Aptus Capital Advisors LLC Acquires 15,916 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Aptus Capital Advisors LLC boosted its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 15.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 118,540 shares of the bank’s stock after acquiring an additional 15,916 shares during the quarter. Aptus Capital Advisors LLC owned 0.32% of Enterprise Financial Services worth $6,076,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EFSC. F M Investments LLC bought a new position in Enterprise Financial Services in the 2nd quarter valued at about $8,884,000. American Century Companies Inc. lifted its position in Enterprise Financial Services by 19.1% in the 2nd quarter. American Century Companies Inc. now owns 655,490 shares of the bank’s stock valued at $26,816,000 after acquiring an additional 104,960 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Enterprise Financial Services by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,084,093 shares of the bank’s stock valued at $85,257,000 after acquiring an additional 71,502 shares in the last quarter. Earnest Partners LLC lifted its position in Enterprise Financial Services by 3.2% in the 2nd quarter. Earnest Partners LLC now owns 1,955,988 shares of the bank’s stock valued at $80,019,000 after acquiring an additional 59,809 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Enterprise Financial Services during the 2nd quarter worth approximately $1,394,000. Institutional investors own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lifted their target price on shares of Enterprise Financial Services from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd.

Enterprise Financial Services Trading Down 0.6 %

Shares of EFSC stock opened at $59.84 on Wednesday. The company has a 50 day moving average of $52.25 and a 200-day moving average of $46.67. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services Corp has a 12-month low of $35.76 and a 12-month high of $61.68. The firm has a market cap of $2.22 billion, a P/E ratio of 12.68 and a beta of 0.96.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, October 21st. The bank reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.15. Enterprise Financial Services had a net margin of 19.73% and a return on equity of 10.81%. The company had revenue of $164.89 million during the quarter, compared to analyst estimates of $157.56 million. Sell-side analysts anticipate that Enterprise Financial Services Corp will post 4.77 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.87%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, December 16th. Enterprise Financial Services’s payout ratio is currently 22.88%.

Insider Activity at Enterprise Financial Services

In related news, Director Richard Sanborn sold 100,000 shares of Enterprise Financial Services stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $59.56, for a total value of $5,956,000.00. Following the completion of the transaction, the director now directly owns 40,950 shares in the company, valued at approximately $2,438,982. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is owned by company insiders.

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.