Michael E. Finn Buys 1,500 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC) Stock

Enterprise Financial Services Corp (NASDAQ:EFSC) Director Michael E. Finn acquired 1,500 shares of the company’s stock in a transaction on Friday, June 6th. The stock was bought at an average cost 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Enterprise Financial Services Stock Performance

NASDAQ:EFSC opened at $53.56 on Tuesday. Enterprise Financial Services Corp has a twelve month low of $37.31 and a twelve month high of $63.13. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The stock’s 50-day simple moving average is $51.44 and its 200 day simple moving average is $55.59. The firm has a market capitalization of $1.98 billion, a PE ratio of 11.07 and a beta of 0.86.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, April 28th. The bank reported $1.31 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 net margin of 20.12% and a return on equity of 10.94%. On average, analysts anticipate that Enterprise Financial Services Corp will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Monday, June 16th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.29. Enterprise Financial Services’s payout ratio is presently 23.53%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wall Street Zen downgraded Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday. Keefe, Bruyette & Woods dropped their target price 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. Finally, DA Davidson reduced their price target on shares of Enterprise Financial Services from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EFSC. Rhumbline Advisers grew its position in Enterprise Financial Services by 5.0% during the 1st quarter. Rhumbline Advisers now owns 61,908 shares of the bank’s stock worth $3,327,000 after acquiring an additional 2,924 shares during the last quarter. Strs Ohio acquired a new stake in shares of Enterprise Financial Services during the first quarter valued at about $489,000. Intech Investment Management LLC grew its holdings in shares of Enterprise Financial Services by 46.1% during the first quarter. Intech Investment Management LLC now owns 25,082 shares of the bank’s stock worth $1,348,000 after purchasing an additional 7,909 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Enterprise Financial Services by 25.1% in the first quarter. Focus Partners Wealth now owns 5,398 shares of the bank’s stock valued at $290,000 after buying an additional 1,082 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Enterprise Financial Services by 10.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,398 shares of the bank’s stock valued at $5,718,000 after buying an additional 9,816 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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.