Plancorp LLC Trims Stock Position in Enterprise Financial Services Corporation $EFSC

Plancorp LLC trimmed its position in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,475 shares of the bank’s stock after selling 991 shares during the quarter. Plancorp LLC owned about 0.26% of Enterprise Financial Services worth $5,316,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EFSC. Opal Wealth Advisors LLC purchased a new stake in Enterprise Financial Services during the 1st quarter valued at approximately $28,000. Summit Securities Group LLC bought a new stake in Enterprise Financial Services in the first quarter worth $32,000. 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 worth $42,000 after purchasing an additional 264 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Enterprise Financial Services by 302.5% during the first quarter. PNC Financial Services Group Inc. now owns 793 shares of the bank’s stock worth $43,000 after purchasing an additional 596 shares during the last quarter. Finally, USA Financial Formulas bought a new stake in shares of Enterprise Financial Services during the first quarter worth $50,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Enterprise Financial Services Price Performance

Shares of NASDAQ EFSC opened at $58.93 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $2.18 billion, a PE ratio of 11.18 and a beta of 0.92. The business has a 50-day simple moving average of $58.40 and a two-hundred day simple moving average of $55.02. Enterprise Financial Services Corporation has a fifty-two week low of $45.22 and a fifty-two week high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, July 28th. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.17. The business had revenue of $176.05 million during the quarter, compared to the consensus estimate of $166.82 million. Enterprise Financial Services had a return on equity of 11.19% and a net margin of 21.28%. As a group, equities analysts expect that Enterprise Financial Services Corporation will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be 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 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, September 15th. Enterprise Financial Services’s dividend payout ratio is 23.53%.

Insiders Place Their Bets

In other Enterprise Financial Services news, Director Michael E. Finn purchased 1,500 shares of the stock in a transaction on Monday, August 4th. The stock was acquired at an average price of $54.11 per share, with a total value of $81,165.00. Following the completion of the acquisition, the director owned 3,000 shares in the company, valued at $162,330. The trade was a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $64.33.

Enterprise Financial Services Company 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.