Rhumbline Advisers Acquires 1,186 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Rhumbline Advisers lifted its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,761 shares of the bank’s stock after buying an additional 1,186 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of Enterprise Financial Services worth $2,895,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. nVerses Capital LLC purchased a new stake in Enterprise Financial Services in the second quarter worth $29,000. Innealta Capital LLC bought a new position in shares of Enterprise Financial Services in the second quarter worth about $31,000. EntryPoint Capital LLC increased its stake in Enterprise Financial Services by 87.4% in the 1st quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank’s stock worth $159,000 after buying an additional 1,831 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Enterprise Financial Services by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,380 shares of the bank’s stock worth $178,000 after buying an additional 370 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Enterprise Financial Services during the 1st quarter valued at about $178,000. 72.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their target price on shares of Enterprise Financial Services from $45.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th.

Enterprise Financial Services Price Performance

Shares of EFSC stock opened at $51.83 on Thursday. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 11.06 and a beta of 0.98. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Enterprise Financial Services Corp has a twelve month low of $32.97 and a twelve month high of $54.88. The stock has a fifty day simple moving average of $49.93 and a two-hundred day simple moving average of $42.86.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Monday, July 22nd. The bank reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. The company had revenue of $156.02 million during the quarter, compared to analyst estimates of $153.41 million. Enterprise Financial Services had a net margin of 19.61% and a return on equity of 10.95%. On average, analysts predict that Enterprise Financial Services Corp will post 4.6 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.27 per share. The ex-dividend date is Monday, September 16th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.08%. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 23.13%.

Insider Activity at Enterprise Financial Services

In other Enterprise Financial Services news, Director Richard Sanborn sold 94,815 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $53.73, for a total transaction of $5,094,409.95. Following the completion of the sale, the director now owns 139,460 shares in the company, valued at $7,493,185.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by corporate 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.