Peregrine Capital Management LLC boosted its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 9.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,030 shares of the bank's stock after acquiring an additional 9,565 shares during the quarter. Peregrine Capital Management LLC owned 0.29% of Enterprise Financial Services worth $5,980,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Enterprise Financial Services by 7.0% in the fourth quarter. Principal Financial Group Inc. now owns 17,252 shares of the bank's stock valued at $973,000 after purchasing an additional 1,128 shares during the period. New York State Teachers Retirement System acquired a new stake in Enterprise Financial Services during the 4th quarter worth approximately $191,000. Empowered Funds LLC lifted its holdings in Enterprise Financial Services by 5.1% during the 4th quarter. Empowered Funds LLC now owns 123,282 shares of the bank's stock worth $6,953,000 after buying an additional 5,954 shares in the last quarter. Jennison Associates LLC lifted its holdings in Enterprise Financial Services by 28.3% during the 4th quarter. Jennison Associates LLC now owns 566,780 shares of the bank's stock worth $31,966,000 after buying an additional 125,150 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Enterprise Financial Services by 7.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,141 shares of the bank's stock worth $403,000 after buying an additional 502 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.
Enterprise Financial Services Stock Down 2.2 %
Shares of EFSC stock traded down $1.36 on Friday, reaching $59.25. 174,822 shares of the stock were exchanged, compared to its average volume of 161,904. 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 business's 50 day moving average price is $58.07 and its 200 day moving average price is $55.13. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 12.24 and a beta of 0.99. Enterprise Financial Services Corp has a twelve month low of $37.28 and a twelve month high of $63.13.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its earnings results on Monday, January 27th. The bank reported $1.32 earnings per share for the quarter, topping 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%. As a group, sell-side analysts expect 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. Stockholders of record on Friday, March 14th will be issued a $0.29 dividend. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.96%. Enterprise Financial Services's dividend payout ratio is presently 23.14%.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Keefe, Bruyette & Woods reissued 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. DA Davidson boosted their target price on Enterprise Financial Services from $67.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th.
Check Out Our Latest Report on EFSC
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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