Sei Investments Co. Sells 24,210 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Sei Investments Co. reduced its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 30.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,118 shares of the bank's stock after selling 24,210 shares during the period. Sei Investments Co. owned approximately 0.14% of Enterprise Financial Services worth $2,214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EFSC. Rafferty Asset Management LLC grew its position in Enterprise Financial Services by 25.8% in the fourth quarter. Rafferty Asset Management LLC now owns 33,070 shares of the bank's stock worth $1,477,000 after acquiring an additional 6,779 shares in the last quarter. Cullen Capital Management LLC purchased a new position in shares of Enterprise Financial Services in the 4th quarter worth approximately $379,000. LM Advisors LLC purchased a new position in shares of Enterprise Financial Services in the 4th quarter worth approximately $484,000. BHZ Capital Management LP bought a new position in shares of Enterprise Financial Services during the 4th quarter valued at approximately $692,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in Enterprise Financial Services by 31.4% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 44,155 shares of the bank's stock valued at $1,972,000 after buying an additional 10,545 shares during the period. 72.21% of the stock is currently owned by institutional investors.

Enterprise Financial Services Trading Up 1.5 %

EFSC stock traded up $0.75 during mid-day trading on Friday, reaching $49.94. The company had a trading volume of 130,762 shares, compared to its average volume of 144,281. The company has a market capitalization of $1.87 billion, a PE ratio of 10.69 and a beta of 0.97. The firm has a 50 day moving average of $50.72 and a 200 day moving average of $43.86. Enterprise Financial Services Corp has a 12 month low of $32.97 and a 12 month 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 - Get Free Report) last released its quarterly earnings data on Monday, July 22nd. The bank reported $1.21 EPS for the quarter, topping the consensus estimate of $1.06 by $0.15. The company had revenue of $156.02 million for the quarter, compared to the consensus estimate of $153.41 million. Enterprise Financial Services had a return on equity of 10.95% and a net margin of 19.61%. On average, equities analysts predict that Enterprise Financial Services Corp will post 4.6 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.27 dividend. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Monday, September 16th. Enterprise Financial Services's payout ratio is presently 23.13%.

Insider Buying and Selling

In other Enterprise Financial Services news, Director Richard Sanborn sold 94,815 shares of the firm's stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $53.73, for a total transaction of $5,094,409.95. Following the transaction, the director now owns 139,460 shares of the company's stock, valued at approximately $7,493,185.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their price objective on shares of Enterprise Financial Services from $45.00 to $58.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th.

Enterprise Financial Services Company 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.