Sei Investments Co. Boosts Stock Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Sei Investments Co. grew its stake in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 21.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,841 shares of the bank's stock after purchasing an additional 11,446 shares during the period. Sei Investments Co. owned approximately 0.18% of Enterprise Financial Services worth $3,713,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in Enterprise Financial Services during the 4th quarter valued at about $29,000. Quarry LP increased its position in shares of Enterprise Financial Services by 2,593.5% during 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 stake in shares of Enterprise Financial Services during the third quarter valued at approximately $102,000. FMR LLC boosted its holdings in shares of Enterprise Financial Services by 34.2% in the third quarter. FMR LLC now owns 2,560 shares of the bank's stock valued at $131,000 after purchasing an additional 653 shares during the period. Finally, Systematic Financial Management LP bought a new position in Enterprise Financial Services in the third quarter worth approximately $181,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

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 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. This represents a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is currently owned by company insiders.

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Enterprise Financial Services Stock Down 2.2 %

Enterprise Financial Services stock traded down $1.09 during mid-day trading on Friday, reaching $47.86. 275,472 shares of the company were exchanged, compared to its average volume of 169,903. Enterprise Financial Services Corp has a 12-month low of $37.28 and a 12-month high of $63.13. The business has a fifty day moving average of $57.55 and a 200 day moving average of $56.31. The firm has a market cap of $1.77 billion, a P/E ratio of 9.89 and a beta of 0.84. 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 (NASDAQ:EFSC - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The bank reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. Research analysts anticipate that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal 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 given a $0.29 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.42%. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.28. Enterprise Financial Services's payout ratio is presently 23.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. DA Davidson increased their price target on Enterprise Financial Services from $67.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $70.00 target price (up from $68.00) on shares of Enterprise Financial Services in a report 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.