Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Sold by Enterprise Financial Services Corp

Enterprise Financial Services Corp lowered its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 363,382 shares of the bank's stock after selling 19,633 shares during the period. Enterprise Financial Services accounts for approximately 11.4% of Enterprise Financial Services Corp's investment portfolio, making the stock its biggest holding. Enterprise Financial Services Corp owned approximately 0.98% of Enterprise Financial Services worth $20,495,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in Enterprise Financial Services by 27.9% during the 3rd quarter. Jane Street Group LLC now owns 42,846 shares of the bank's stock worth $2,196,000 after acquiring an additional 9,345 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Enterprise Financial Services by 94.8% in the 3rd quarter. Franklin Resources Inc. now owns 46,727 shares of the bank's stock valued at $2,391,000 after purchasing an additional 22,739 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Enterprise Financial Services by 0.9% in the 3rd 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. JPMorgan Chase & Co. boosted its holdings in shares of Enterprise Financial Services by 5.6% in the 3rd 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Enterprise Financial Services by 2.9% in the 3rd 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 purchasing an additional 2,452 shares in the last quarter. Institutional investors own 72.21% of the company's stock.

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Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of Enterprise Financial Services stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $58.47, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.30% of the company's stock.

Enterprise Financial Services Price Performance

Shares of NASDAQ EFSC traded down $0.16 during mid-day trading on Thursday, hitting $54.61. 166,437 shares of the stock traded hands, compared to its average volume of 168,751. 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 twelve month low of $37.28 and a twelve month high of $63.13. The company has a market cap of $2.02 billion, a PE ratio of 11.28 and a beta of 0.97. The firm has a 50 day simple moving average of $58.13 and a two-hundred day simple moving average of $55.96.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The bank reported $1.32 earnings per share for the quarter, beating 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%. As a group, equities research analysts forecast that Enterprise Financial Services Corp will post 4.97 EPS 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. Investors of record on Friday, March 14th will be issued a dividend of $0.29 per share. 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 annualized dividend and a dividend yield of 2.12%. Enterprise Financial Services's dividend payout ratio (DPR) is 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.