Vanguard Group Inc. boosted its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 0.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,089,008 shares of the bank's stock after acquiring an additional 13,724 shares during the period. Vanguard Group Inc. owned about 5.63% of Enterprise Financial Services worth $117,820,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in EFSC. FMR LLC raised its position in shares of Enterprise Financial Services by 34.2% during the 3rd 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Enterprise Financial Services by 2.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,506 shares of the bank's stock valued at $4,486,000 after acquiring an additional 2,452 shares in the last quarter. Quarry LP boosted its stake 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 last quarter. Stifel Financial Corp increased its position in shares of Enterprise Financial Services by 6.2% during the third quarter. Stifel Financial Corp now owns 24,615 shares of the bank's stock worth $1,262,000 after purchasing an additional 1,439 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in Enterprise Financial Services by 27.9% in the 3rd quarter. Jane Street Group LLC now owns 42,846 shares of the bank's stock valued at $2,196,000 after purchasing an additional 9,345 shares during the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $70.00 target price (up previously from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th. DA Davidson boosted their price target on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th.
Check Out Our Latest Stock Report on Enterprise Financial Services
Insider Buying and Selling
In other news, Director James M. Havel sold 5,525 shares of the company's stock in a transaction 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 owns 15,447 shares of the company's stock, valued at $903,186.09. This represents a 26.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.30% of the stock is currently owned by company insiders.
Enterprise Financial Services Trading Down 1.0 %
Enterprise Financial Services stock traded down $0.47 during trading on Friday, reaching $46.20. 235,700 shares of the company were exchanged, compared to its average volume of 174,191. The stock's 50 day simple moving average is $55.93 and its two-hundred day simple moving average is $56.13. The company has a market capitalization of $1.71 billion, a P/E ratio of 9.55 and a beta of 0.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. Enterprise Financial Services Corp has a 52-week low of $37.28 and a 52-week high of $63.13.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted 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 return on equity of 10.94% and a net margin of 20.12%. On average, equities 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.29 dividend. The ex-dividend date was Friday, March 14th. 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 yield of 2.51%. Enterprise Financial Services's dividend payout ratio is currently 23.97%.
Enterprise Financial Services Company 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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