Enterprise Financial Services Corporation $EFSC Shares Bought by Rhumbline Advisers

Rhumbline Advisers boosted its stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,908 shares of the bank’s stock after buying an additional 2,924 shares during the quarter. Rhumbline Advisers owned 0.17% of Enterprise Financial Services worth $3,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Enterprise Financial Services by 10.8% during the first quarter. Vanguard Group Inc. now owns 2,314,377 shares of the bank’s stock worth $124,375,000 after buying an additional 225,369 shares during the period. American Century Companies Inc. grew its position in Enterprise Financial Services by 7.5% during the first quarter. American Century Companies Inc. now owns 911,911 shares of the bank’s stock worth $49,006,000 after buying an additional 63,972 shares during the period. Jennison Associates LLC grew its position in Enterprise Financial Services by 0.9% during the first quarter. Jennison Associates LLC now owns 572,082 shares of the bank’s stock worth $30,744,000 after buying an additional 5,302 shares during the period. Charles Schwab Investment Management Inc. grew its position in Enterprise Financial Services by 11.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 488,546 shares of the bank’s stock worth $26,254,000 after buying an additional 51,878 shares during the period. Finally, Nuveen Asset Management LLC grew its position in Enterprise Financial Services by 33.5% during the fourth quarter. Nuveen Asset Management LLC now owns 430,662 shares of the bank’s stock worth $24,289,000 after buying an additional 107,996 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Enterprise Financial Services Stock Performance

NASDAQ:EFSC opened at $59.67 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.21 billion, a P/E ratio of 11.32 and a beta of 0.92. Enterprise Financial Services Corporation has a fifty-two week low of $45.22 and a fifty-two week high of $63.13. The firm’s 50 day moving average is $58.08 and its two-hundred day moving average is $54.87.

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 company had revenue of $176.05 million for the quarter, compared to the consensus estimate of $166.82 million. Analysts expect that Enterprise Financial Services Corporation will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 annualized dividend and a yield of 2.1%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.30. Enterprise Financial Services’s dividend payout ratio (DPR) is 22.77%.

Insider Buying and Selling at Enterprise Financial Services

In related news, CEO James Brian Lally sold 1,828 shares of Enterprise Financial Services stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $55.16, for a total value of $100,832.48. Following the sale, the chief executive officer directly owned 100,885 shares in the company, valued at $5,564,816.60. This trade represents a 1.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael E. Finn purchased 1,500 shares of the company’s stock in a transaction on Monday, August 4th. The shares were bought at an average price of $54.11 per share, for a total transaction of $81,165.00. Following the completion of the transaction, the director directly owned 3,000 shares in the company, valued at $162,330. This represents a 100.00% increase in their position. The disclosure for this purchase can be found here. 2.20% of the stock is owned by company insiders.

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.