Foundry Partners LLC increased its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 30.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 171,143 shares of the bank's stock after purchasing an additional 40,274 shares during the quarter. Foundry Partners LLC owned 0.46% of Enterprise Financial Services worth $9,652,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in EFSC. US Bancorp DE increased its stake in Enterprise Financial Services by 5.7% during the 4th quarter. US Bancorp DE now owns 4,095 shares of the bank's stock worth $231,000 after buying an additional 222 shares during the period. Prudential Financial Inc. grew its stake in shares of Enterprise Financial Services by 1.1% during the fourth quarter. Prudential Financial Inc. now owns 27,696 shares of the bank's stock worth $1,629,000 after purchasing an additional 293 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in Enterprise Financial Services by 1.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 31,233 shares of the bank's stock valued at $1,762,000 after buying an additional 297 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in 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 worth $403,000 after purchasing an additional 502 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new stake in Enterprise Financial Services in the fourth quarter valued at $29,000. 72.21% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on EFSC shares. DA Davidson raised their target price on shares of 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 reissued an "outperform" rating and set a $70.00 price target (up previously from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th.
Read Our Latest Stock Analysis on Enterprise Financial Services
Enterprise Financial Services Trading Down 2.5 %
NASDAQ EFSC traded down $1.20 during mid-day trading on Wednesday, reaching $46.70. 46,139 shares of the stock were exchanged, compared to its average volume of 170,861. Enterprise Financial Services Corp has a 1-year low of $37.28 and a 1-year high of $63.13. The stock has a market capitalization of $1.73 billion, a PE ratio of 9.59 and a beta of 0.84. The business's fifty day simple moving average is $56.87 and its 200 day simple moving average is $56.21. 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 released 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 net margin of 20.12% and a return on equity of 10.94%. On average, 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 firm also recently announced 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 2.48%. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.28. The ex-dividend date was Friday, March 14th. Enterprise Financial Services's payout ratio is presently 23.97%.
Insider Buying and Selling
In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $58.47, for a total value 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. This represents a 26.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.30% of the company's stock.
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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