PL Capital Advisors LLC grew its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 5,540.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,695,956 shares of the bank's stock after purchasing an additional 38,992,127 shares during the period. Enterprise Financial Services makes up 26.2% of PL Capital Advisors LLC's investment portfolio, making the stock its biggest holding. PL Capital Advisors LLC owned about 106.91% of Enterprise Financial Services worth $2,238,852,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Enterprise Financial Services by 7.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,141 shares of the bank's stock valued at $403,000 after purchasing an additional 502 shares during the period. Versant Capital Management Inc acquired a new position in shares of Enterprise Financial Services during the fourth quarter valued at about $29,000. Harbor Capital Advisors Inc. raised its holdings in shares of Enterprise Financial Services by 6.0% during the third quarter. Harbor Capital Advisors Inc. now owns 11,339 shares of the bank's stock valued at $581,000 after purchasing an additional 645 shares during the period. FMR LLC raised its holdings in shares of 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 purchasing an additional 653 shares during the period. Finally, Quarry LP raised its holdings 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 valued at $43,000 after purchasing an additional 804 shares during the period. Institutional investors and hedge funds own 72.21% of the company's stock.
Enterprise Financial Services Stock Up 0.9 %
Shares of EFSC traded up $0.52 on Friday, reaching $59.08. The company's stock had a trading volume of 190,481 shares, compared to its average volume of 166,892. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services Corp has a twelve month low of $37.28 and a twelve month high of $63.13. The stock has a market capitalization of $2.19 billion, a PE ratio of 12.21 and a beta of 0.99. The firm has a fifty day moving average of $58.19 and a 200-day moving average of $55.56.
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%. Equities analysts predict that Enterprise Financial Services Corp will post 4.97 EPS for the current year.
Enterprise Financial Services Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.29 dividend. This is a positive change 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 yield of 1.96%. Enterprise Financial Services's dividend payout ratio (DPR) is 23.97%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on EFSC shares. 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 upped their target price on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th.
View Our Latest Report on EFSC
About Enterprise Financial Services
(
Free Report)
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.
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