Parkside Financial Bank & Trust Acquires 224 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Parkside Financial Bank & Trust raised its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,133 shares of the bank’s stock after buying an additional 224 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Enterprise Financial Services were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of EFSC. F M Investments LLC purchased a new position in Enterprise Financial Services during the second quarter valued at $8,884,000. Wellington Management Group LLP grew its position in shares of Enterprise Financial Services by 7.0% during the fourth quarter. Wellington Management Group LLP now owns 2,295,011 shares of the bank’s stock valued at $102,472,000 after purchasing an additional 150,023 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Enterprise Financial Services by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,912,329 shares of the bank’s stock worth $85,387,000 after purchasing an additional 99,703 shares during the last quarter. Enterprise Financial Services Corp increased its holdings in shares of Enterprise Financial Services by 16.8% in the fourth quarter. Enterprise Financial Services Corp now owns 404,058 shares of the bank’s stock worth $18,041,000 after purchasing an additional 58,027 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Enterprise Financial Services by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 1,994,848 shares of the bank’s stock worth $89,070,000 after buying an additional 48,583 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Down 0.8 %

Shares of NASDAQ:EFSC opened at $50.40 on Friday. The firm has a market capitalization of $1.89 billion, a PE ratio of 10.79 and a beta of 0.98. The business has a 50 day simple moving average of $48.34 and a two-hundred day simple moving average of $42.30. Enterprise Financial Services Corp has a 1 year low of $32.97 and a 1 year high of $54.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.92 and a quick ratio of 0.92.

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

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, September 16th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 2.14%. Enterprise Financial Services’s payout ratio is 23.13%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Enterprise Financial Services

In other news, Director Richard Sanborn sold 94,815 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $53.73, for a total value of $5,094,409.95. Following the completion of the sale, the director now owns 139,460 shares in the company, valued at approximately $7,493,185.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.30% of the company’s stock.

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.