Intech Investment Management LLC boosted its stake in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 196.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,173 shares of the bank's stock after buying an additional 11,385 shares during the quarter. Intech Investment Management LLC's holdings in Enterprise Financial Services were worth $969,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of EFSC. Versant Capital Management Inc purchased a new stake in shares of Enterprise Financial Services in the fourth quarter valued at about $29,000. Quarry LP increased its stake in Enterprise Financial Services by 2,593.5% in the 3rd 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 Enterprise Financial Services in the 3rd quarter valued at about $102,000. FMR LLC boosted its stake in shares of Enterprise Financial Services by 34.2% in the 3rd quarter. FMR LLC now owns 2,560 shares of the bank's stock worth $131,000 after buying 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% in the third quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank's stock valued at $177,000 after acquiring an additional 2,172 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors.
Enterprise Financial Services Stock Performance
Shares of Enterprise Financial Services stock traded down $0.17 on Wednesday, reaching $55.62. 157,488 shares of the company traded hands, compared to its average volume of 159,460. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $2.06 billion, a PE ratio of 11.49 and a beta of 0.97. The company has a 50 day moving average of $58.23 and a 200 day moving average of $56.23. 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 released its earnings results on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. Equities analysts forecast that Enterprise Financial Services Corp will post 4.97 earnings per share for the current 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 given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Friday, March 14th. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.28. Enterprise Financial Services's dividend payout ratio (DPR) is currently 23.97%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on EFSC. DA Davidson lifted their price target on Enterprise Financial Services from $67.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $70.00 target price (up from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th.
Get Our Latest Report on EFSC
Insider Transactions at Enterprise Financial Services
In other news, Director James M. Havel sold 5,525 shares of the stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.30% of the company's stock.
Enterprise Financial Services Profile
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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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