Charles Schwab Investment Management Inc. boosted its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 436,668 shares of the bank's stock after purchasing an additional 14,794 shares during the period. Charles Schwab Investment Management Inc. owned 1.18% of Enterprise Financial Services worth $24,628,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of EFSC. Versant Capital Management Inc acquired a new stake in Enterprise Financial Services during the 4th quarter valued at $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 buying an additional 804 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Enterprise Financial Services in the 3rd quarter valued at $102,000. FMR LLC increased its stake in shares of Enterprise Financial Services by 34.2% in the 3rd quarter. FMR LLC now owns 2,560 shares of the bank's stock valued at $131,000 after buying an additional 653 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Enterprise Financial Services by 169.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank's stock valued at $177,000 after buying an additional 2,172 shares during the period. 72.21% of the stock is owned by institutional investors and hedge funds.
Enterprise Financial Services Trading Down 1.1 %
Shares of Enterprise Financial Services stock traded down $0.60 during trading on Friday, reaching $55.03. 2,939,902 shares of the company were exchanged, compared to its average volume of 158,911. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services Corp has a twelve month low of $37.28 and a twelve month high of $63.13. The business has a 50-day moving average price of $58.21 and a 200-day moving average price of $56.09. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 11.37 and a beta of 0.97.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its earnings results on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. Sell-side analysts anticipate that Enterprise Financial Services Corp will post 4.97 EPS for the current fiscal year.
Enterprise Financial Services Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.29 dividend. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, March 14th. Enterprise Financial Services's dividend payout ratio is 23.97%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on EFSC. DA Davidson lifted their target price on Enterprise Financial Services from $67.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $70.00 target price (up from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th.
View Our Latest Stock Report on EFSC
Insiders Place Their Bets
In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of the stock in a transaction dated 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 in the company, valued at $903,186.09. This represents a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.30% of the company's stock.
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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