Geode Capital Management LLC reduced its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 0.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 885,238 shares of the bank's stock after selling 6,792 shares during the period. Geode Capital Management LLC owned approximately 2.38% of Enterprise Financial Services worth $49,939,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Versant Capital Management Inc acquired a new stake in Enterprise Financial Services during the 4th quarter worth approximately $29,000. FMR LLC grew its position in Enterprise Financial Services by 34.2% in the 3rd 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. New York State Teachers Retirement System acquired a new position in Enterprise Financial Services in the 4th quarter valued at $191,000. HighTower Advisors LLC purchased a new position in Enterprise Financial Services during the 4th quarter worth $212,000. Finally, US Bancorp DE lifted its stake in shares of Enterprise Financial Services by 5.7% in the 4th quarter. US Bancorp DE now owns 4,095 shares of the bank's stock worth $231,000 after acquiring an additional 222 shares during the period. 72.21% of the stock is owned by hedge funds and other institutional investors.
Enterprise Financial Services Price Performance
Shares of NASDAQ:EFSC traded up $0.84 during trading on Tuesday, hitting $47.73. 189,692 shares of the stock were exchanged, compared to its average volume of 174,938. The company has a market cap of $1.76 billion, a PE ratio of 9.86 and a beta of 0.84. 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 company has a fifty day moving average price of $55.36 and a two-hundred day moving average price of $56.04. Enterprise Financial Services Corp has a 12-month low of $37.28 and a 12-month high of $63.13.
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, beating 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%. On average, analysts forecast that Enterprise Financial Services Corp will post 4.97 EPS for the current year.
Enterprise Financial Services Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.29 per share. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.43%. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.28. Enterprise Financial Services's payout ratio is presently 23.97%.
Insider Buying and Selling at Enterprise Financial Services
In related news, Director James M. Havel sold 5,525 shares of Enterprise Financial Services stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 15,447 shares in the company, valued at $903,186.09. The trade was a 26.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.30% of the company's stock.
Analyst Upgrades and Downgrades
EFSC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $70.00 price objective (up previously from $68.00) on shares of Enterprise Financial Services in a research report on Wednesday, January 29th. DA Davidson upped their price objective on 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 Stock 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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