Proficio Capital Partners LLC purchased a new position 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 firm purchased 14,495 shares of the bank's stock, valued at approximately $818,000.
A number of other hedge funds have also recently modified their holdings of EFSC. US Bancorp DE grew its position in shares of Enterprise Financial Services by 46.2% in the 3rd quarter. US Bancorp DE now owns 3,873 shares of the bank's stock worth $199,000 after buying an additional 1,223 shares during the last quarter. Meritage Portfolio Management purchased a new stake in Enterprise Financial Services in the third quarter worth $209,000. GSA Capital Partners LLP purchased a new stake in Enterprise Financial Services in the third quarter worth $1,417,000. Aptus Capital Advisors LLC boosted its holdings in Enterprise Financial Services by 15.5% in the third quarter. Aptus Capital Advisors LLC now owns 118,540 shares of the bank's stock valued at $6,076,000 after acquiring an additional 15,916 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Enterprise Financial Services by 21.0% during the 3rd quarter. Empowered Funds LLC now owns 117,328 shares of the bank's stock valued at $6,014,000 after purchasing an additional 20,398 shares during the period. Hedge funds and other institutional investors own 72.21% of the company's stock.
Insider Transactions at Enterprise Financial Services
In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of Enterprise Financial Services stock in a transaction on Friday, February 28th. The stock was sold at an average price of $58.47, for a total transaction of $323,046.75. Following the completion of the transaction, the director now owns 15,447 shares in the company, valued at approximately $903,186.09. The trade was a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company's stock.
Enterprise Financial Services Stock Up 1.2 %
EFSC traded up $0.64 during trading on Wednesday, reaching $54.94. The stock had a trading volume of 140,663 shares, compared to its average volume of 166,442. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 11.34 and a beta of 0.97. The stock's 50 day moving average is $58.17 and its two-hundred day moving average is $55.97. Enterprise Financial Services Corp has a one year low of $37.28 and a one year high of $63.13.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. As a group, analysts expect that Enterprise Financial Services Corp 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 will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.29 dividend. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, March 14th. Enterprise Financial Services's payout ratio is currently 23.97%.
Analyst Ratings Changes
EFSC has been the subject of several research analyst reports. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $70.00 target price (up from $68.00) on shares of Enterprise Financial Services in a research report on Wednesday, January 29th. DA Davidson raised their price objective on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th.
Check Out Our Latest Stock Report on Enterprise Financial Services
About Enterprise Financial Services
(
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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