6,819 Shares in Enterprise Financial Services Corporation $EFSC Acquired by PharVision Advisers LLC

Key Points

• PharVision Advisers LLC has acquired a new stake in Enterprise Financial Services Corporation, purchasing 6,819 shares valued at approximately $366,000.
• Analysts have upgraded Enterprise Financial Services from a "sell" to a "hold" rating, with an average price target of $64.33.
• The company has increased its quarterly dividend to $0.31 per share, up from the previous $0.30, reflecting a positive change in its financial policies.

PharVision Advisers LLC bought a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,819 shares of the bank's stock, valued at approximately $366,000.

Several other institutional investors have also modified their holdings of EFSC. Opal Wealth Advisors LLC acquired a new position in Enterprise Financial Services during the first quarter worth $28,000. Summit Securities Group LLC acquired a new stake in Enterprise Financial Services in the 1st quarter valued at about $32,000. Versant Capital Management Inc grew its holdings in 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 period. PNC Financial Services Group Inc. boosted its stake in shares of Enterprise Financial Services by 302.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 793 shares of the bank's stock worth $43,000 after acquiring an additional 596 shares during the period. Finally, USA Financial Formulas bought a new position in Enterprise Financial Services during the first quarter worth $50,000. Institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Stock Performance

Shares of Enterprise Financial Services stock traded down $0.37 during trading hours on Tuesday, hitting $60.85. 214,830 shares of the company's stock traded hands, compared to its average volume of 132,112. Enterprise Financial Services Corporation has a 12-month low of $45.22 and a 12-month high of $63.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.88 and a quick ratio of 0.88. The company has a fifty day simple moving average of $57.79 and a 200-day simple moving average of $54.83. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 11.55 and a beta of 0.92.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its earnings results on Monday, July 28th. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.17. The firm had revenue of $176.05 million for the quarter, compared to analyst estimates of $166.82 million. Enterprise Financial Services had a return on equity of 11.19% and a net margin of 21.28%. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.31 per share. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a yield of 2.0%. Enterprise Financial Services's payout ratio is currently 22.77%.

Insider Buying and Selling at Enterprise Financial Services

In other Enterprise Financial Services news, Director Michael E. Finn purchased 1,500 shares of the company's stock in a transaction dated Monday, August 4th. The stock was purchased at an average price of $54.11 per share, for a total transaction of $81,165.00. Following the transaction, the director owned 3,000 shares in the company, valued at $162,330. The trade was a 100.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James Brian Lally sold 1,828 shares of Enterprise Financial Services 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 completion of the transaction, 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. 2.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Enterprise Financial Services from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price 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.