KLP Kapitalforvaltning AS bought a new position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,200 shares of the bank's stock, valued at approximately $406,000.
Several other institutional investors have also recently made changes to their positions in EFSC. Sei Investments Co. grew its stake in Enterprise Financial Services by 21.0% in the fourth quarter. Sei Investments Co. now owns 65,841 shares of the bank's stock worth $3,713,000 after purchasing an additional 11,446 shares during the period. American Century Companies Inc. grew its position in shares of Enterprise Financial Services by 12.9% in the 4th quarter. American Century Companies Inc. now owns 847,939 shares of the bank's stock worth $47,824,000 after buying an additional 96,822 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Enterprise Financial Services by 37.6% in the 4th quarter. Teacher Retirement System of Texas now owns 23,208 shares of the bank's stock worth $1,309,000 after acquiring an additional 6,336 shares in the last quarter. Boston Partners lifted its position in Enterprise Financial Services by 145.9% during the 4th quarter. Boston Partners now owns 43,275 shares of the bank's stock valued at $2,441,000 after acquiring an additional 25,678 shares during the period. Finally, Intech Investment Management LLC boosted its stake in Enterprise Financial Services by 196.7% during the fourth quarter. Intech Investment Management LLC now owns 17,173 shares of the bank's stock worth $969,000 after acquiring an additional 11,385 shares in the last quarter. Institutional investors own 72.21% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $70.00 target price (up previously from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th. DA Davidson raised 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.
Get Our Latest Analysis on Enterprise Financial Services
Enterprise Financial Services Stock Up 3.8 %
Enterprise Financial Services stock traded up $1.80 during trading hours on Wednesday, hitting $49.70. The stock had a trading volume of 453,156 shares, compared to its average volume of 172,868. The stock's 50-day moving average price is $56.46 and its 200-day moving average price is $56.15. Enterprise Financial Services Corp has a 12-month low of $37.28 and a 12-month high of $63.13. 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 stock has a market capitalization of $1.84 billion, a P/E ratio of 10.27 and a beta of 0.84.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) 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%. Equities research analysts anticipate that Enterprise Financial Services Corp will post 4.97 EPS for the current fiscal year.
Enterprise Financial Services Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 2.33%. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.28. Enterprise Financial Services's dividend payout ratio is currently 23.97%.
Insider Activity
In related news, Director James M. Havel sold 5,525 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $58.47, for a total transaction of $323,046.75. Following the transaction, the director now owns 15,447 shares in the company, valued at $903,186.09. This represents a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.30% of the company's stock.
Enterprise Financial Services Profile
(
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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