Jag Capital Management LLC Buys 3,239 Shares of Enterprise Financial Services Corporation $EFSC

Jag Capital Management LLC increased its stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 41.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,144 shares of the bank’s stock after acquiring an additional 3,239 shares during the quarter. Jag Capital Management LLC’s holdings in Enterprise Financial Services were worth $614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in shares of Enterprise Financial Services in the first quarter worth approximately $28,000. Summit Securities Group LLC bought a new stake in Enterprise Financial Services in the 1st quarter worth $32,000. PNC Financial Services Group Inc. grew its holdings in Enterprise Financial Services by 302.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 793 shares of the bank’s stock worth $43,000 after acquiring an additional 596 shares during the last quarter. CWM LLC grew its holdings in Enterprise Financial Services by 83.6% in the 1st quarter. CWM LLC now owns 1,252 shares of the bank’s stock worth $67,000 after acquiring an additional 570 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Enterprise Financial Services in the second quarter worth about $70,000. 72.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EFSC has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $64.33.

Enterprise Financial Services Stock Performance

Enterprise Financial Services stock opened at $56.23 on Tuesday. The stock’s 50 day simple moving average is $58.64 and its two-hundred day simple moving average is $55.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 10.67 and a beta of 0.88. Enterprise Financial Services Corporation has a fifty-two week low of $45.22 and a fifty-two week high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, July 28th. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.17. Enterprise Financial Services had a return on equity of 11.19% and a net margin of 21.28%.The business had revenue of $176.05 million for the quarter, compared to analysts’ expectations of $166.82 million. As a group, analysts expect that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.31 per share. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.2%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 23.53%.

Insider Activity at Enterprise Financial Services

In other Enterprise Financial Services news, Director Michael E. Finn bought 1,500 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were purchased at an average price of $54.11 per share, for a total transaction of $81,165.00. Following the acquisition, the director owned 3,000 shares in the company, valued at approximately $162,330. This represents a 100.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.

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.