First Trust Advisors LP Sells 244,445 Shares of Enterprise Financial Services Corporation $EFSC

First Trust Advisors LP trimmed its holdings in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 16.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,226,799 shares of the bank’s stock after selling 244,445 shares during the quarter. First Trust Advisors LP’s holdings in Enterprise Financial Services were worth $66,382,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EFSC. AQR Capital Management LLC increased its stake in Enterprise Financial Services by 14.5% during the first quarter. AQR Capital Management LLC now owns 58,539 shares of the bank’s stock worth $3,146,000 after acquiring an additional 7,419 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Enterprise Financial Services by 3.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,762 shares of the bank’s stock valued at $1,169,000 after purchasing an additional 698 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Enterprise Financial Services by 10.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,398 shares of the bank’s stock valued at $5,718,000 after purchasing an additional 9,816 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of Enterprise Financial Services by 25.1% in the 1st quarter. Focus Partners Wealth now owns 5,398 shares of the bank’s stock valued at $290,000 after purchasing an additional 1,082 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Enterprise Financial Services by 46.1% in the 1st quarter. Intech Investment Management LLC now owns 25,082 shares of the bank’s stock valued at $1,348,000 after purchasing an additional 7,909 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Up 1.5%

Shares of NASDAQ EFSC opened at $65.99 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $2.41 billion, a P/E ratio of 13.12 and a beta of 0.79. Enterprise Financial Services Corporation has a 1 year low of $51.18 and a 1 year high of $68.73. The firm has a 50-day simple moving average of $63.57 and a two-hundred day simple moving average of $59.29.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.20). The business had revenue of $182.19 million for the quarter, compared to analysts’ expectations of $189.15 million. Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.73%. Research analysts anticipate that Enterprise Financial Services Corporation will post 5.49 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 Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.35 dividend. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.40 annualized dividend and a yield of 2.1%. Enterprise Financial Services’s dividend payout ratio is currently 27.04%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Piper Sandler boosted their target price on Enterprise Financial Services from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, June 18th. Keefe, Bruyette & Woods raised their price target on Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Wall Street Zen lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Finally, Raymond James Financial boosted their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.75.

Insider Buying and Selling

In other Enterprise Financial Services news, EVP Mark G. Ponder sold 1,250 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $60.55, for a total value of $75,687.50. Following the sale, the executive vice president owned 23,526 shares in the company, valued at $1,424,499.30. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is owned by company insiders.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.