Endeavour Capital Advisors Inc. Sells 40,933 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Endeavour Capital Advisors Inc. cut its stake in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 30.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,983 shares of the bank's stock after selling 40,933 shares during the quarter. Enterprise Financial Services accounts for about 1.7% of Endeavour Capital Advisors Inc.'s investment portfolio, making the stock its 19th largest holding. Endeavour Capital Advisors Inc. owned 0.25% of Enterprise Financial Services worth $5,188,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in Enterprise Financial Services in the 4th quarter worth approximately $29,000. Quarry LP grew its holdings in shares of Enterprise Financial Services by 2,593.5% in the third quarter. Quarry LP now owns 835 shares of the bank's stock worth $43,000 after acquiring an additional 804 shares during the period. Point72 DIFC Ltd bought a new position in Enterprise Financial Services in the third quarter valued at about $102,000. FMR LLC boosted its position in Enterprise Financial Services by 34.2% in the third quarter. FMR LLC now owns 2,560 shares of the bank's stock worth $131,000 after purchasing an additional 653 shares during the last quarter. Finally, Systematic Financial Management LP bought a new stake in shares of Enterprise Financial Services during the 3rd quarter valued at about $181,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EFSC shares. 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. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $70.00 price target (up previously from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th.

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Enterprise Financial Services Stock Performance

Enterprise Financial Services stock traded down $0.31 during midday trading on Monday, hitting $47.55. The stock had a trading volume of 105,387 shares, compared to its average volume of 169,667. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services Corp has a 52-week low of $37.28 and a 52-week high of $63.13. The company has a market capitalization of $1.76 billion, a PE ratio of 9.82 and a beta of 0.84. The firm's fifty day moving average is $57.55 and its two-hundred day moving average is $56.34.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) 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%. On average, research analysts forecast that Enterprise Financial Services Corp will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.44%. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, March 14th. Enterprise Financial Services's payout ratio is presently 23.97%.

Insider Transactions at Enterprise Financial Services

In related news, Director James M. Havel sold 5,525 shares of the business'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 transaction, the director now directly owns 15,447 shares of the company's stock, valued at approximately $903,186.09. The trade was a 26.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.30% of the company's stock.

Enterprise Financial Services Company 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.