Plancorp LLC lessened its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,060 shares of the bank's stock after selling 4,940 shares during the quarter. Plancorp LLC owned about 0.16% of Enterprise Financial Services worth $3,331,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in EFSC. Versant Capital Management Inc bought a new position in shares of Enterprise Financial Services in the 4th quarter valued at about $29,000. Quarry LP lifted its stake in shares of 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 purchasing an additional 804 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Enterprise Financial Services in the 3rd quarter worth approximately $102,000. FMR LLC lifted its position in Enterprise Financial Services by 34.2% in the third 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. raised its stake 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 during the period. Institutional investors own 72.21% of the company's stock.
Analysts Set New Price Targets
EFSC has been the topic of several recent analyst reports. DA Davidson increased 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 reaffirmed an "outperform" rating and set a $70.00 target price (up from $68.00) on shares of Enterprise Financial Services in a research report on Wednesday, January 29th.
View Our Latest Stock Analysis on EFSC
Insider Activity 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 transaction of $323,046.75. Following the sale, the director now directly owns 15,447 shares of the company's stock, valued at $903,186.09. This represents a 26.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is owned by company insiders.
Enterprise Financial Services Stock Down 0.3 %
Shares of EFSC traded down $0.17 during mid-day trading on Wednesday, hitting $55.62. The company's stock had a trading volume of 157,488 shares, compared to its average volume of 159,682. Enterprise Financial Services Corp has a 52-week low of $37.28 and a 52-week high of $63.13. The company's 50-day moving average is $58.19 and its 200-day moving average is $56.23. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 11.49 and a beta of 0.97. 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 (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 EPS for the current fiscal year.
Enterprise Financial Services Increases Dividend
The business also recently declared 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 is an increase from Enterprise Financial Services's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Friday, March 14th. Enterprise Financial Services's dividend payout ratio (DPR) is currently 23.97%.
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.
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