Connor Clark & Lunn Investment Management Ltd. Has $1.31 Million Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Connor Clark & Lunn Investment Management Ltd. grew its position in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 437.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,223 shares of the bank's stock after buying an additional 18,902 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of Enterprise Financial Services worth $1,310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new position in shares of Enterprise Financial Services in the 4th quarter valued at approximately $29,000. Quarry LP grew its holdings 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 valued at $43,000 after purchasing an additional 804 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Enterprise Financial Services during the 3rd quarter valued at approximately $102,000. FMR LLC grew 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 valued at $131,000 after purchasing an additional 653 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Enterprise Financial Services by 169.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank's stock valued at $177,000 after purchasing an additional 2,172 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

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Enterprise Financial Services Trading Down 1.1 %

EFSC traded down $0.60 during trading on Friday, reaching $55.03. 2,939,902 shares of the company's stock were exchanged, compared to its average volume of 159,099. Enterprise Financial Services Corp has a one year low of $37.28 and a one year high of $63.13. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.03 billion, a PE ratio of 11.37 and a beta of 0.97. The firm has a fifty day moving average price of $58.21 and a two-hundred day moving average price of $56.12.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its earnings results 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 net margin of 20.12% and a return on equity of 10.94%. As a group, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.11%. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.28. The ex-dividend date is Friday, March 14th. Enterprise Financial Services's payout ratio is presently 23.97%.

Insiders Place Their Bets

In other news, Director James M. Havel sold 5,525 shares of the company's 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 directly owns 15,447 shares of the company's stock, valued at approximately $903,186.09. This represents a 26.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

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