Robeco Institutional Asset Management B.V. Purchases New Shares in Enterprise Financial Services Corporation (NASDAQ:EFSC)

Robeco Institutional Asset Management B.V. purchased a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,346 shares of the bank’s stock, valued at approximately $287,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EFSC. Raymond James Financial Inc. purchased a new stake in Enterprise Financial Services in the 4th quarter valued at $7,556,000. Nuveen Asset Management LLC raised its position in Enterprise Financial Services by 33.5% in the 4th quarter. Nuveen Asset Management LLC now owns 430,662 shares of the bank’s stock valued at $24,289,000 after purchasing an additional 107,996 shares during the last quarter. American Century Companies Inc. raised its position in Enterprise Financial Services by 12.9% in the 4th 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 during the last quarter. Vest Financial LLC purchased a new stake in Enterprise Financial Services in the 1st quarter valued at $3,423,000. Finally, Dimensional Fund Advisors LP raised its position in Enterprise Financial Services by 2.5% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Performance

Shares of EFSC opened at $56.52 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $2.09 billion, a P/E ratio of 11.08 and a beta of 0.86. The company’s fifty day moving average is $53.38 and its two-hundred day moving average is $54.94. Enterprise Financial Services Corporation has a 1 year low of $38.88 and a 1 year high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.14. The company had revenue of $18.48 million for the quarter, compared to analysts’ expectations of $162.83 million. Enterprise Financial Services had a net margin of 20.92% and a return on equity of 11.14%. On average, sell-side analysts predict that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, June 16th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.12%. Enterprise Financial Services’s dividend payout ratio is 23.53%.

Insiders Place Their Bets

In related news, Director Michael E. Finn purchased 1,500 shares of the stock in a transaction dated Friday, June 6th. The shares were acquired at an average cost of $52.50 per share, with a total value of $78,750.00. Following the purchase, the director directly owned 1,500 shares in the company, valued at $78,750. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO James Brian Lally sold 4,689 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $55.18, for a total transaction of $258,739.02. Following the transaction, the chief executive officer directly owned 106,974 shares in the company, 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. Over the last ninety days, insiders have sold 8,572 shares of company stock worth $472,667. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EFSC. Keefe, Bruyette & Woods dropped their price objective on shares of Enterprise Financial Services from $69.00 to $66.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. DA Davidson dropped their price objective on shares of Enterprise Financial Services from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Finally, Wall Street Zen cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday, June 7th.

Enterprise Financial Services 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.