Aptus Capital Advisors LLC Purchases 20,250 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Aptus Capital Advisors LLC grew its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 24.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,624 shares of the bank’s stock after acquiring an additional 20,250 shares during the quarter. Aptus Capital Advisors LLC owned 0.27% of Enterprise Financial Services worth $4,198,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. nVerses Capital LLC bought a new position in Enterprise Financial Services in the second quarter worth $29,000. Innealta Capital LLC bought a new position in shares of Enterprise Financial Services during the 2nd quarter worth about $31,000. EntryPoint Capital LLC boosted its position in shares of Enterprise Financial Services by 87.4% during the 1st quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank’s stock valued at $159,000 after acquiring an additional 1,831 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Enterprise Financial Services by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank’s stock valued at $178,000 after acquiring an additional 370 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Enterprise Financial Services in the first quarter worth about $178,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Price Performance

Shares of NASDAQ:EFSC traded up $0.12 on Friday, hitting $52.91. The stock had a trading volume of 102,504 shares, compared to its average volume of 123,521. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 11.33 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50 day moving average price is $47.11 and its 200-day moving average price is $41.94. Enterprise Financial Services Corp has a twelve month low of $32.97 and a twelve month high of $54.88.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.15. The company had revenue of $156.02 million during the quarter, compared to analyst estimates of $153.41 million. Enterprise Financial Services had a net margin of 19.61% and a return on equity of 10.95%. On average, equities research analysts predict that Enterprise Financial Services Corp will post 4.6 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 Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, September 16th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.04%. Enterprise Financial Services’s dividend payout ratio (DPR) is 22.27%.

Insider Buying and Selling

In other news, Director Richard Sanborn sold 94,815 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $53.73, for a total transaction of $5,094,409.95. Following the transaction, the director now directly owns 139,460 shares in the company, valued at $7,493,185.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Piper Sandler upped their price objective on Enterprise Financial Services from $45.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th.

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.