Enterprise Financial Services Corporation (NASDAQ:EFSC) Shares Purchased by Foundry Partners LLC

Foundry Partners LLC increased its position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,120 shares of the bank’s stock after acquiring an additional 2,977 shares during the period. Foundry Partners LLC’s holdings in Enterprise Financial Services were worth $9,357,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EFSC. Raymond James Financial Inc. acquired a new stake in Enterprise Financial Services in the 4th quarter worth approximately $7,556,000. Nuveen Asset Management LLC lifted its holdings in shares of 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 last quarter. American Century Companies Inc. raised its stake in shares of Enterprise Financial Services by 12.9% in the fourth quarter. American Century Companies Inc. now owns 847,939 shares of the bank’s stock valued at $47,824,000 after purchasing an additional 96,822 shares in the last quarter. Vest Financial LLC acquired a new position in shares of Enterprise Financial Services in the first quarter valued at $3,423,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Enterprise Financial Services by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,215,368 shares of the bank’s stock valued at $124,947,000 after purchasing an additional 54,987 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on EFSC shares. 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 research note on Wednesday, April 30th. DA Davidson cut their price objective 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. Finally, Wall Street Zen cut Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, June 7th.

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 Friday, June 6th. The stock was bought at an average cost of $52.50 per share, with a total value of $78,750.00. Following the acquisition, the director directly owned 1,500 shares of the company’s stock, valued at approximately $78,750. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James Brian Lally sold 4,689 shares of the 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 transaction, the chief executive officer directly owned 106,974 shares of the company’s stock, valued at approximately $5,902,825.32. This trade represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,572 shares of company stock worth $472,667. Company insiders own 2.30% of the company’s stock.

Enterprise Financial Services Stock Down 0.2%

Shares of EFSC opened at $58.63 on Friday. The business’s 50 day moving average is $54.62 and its 200 day moving average is $55.00. The company has a market capitalization of $2.17 billion, a PE ratio of 11.50 and a beta of 0.86. Enterprise Financial Services Corporation has a 12-month low of $45.22 and a 12-month high of $63.13. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.34.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.14. Enterprise Financial Services had a return on equity of 11.14% and a net margin of 20.92%. The company had revenue of $18.48 million during the quarter, compared to analysts’ expectations of $162.83 million. 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 company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.29. Enterprise Financial Services’s dividend payout ratio (DPR) 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.