Sei Investments Co. Has $3.71 Million Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Sei Investments Co. raised its position in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 21.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,841 shares of the bank's stock after acquiring an additional 11,446 shares during the period. Sei Investments Co. owned about 0.18% of Enterprise Financial Services worth $3,713,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of EFSC. Versant Capital Management Inc acquired a new position in shares of Enterprise Financial Services in the fourth quarter valued at $29,000. Quarry LP increased its holdings in Enterprise Financial Services by 2,593.5% in the 3rd quarter. Quarry LP now owns 835 shares of the bank's stock valued at $43,000 after buying an additional 804 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Enterprise Financial Services in the 3rd quarter valued at $102,000. FMR LLC lifted its holdings 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 acquiring an additional 653 shares during the period. Finally, Systematic Financial Management LP bought a new position in shares of Enterprise Financial Services during the 3rd quarter worth about $181,000. Institutional investors own 72.21% of the company's stock.

Insider Activity at Enterprise Financial Services

In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $58.47, for a total value of $323,046.75. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by corporate insiders.

Enterprise Financial Services Trading Down 0.2 %

NASDAQ:EFSC traded down $0.09 during mid-day trading on Monday, hitting $47.77. The company had a trading volume of 377,708 shares, compared to its average volume of 170,730. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. Enterprise Financial Services Corp has a fifty-two week low of $37.28 and a fifty-two week high of $63.13. The firm has a market cap of $1.77 billion, a P/E ratio of 9.87 and a beta of 0.84. The business's fifty day moving average is $57.36 and its two-hundred day moving average is $56.30.

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, topping the consensus estimate 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 expect 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 declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.43%. This is a boost 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 dividend payout ratio (DPR) is currently 23.97%.

Analyst Upgrades and Downgrades

EFSC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $70.00 price objective (up from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th. DA Davidson raised their price target on Enterprise Financial Services from $67.00 to $70.00 and gave the company a "buy" rating in a report 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.