Fisher Asset Management LLC lifted its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 37.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,195 shares of the bank's stock after buying an additional 20,033 shares during the period. Fisher Asset Management LLC owned approximately 0.20% of Enterprise Financial Services worth $4,185,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc purchased a new stake in shares of Enterprise Financial Services during the fourth quarter valued at $29,000. Quarry LP boosted 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 valued at $43,000 after buying an additional 804 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Enterprise Financial Services during the third quarter valued at $102,000. FMR LLC boosted its position 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 buying an additional 653 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Enterprise Financial Services by 169.7% during the third quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank's stock valued at $177,000 after buying an additional 2,172 shares during the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director James M. Havel sold 5,525 shares of Enterprise Financial Services stock in a transaction dated 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 $903,186.09. The trade was a 26.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.30% of the company's stock.
Enterprise Financial Services Stock Performance
NASDAQ:EFSC traded down $0.17 on Friday, hitting $56.58. The stock had a trading volume of 139,500 shares, compared to its average volume of 165,591. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 11.69 and a beta of 0.97. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The business's 50-day simple moving average is $58.24 and its two-hundred day simple moving average is $55.80. Enterprise Financial Services Corp has a 52-week low of $37.28 and a 52-week high of $63.13.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its earnings results on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. As a group, research analysts predict that Enterprise Financial Services Corp will post 4.97 earnings per share for the current year.
Enterprise Financial Services Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.29 per share. This is a boost 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 2.05%. The ex-dividend date is Friday, March 14th. Enterprise Financial Services's payout ratio is presently 23.97%.
Analysts Set New Price Targets
Several research firms recently commented on EFSC. DA Davidson increased their price objective on Enterprise Financial Services from $67.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $70.00 target price (up from $68.00) on shares of Enterprise Financial Services in a research report on Wednesday, January 29th.
Get Our Latest Report on Enterprise Financial Services
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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