Boston Partners Boosts Stock Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Boston Partners grew its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 145.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,275 shares of the bank's stock after buying an additional 25,678 shares during the quarter. Boston Partners owned 0.12% of Enterprise Financial Services worth $2,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Jane Street Group LLC boosted its position in Enterprise Financial Services by 27.9% in the third quarter. Jane Street Group LLC now owns 42,846 shares of the bank's stock worth $2,196,000 after purchasing an additional 9,345 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Enterprise Financial Services by 437.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,223 shares of the bank's stock valued at $1,310,000 after acquiring an additional 18,902 shares during the period. Franklin Resources Inc. raised its holdings in Enterprise Financial Services by 94.8% in the 3rd quarter. Franklin Resources Inc. now owns 46,727 shares of the bank's stock worth $2,391,000 after purchasing an additional 22,739 shares during the period. Geode Capital Management LLC lifted its position in Enterprise Financial Services by 0.9% during the third quarter. Geode Capital Management LLC now owns 892,030 shares of the bank's stock valued at $45,734,000 after purchasing an additional 8,180 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Enterprise Financial Services by 5.6% during the third quarter. JPMorgan Chase & Co. now owns 557,875 shares of the bank's stock valued at $28,597,000 after purchasing an additional 29,747 shares during the period. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, Director James M. Havel sold 5,525 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 15,447 shares of the company's stock, valued at $903,186.09. This trade represents a 26.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $70.00 price objective (up from $68.00) on shares of Enterprise Financial Services in a research report on Wednesday, January 29th. DA Davidson lifted their price target on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, January 29th.

Enterprise Financial Services Price Performance

Shares of Enterprise Financial Services stock traded down $0.17 on Wednesday, hitting $55.62. 157,488 shares of the company traded hands, compared to its average volume of 159,460. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. The business has a 50-day simple moving average of $58.23 and a 200 day simple moving average of $56.23. Enterprise Financial Services Corp has a 52 week low of $37.28 and a 52 week high of $63.13. The stock has a market capitalization 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 quarterly earnings results on Monday, January 27th. The bank reported $1.32 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%. Research analysts expect that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.29 dividend. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.09%. Enterprise Financial Services's payout ratio is presently 23.97%.

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.