88,783 Shares in Enterprise Financial Services Corporation (NASDAQ:EFSC) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH purchased 88,783 shares of Enterprise Financial Services Corporation (NASDAQ:EFSC), valued at approximately $4.77 million, increasing their stake to approximately 0.24% of the company.
• CEO James Brian Lally sold 1,828 shares for around $100,832, representing a 1.78% decrease in his ownership, while Director Michael E. Finn acquired 1,500 shares valued at $78,750.
• Equities research analysts adjusted ratings for EFSC, with Wall Street Zen moving the stock from a "sell" to a "hold" rating, while Keefe, Bruyette & Woods and DA Davidson lowered their price targets from $69 to $66 and from $70 to $65, respectively.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 88,783 shares of the bank's stock, valued at approximately $4,771,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.24% of Enterprise Financial Services as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of EFSC. Opal Wealth Advisors LLC purchased a new stake in shares of Enterprise Financial Services during the 1st quarter valued at $28,000. Versant Capital Management Inc grew its stake in shares of Enterprise Financial Services by 51.7% during 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 during the period. USA Financial Formulas purchased a new stake in shares of Enterprise Financial Services during the 1st quarter valued at $50,000. CWM LLC boosted its position in Enterprise Financial Services by 83.6% during the 1st quarter. CWM LLC now owns 1,252 shares of the bank's stock worth $67,000 after purchasing an additional 570 shares during the period. Finally, KBC Group NV purchased a new stake in Enterprise Financial Services during the 1st quarter worth $117,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EFSC has been the subject of a number of research reports. Wall Street Zen raised shares of Enterprise Financial Services from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. DA Davidson decreased 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 decreased 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.

Insider Buying and Selling

In other Enterprise Financial Services news, CEO James Brian Lally sold 4,689 shares of the 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 sale, the chief executive officer owned 106,974 shares in the company, valued at $5,902,825.32. This represents a 4.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael E. Finn purchased 1,500 shares of the business's stock in a transaction dated Friday, June 6th. The shares were 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. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 8,572 shares of company stock valued at $472,667 in the last ninety days. Company insiders own 2.30% of the company's stock.

Enterprise Financial Services Price Performance

NASDAQ:EFSC traded down $0.61 during trading hours on Thursday, reaching $54.77. 33,041 shares of the company's stock were exchanged, compared to its average volume of 204,529. The business's 50-day simple moving average is $55.00 and its two-hundred day simple moving average is $55.07. Enterprise Financial Services Corporation has a 12 month low of $45.22 and a 12 month high of $63.13. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $2.02 billion, a P/E ratio of 10.39 and a beta of 0.86.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The bank reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.17. Enterprise Financial Services had a net margin of 21.28% and a return on equity of 11.31%. The firm had revenue of $176.05 million during the quarter, compared to analyst estimates of $166.82 million. Sell-side analysts expect 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 will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.31 dividend. This is a positive change 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 2.26%. Enterprise Financial Services's dividend payout ratio (DPR) is currently 22.77%.

Enterprise Financial Services 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.