Raymond James Financial Inc. purchased a new stake in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 133,975 shares of the bank's stock, valued at approximately $7,556,000. Raymond James Financial Inc. owned 0.36% of Enterprise Financial Services as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc bought a new stake in Enterprise Financial Services in the fourth quarter valued at about $29,000. Quarry LP increased its stake in shares of Enterprise Financial Services by 2,593.5% in the 3rd quarter. Quarry LP now owns 835 shares of the bank's stock valued at $43,000 after acquiring an additional 804 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Enterprise Financial Services in the 3rd quarter valued at approximately $102,000. FMR LLC boosted its stake in Enterprise Financial Services by 34.2% during the 3rd quarter. FMR LLC now owns 2,560 shares of the bank's stock worth $131,000 after acquiring an additional 653 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new position in Enterprise Financial Services during the fourth quarter valued at approximately $191,000. 72.21% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, Director James M. Havel sold 5,525 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $58.47, for a total value of $323,046.75. Following the sale, the director now owns 15,447 shares in the company, valued at approximately $903,186.09. This represents a 26.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.30% of the company's stock.
Analysts Set New Price Targets
EFSC has been the topic of a number of recent analyst reports. DA Davidson lifted their price target on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $70.00 target price (up from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th.
Get Our Latest Stock Report on Enterprise Financial Services
Enterprise Financial Services Stock Down 0.3 %
EFSC traded down $0.17 during trading on Wednesday, reaching $55.62. The company had a trading volume of 157,388 shares, compared to its average volume of 159,460. The business's fifty day moving average price is $58.23 and its 200 day moving average price is $56.23. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. Enterprise Financial Services Corp has a 12 month low of $37.28 and a 12 month high of $63.13. The company has a market cap of $2.06 billion, a P/E ratio of 11.49 and a beta of 0.97.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its earnings results on Monday, January 27th. The bank reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. Equities analysts anticipate that Enterprise Financial Services Corp will post 4.97 EPS for the current year.
Enterprise Financial Services Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.09%. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.28. Enterprise Financial Services's dividend payout ratio is currently 23.97%.
Enterprise Financial Services Profile
(
Free Report)
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.
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