Jackson Creek Investment Advisors LLC Invests $1.43 Million in Enterprise Financial Services Corporation (NASDAQ:EFSC)

Jackson Creek Investment Advisors LLC purchased a new position in Enterprise Financial Services Corporation (NASDAQ:EFSC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,545 shares of the bank’s stock, valued at approximately $1,427,000.

Several other hedge funds have also recently modified their holdings of the business. Opal Wealth Advisors LLC bought a new position in shares of Enterprise Financial Services in the first quarter worth about $28,000. Versant Capital Management Inc increased its holdings in Enterprise Financial Services by 51.7% during the 1st 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 period. USA Financial Formulas purchased a new position in Enterprise Financial Services during the 1st quarter worth $50,000. CWM LLC lifted its stake in shares of Enterprise Financial Services by 83.6% during the 1st quarter. CWM LLC now owns 1,252 shares of the bank’s stock worth $67,000 after purchasing an additional 570 shares during the last quarter. Finally, KBC Group NV purchased a new stake in shares of Enterprise Financial Services during the 1st quarter worth $117,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Insider Buying and Selling

In other Enterprise Financial Services news, Director Michael E. Finn acquired 1,500 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were purchased at an average cost of $52.50 per share, for a total transaction of $78,750.00. Following the completion of the acquisition, the director owned 1,500 shares of the company’s stock, valued at approximately $78,750. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO James Brian Lally sold 4,689 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $55.18, for a total value of $258,739.02. Following the completion of the transaction, the chief executive officer owned 106,974 shares in the company, valued at $5,902,825.32. This represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,572 shares of company stock worth $472,667 over the last quarter. 2.30% of the stock is currently owned by insiders.

Enterprise Financial Services Price Performance

Shares of Enterprise Financial Services stock traded down $0.09 on Friday, hitting $58.63. The company’s stock had a trading volume of 10,442 shares, compared to its average volume of 186,614. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. Enterprise Financial Services Corporation has a 1 year low of $45.22 and a 1 year high of $63.13. The firm has a fifty day moving average price of $54.52 and a 200-day moving average price of $54.98. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 11.55 and a beta of 0.86.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, April 28th. The bank reported $1.31 EPS for the quarter, topping the consensus estimate of $1.17 by $0.14. The company had revenue of $18.48 million during the quarter, compared to analyst estimates of $162.83 million. Enterprise Financial Services had a return on equity of 11.14% and a net margin of 20.92%. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, June 16th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 2.05%. Enterprise Financial Services’s dividend payout ratio is currently 23.53%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their price objective on 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. Wall Street Zen cut Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, June 7th. Finally, DA Davidson lowered their price target on Enterprise Financial Services from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th.

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.