Vest Financial LLC Acquires Shares of 63,702 Enterprise Financial Services Corp (NASDAQ:EFSC)

Vest Financial LLC bought a new stake in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 63,702 shares of the bank's stock, valued at approximately $3,423,000. Vest Financial LLC owned approximately 0.17% of Enterprise Financial Services as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Rhumbline Advisers lifted its stake in Enterprise Financial Services by 5.0% during the 1st quarter. Rhumbline Advisers now owns 61,908 shares of the bank's stock valued at $3,327,000 after acquiring an additional 2,924 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Enterprise Financial Services by 38,627.0% in the first quarter. GAMMA Investing LLC now owns 24,398 shares of the bank's stock valued at $1,311,000 after purchasing an additional 24,335 shares during the last quarter. Versant Capital Management Inc lifted its position 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 valued at $42,000 after purchasing an additional 264 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Enterprise Financial Services by 10.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,338 shares of the bank's stock worth $414,000 after purchasing an additional 699 shares during the last quarter. Finally, Phocas Financial Corp. grew its position in Enterprise Financial Services by 21.8% in the 4th quarter. Phocas Financial Corp. now owns 138,498 shares of the bank's stock worth $7,811,000 after purchasing an additional 24,785 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

Insiders Place Their Bets

In other news, CEO James Brian Lally sold 4,689 shares of Enterprise Financial Services stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $55.18, for a total value of $258,739.02. Following the sale, the chief executive officer now directly owns 106,974 shares in the company, valued at approximately $5,902,825.32. This trade represents a 4.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael E. Finn acquired 1,500 shares of the firm's stock in a transaction on 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 acquisition, the director now directly owns 1,500 shares in the company, valued at approximately $78,750. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on EFSC. Wall Street Zen cut shares of Enterprise Financial Services from a "hold" rating to a "sell" rating in a research report on Saturday. Keefe, Bruyette & Woods lowered their target price on Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, DA Davidson lowered 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.

Enterprise Financial Services Price Performance

EFSC traded up $0.72 on Tuesday, reaching $54.28. The company had a trading volume of 128,097 shares, compared to its average volume of 182,436. Enterprise Financial Services Corp has a 52-week low of $37.31 and a 52-week high of $63.13. The business has a 50 day simple moving average of $51.55 and a 200 day simple moving average of $55.58. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 11.21 and a beta of 0.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The bank reported $1.31 earnings per share (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 return on equity of 10.94% and a net margin of 20.12%. As a group, sell-side analysts anticipate that Enterprise Financial Services Corp will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.30 per share. This is a boost 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 2.21%. The ex-dividend date of this dividend is Monday, June 16th. Enterprise Financial Services's dividend payout ratio (DPR) is presently 23.53%.

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.