Denali Advisors LLC Has $6.88 Million Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Denali Advisors LLC increased its stake in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 102.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,992 shares of the bank's stock after purchasing an additional 61,806 shares during the period. Enterprise Financial Services makes up 0.7% of Denali Advisors LLC's holdings, making the stock its 29th biggest holding. Denali Advisors LLC owned 0.33% of Enterprise Financial Services worth $6,880,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. PL Capital Advisors LLC grew its position in Enterprise Financial Services by 5,540.0% in the fourth quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank's stock valued at $2,238,852,000 after acquiring an additional 38,992,127 shares during the last quarter. New York State Common Retirement Fund grew its position in Enterprise Financial Services by 48.4% in the fourth quarter. New York State Common Retirement Fund now owns 67,186 shares of the bank's stock valued at $3,789,000 after acquiring an additional 21,922 shares during the last quarter. Peregrine Capital Management LLC grew its position in Enterprise Financial Services by 9.9% in the fourth quarter. Peregrine Capital Management LLC now owns 106,030 shares of the bank's stock valued at $5,980,000 after acquiring an additional 9,565 shares during the last quarter. Principal Financial Group Inc. grew its position in Enterprise Financial Services by 7.0% in the fourth quarter. Principal Financial Group Inc. now owns 17,252 shares of the bank's stock valued at $973,000 after acquiring an additional 1,128 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new position in Enterprise Financial Services in the fourth quarter valued at about $191,000. Institutional investors own 72.21% of the company's stock.

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Enterprise Financial Services Trading Up 0.9 %

Shares of EFSC stock traded up $0.52 during mid-day trading on Friday, reaching $59.08. 190,481 shares of the stock traded hands, compared to its average volume of 166,892. The stock's fifty day simple moving average is $58.19 and its two-hundred day simple moving average is $55.56. Enterprise Financial Services Corp has a 1-year low of $37.28 and a 1-year high of $63.13. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 12.21 and a beta of 0.99. 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 (NASDAQ:EFSC - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The bank reported $1.32 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%. On average, research analysts anticipate that Enterprise Financial Services Corp will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.29 dividend. This is a positive change 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 1.96%. The ex-dividend date is Friday, March 14th. Enterprise Financial Services's payout ratio is currently 23.97%.

Wall Street Analysts Forecast Growth

EFSC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $70.00 price target (up from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th. DA Davidson lifted their price target 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.

About Enterprise Financial Services

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.