New York State Common Retirement Fund grew its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 48.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 67,186 shares of the bank's stock after purchasing an additional 21,922 shares during the period. New York State Common Retirement Fund owned approximately 0.18% of Enterprise Financial Services worth $3,789,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in EFSC. Wellington Management Group LLP boosted its holdings in shares of Enterprise Financial Services by 16.6% in the 3rd quarter. Wellington Management Group LLP now owns 3,545,092 shares of the bank's stock worth $181,721,000 after buying an additional 505,552 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Enterprise Financial Services by 28.3% in the 4th quarter. Jennison Associates LLC now owns 566,780 shares of the bank's stock worth $31,966,000 after purchasing an additional 125,150 shares during the period. Foundry Partners LLC grew its holdings in Enterprise Financial Services by 1,856.8% during the third quarter. Foundry Partners LLC now owns 130,869 shares of the bank's stock valued at $6,708,000 after purchasing an additional 124,181 shares during the period. Eagle Asset Management Inc. purchased a new stake in Enterprise Financial Services in the third quarter worth $6,095,000. Finally, Barclays PLC lifted its holdings in Enterprise Financial Services by 73.3% during the third quarter. Barclays PLC now owns 83,910 shares of the bank's stock valued at $4,302,000 after purchasing an additional 35,484 shares during the last quarter. 72.21% of the stock is owned by institutional investors.
Enterprise Financial Services Stock Down 1.6 %
EFSC stock traded down $0.95 during midday trading on Tuesday, hitting $58.23. The company's stock had a trading volume of 65,112 shares, compared to its average volume of 163,750. The firm's 50-day moving average is $58.24 and its 200-day moving average is $55.74. The company has a market cap of $2.16 billion, a PE ratio of 12.03 and a beta of 0.99. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. 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 announced its quarterly earnings results on Monday, January 27th. The bank reported $1.32 EPS for the quarter, beating analysts' consensus estimates 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, equities research analysts forecast that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.
Enterprise Financial Services Increases Dividend
The business 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 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.28. Enterprise Financial Services's payout ratio is currently 23.97%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. DA Davidson raised their target price on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $70.00 target price (up previously from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th.
Check Out Our Latest Research Report on Enterprise Financial Services
Insider Transactions at Enterprise Financial Services
In other news, Director James M. Havel sold 5,525 shares of the firm'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 owns 15,447 shares in the company, valued at $903,186.09. This trade represents a 26.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company 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.
Recommended Stories
Before you consider Enterprise Financial Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enterprise Financial Services wasn't on the list.
While Enterprise Financial Services currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
