Jennison Associates LLC Has $31.97 Million Stake in Enterprise Financial Services Corp (NASDAQ:EFSC)

Jennison Associates LLC grew its position in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 28.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 566,780 shares of the bank's stock after buying an additional 125,150 shares during the period. Jennison Associates LLC owned 1.53% of Enterprise Financial Services worth $31,966,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC increased its holdings in shares of Enterprise Financial Services by 27.9% in the third quarter. Jane Street Group LLC now owns 42,846 shares of the bank's stock worth $2,196,000 after acquiring an additional 9,345 shares in the last quarter. Franklin Resources Inc. increased its stake in Enterprise Financial Services by 94.8% during the 3rd quarter. Franklin Resources Inc. now owns 46,727 shares of the bank's stock worth $2,391,000 after purchasing an additional 22,739 shares in the last quarter. Geode Capital Management LLC raised its holdings in Enterprise Financial Services by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 892,030 shares of the bank's stock worth $45,734,000 after buying an additional 8,180 shares during the period. JPMorgan Chase & Co. lifted its stake in Enterprise Financial Services by 5.6% in the third quarter. JPMorgan Chase & Co. now owns 557,875 shares of the bank's stock valued at $28,597,000 after buying an additional 29,747 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Enterprise Financial Services by 2.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,506 shares of the bank's stock valued at $4,486,000 after buying an additional 2,452 shares during the period. Institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Stock Performance

Shares of EFSC traded up $0.74 during midday trading on Wednesday, reaching $61.38. The stock had a trading volume of 167,541 shares, compared to its average volume of 154,454. 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 firm has a 50 day simple moving average of $57.82 and a 200-day simple moving average of $54.42. The firm has a market cap of $2.28 billion, a PE ratio of 12.68 and a beta of 0.99. Enterprise Financial Services Corp has a one year low of $37.28 and a one year high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its quarterly 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 return on equity of 10.94% and a net margin of 20.12%. As a group, sell-side analysts anticipate that Enterprise Financial Services Corp will post 4.84 EPS 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. Shareholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.89%. 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 23.97%.

Analyst Ratings Changes

Several research firms recently commented on EFSC. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $70.00 price objective (up from $68.00) on shares of Enterprise Financial Services in a research report on Wednesday, January 29th. DA Davidson boosted their price target on Enterprise Financial Services from $67.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Finally, Piper Sandler increased their price objective on Enterprise Financial Services from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd.

About Enterprise Financial Services

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.