock has a market capitalization of $2.09 billion, a PE ratio of 11.08 and a beta of 0.86. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. Enterprise Financial Services Corporation has a one year low of $38.88 and a one year high of $63.13. The business's 50-day moving average is $53.27 and its 200 day moving average is $54.93.

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

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.30 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.20 annualized dividend and a dividend yield of 2.12%. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.29. Enterprise Financial Services's dividend payout ratio is currently 23.53%.

Insider Activity at Enterprise Financial Services

In other news, Director Michael E. Finn acquired 1,500 shares of the stock in a transaction dated Friday, June 6th. The stock was bought at an average price of $52.50 per share, with a total value of $78,750.00. Following the completion of the purchase, the director directly owned 1,500 shares of the company's stock, valued at $78,750. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Brian Lally sold 4,689 shares of the company'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 transaction, the chief executive officer directly 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 disclosure for this sale can be found here. Insiders sold 8,572 shares of company stock valued at $472,667 in the last ninety days. 2.30% of the stock is currently owned by insiders.

About Enterprise Financial Services

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.