Western Financial Corp CA Has $29.45 Million Holdings in Enterprise Financial Services Corporation $EFSC

Key Points

• Western Financial Corp CA decreased its stake in Enterprise Financial Services Corporation by 8.5%, retaining about 1.45% of the company, valued at approximately $29.45 million.
• Enterprise Financial Services reported a Q2 earnings per share of $1.37, exceeding analysts' expectations, and revealed a quarterly dividend increase to $0.31 per share.
• Institutional ownership of Enterprise Financial Services stands at 72.21%, with recent upgrades from analysts reflecting a more favorable outlook for the stock.

Western Financial Corp CA trimmed its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) by 8.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 534,542 shares of the bank's stock after selling 49,948 shares during the period. Enterprise Financial Services accounts for approximately 15.8% of Western Financial Corp CA's holdings, making the stock its largest position. Western Financial Corp CA owned about 1.45% of Enterprise Financial Services worth $29,453,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in shares of Enterprise Financial Services by 51.7% in the first quarter. Versant Capital Management Inc now owns 775 shares of the bank's stock valued at $42,000 after acquiring an additional 264 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Enterprise Financial Services by 4.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,640 shares of the bank's stock worth $411,000 after purchasing an additional 302 shares during the period. Opal Wealth Advisors LLC bought a new position in Enterprise Financial Services during the 1st quarter valued at about $28,000. Focus Partners Advisor Solutions LLC raised its position in Enterprise Financial Services by 9.7% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 6,289 shares of the bank's stock worth $338,000 after purchasing an additional 554 shares during the period. Finally, CWM LLC raised its position in Enterprise Financial Services by 83.6% in 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. Institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Stock Up 0.4%

Shares of NASDAQ EFSC opened at $58.84 on Friday. The stock has a 50 day moving average price of $58.40 and a 200 day moving average price of $55.08. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 11.17 and a beta of 0.92. Enterprise Financial Services Corporation has a 52-week low of $45.22 and a 52-week high of $63.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 0.88.

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 for the quarter, beating analysts' consensus estimates of $1.20 by $0.17. Enterprise Financial Services had a return on equity of 11.19% and a net margin of 21.28%.The business 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 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, September 15th. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.30. Enterprise Financial Services's dividend payout ratio (DPR) is currently 23.53%.

Insider Buying and Selling

In other Enterprise Financial Services news, Director Michael E. Finn purchased 1,500 shares of Enterprise Financial Services stock in a transaction dated Monday, August 4th. The stock was acquired at an average price of $54.11 per share, for a total transaction of $81,165.00. Following the acquisition, the director owned 3,000 shares in the company, valued at $162,330. This trade represents a 100.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Enterprise Financial Services from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Enterprise Financial Services has an average rating of "Buy" and an average target price of $64.33.

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.

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