Enterprise Financial Services Corporation $EFSC Stock Holdings Lifted by Vest Financial LLC

Vest Financial LLC raised its position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 19.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,866 shares of the bank’s stock after purchasing an additional 12,164 shares during the quarter. Vest Financial LLC owned 0.21% of Enterprise Financial Services worth $4,180,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in Enterprise Financial Services during the 2nd quarter valued at $70,000. Rhumbline Advisers raised 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 purchasing an additional 2,924 shares during the period. Strs Ohio acquired a new stake in Enterprise Financial Services during the 1st quarter valued at $489,000. Intech Investment Management LLC raised its stake in Enterprise Financial Services by 46.1% during the 1st quarter. Intech Investment Management LLC now owns 25,082 shares of the bank’s stock valued at $1,348,000 after purchasing an additional 7,909 shares during the period. Finally, Focus Partners Wealth raised its stake in Enterprise Financial Services by 25.1% during the 1st quarter. Focus Partners Wealth now owns 5,398 shares of the bank’s stock valued at $290,000 after purchasing an additional 1,082 shares during the period. 72.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on EFSC shares. 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $64.33.

Insider Transactions at Enterprise Financial Services

In other Enterprise Financial Services news, Director Michael E. Finn acquired 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average cost of $54.11 per share, for a total transaction of $81,165.00. Following the completion of the acquisition, the director owned 3,000 shares of the company’s stock, valued at approximately $162,330. This trade represents a 100.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Enterprise Financial Services Trading Up 2.3%

NASDAQ EFSC opened at $56.23 on Tuesday. Enterprise Financial Services Corporation has a 1-year low of $45.22 and a 1-year high of $63.13. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $2.08 billion, a PE ratio of 10.67 and a beta of 0.88. The firm’s fifty day simple moving average is $58.64 and its 200-day simple moving average is $55.19.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, July 28th. The bank reported $1.37 earnings per share 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 11.19%. The business had revenue of $176.05 million for the quarter, compared to the consensus estimate of $166.82 million. As a group, sell-side analysts anticipate that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.31 dividend. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, September 15th. Enterprise Financial Services’s dividend payout ratio is currently 23.53%.

About Enterprise Financial Services

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.