GAMMA Investing LLC Grows Stock Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

GAMMA Investing LLC lifted its stake in Enterprise Financial Services Corp (NASDAQ:EFSC) by 38,627.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,398 shares of the bank’s stock after purchasing an additional 24,335 shares during the period. GAMMA Investing LLC owned about 0.07% of Enterprise Financial Services worth $1,311,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Enterprise Financial Services by 437.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,223 shares of the bank’s stock valued at $1,310,000 after purchasing an additional 18,902 shares during the period. Vanguard Group Inc. lifted its holdings in Enterprise Financial Services by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 2,089,008 shares of the bank’s stock worth $117,820,000 after buying an additional 13,724 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Enterprise Financial Services by 11.4% during the 4th quarter. Ameriprise Financial Inc. now owns 83,179 shares of the bank’s stock worth $4,691,000 after buying an additional 8,525 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Enterprise Financial Services by 37.0% during the 4th quarter. Fisher Asset Management LLC now owns 74,195 shares of the bank’s stock worth $4,185,000 after buying an additional 20,033 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Enterprise Financial Services by 1.3% during the 4th quarter. JPMorgan Chase & Co. now owns 565,314 shares of the bank’s stock worth $31,884,000 after buying an additional 7,439 shares during the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Financial Services Stock Performance

NASDAQ EFSC opened at $52.30 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $51.86 and its two-hundred day moving average is $55.38. Enterprise Financial Services Corp has a 12-month low of $37.31 and a 12-month high of $63.13. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 10.81 and a beta of 0.86.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.14. The company had revenue of $18.48 million for the quarter, compared to analysts’ expectations of $162.83 million. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. Research analysts expect that Enterprise Financial Services Corp will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.30 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.20 annualized dividend and a dividend yield of 2.29%. Enterprise Financial Services’s payout ratio is 23.53%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods decreased their price target on Enterprise Financial Services from $69.00 to $66.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Wall Street Zen downgraded Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, June 7th. Finally, DA Davidson decreased their price target on Enterprise Financial Services from $70.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, April 30th.

Insider Transactions at Enterprise Financial Services

In related news, CEO James Brian Lally sold 4,689 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $55.18, for a total value of $258,739.02. Following the sale, the chief executive officer now owns 106,974 shares of the company’s stock, valued at approximately $5,902,825.32. This represents a 4.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael E. Finn bought 1,500 shares of Enterprise Financial Services stock in a transaction that occurred on Friday, June 6th. The stock was bought at an average cost of $52.50 per share, for a total transaction of $78,750.00. Following the purchase, the director now owns 1,500 shares in the company, valued at $78,750. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company’s stock.

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.