JPMorgan Chase & Co. Grows Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

JPMorgan Chase & Co. increased its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 565,314 shares of the bank's stock after purchasing an additional 7,439 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.52% of Enterprise Financial Services worth $31,884,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EFSC. Versant Capital Management Inc bought a new position in Enterprise Financial Services in the fourth quarter worth about $29,000. Quarry LP raised its stake in shares of Enterprise Financial Services by 2,593.5% during the 3rd quarter. Quarry LP now owns 835 shares of the bank's stock worth $43,000 after acquiring an additional 804 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Enterprise Financial Services during the third quarter valued at approximately $102,000. FMR LLC lifted its position in Enterprise Financial Services by 34.2% during the third quarter. FMR LLC now owns 2,560 shares of the bank's stock valued at $131,000 after acquiring an additional 653 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in Enterprise Financial Services in the fourth quarter valued at approximately $191,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Enterprise Financial Services

In other news, Director James M. Havel sold 5,525 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $58.47, for a total value of $323,046.75. Following the sale, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company's stock.

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Enterprise Financial Services Stock Performance

NASDAQ:EFSC traded down $0.47 during trading hours on Friday, hitting $46.20. 235,700 shares of the company were exchanged, compared to its average volume of 173,936. 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. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 9.55 and a beta of 0.84. The company's 50 day moving average price is $55.93 and its 200-day moving average price is $56.09.

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 for the quarter, beating 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%. As a group, research analysts forecast that Enterprise Financial Services Corp will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, March 14th. 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 2.51%. Enterprise Financial Services's dividend payout ratio is currently 23.97%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $70.00 price objective (up previously from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th. DA Davidson increased 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.

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.