Jag Capital Management LLC Buys 3,239 Shares of Enterprise Financial Services Corporation $EFSC

Jag Capital Management LLC grew its stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 41.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,144 shares of the bank’s stock after buying an additional 3,239 shares during the period. Jag Capital Management LLC’s holdings in Enterprise Financial Services were worth $614,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EFSC. Opal Wealth Advisors LLC bought a new stake in Enterprise Financial Services during the 1st quarter worth approximately $28,000. Summit Securities Group LLC bought a new stake in Enterprise Financial Services during the 1st quarter worth approximately $32,000. PNC Financial Services Group Inc. increased its holdings in shares of Enterprise Financial Services by 302.5% in 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 period. CWM LLC increased its holdings in shares of Enterprise Financial Services by 83.6% in the first 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. Finally, Ameritas Advisory Services LLC bought a new position in shares of Enterprise Financial Services in the second quarter worth $70,000. 72.21% of the stock is currently owned by institutional investors.

Insider Activity at Enterprise Financial Services

In other Enterprise Financial Services news, Director Michael E. Finn purchased 1,500 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were purchased at an average cost of $54.11 per share, with a total value of $81,165.00. Following the completion of the purchase, the director owned 3,000 shares of the company’s stock, valued at $162,330. The trade was a 100.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EFSC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a report on Wednesday, October 8th. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $64.33.

Enterprise Financial Services Stock Up 2.3%

EFSC opened at $56.23 on Tuesday. The stock has a market cap of $2.08 billion, a PE ratio of 10.67 and a beta of 0.88. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.36. Enterprise Financial Services Corporation has a 52 week low of $45.22 and a 52 week high of $63.13. The business’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 released its earnings results on Monday, July 28th. The bank reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.17. The business had revenue of $176.05 million for the quarter, compared to analysts’ expectations 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, research analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.2%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, September 15th. Enterprise Financial Services’s payout ratio is 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.