Proficio Capital Partners LLC acquired a new position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,495 shares of the bank's stock, valued at approximately $818,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. US Bancorp DE boosted its position in shares of Enterprise Financial Services by 5.7% during the 4th quarter. US Bancorp DE now owns 4,095 shares of the bank's stock worth $231,000 after acquiring an additional 222 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Enterprise Financial Services by 1.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 31,233 shares of the bank's stock valued at $1,762,000 after purchasing an additional 297 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Enterprise Financial Services by 7.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,141 shares of the bank's stock valued at $403,000 after purchasing an additional 502 shares in the last quarter. Versant Capital Management Inc purchased a new position in Enterprise Financial Services in the fourth quarter valued at approximately $29,000. Finally, FMR LLC raised its holdings in Enterprise Financial Services by 34.2% during the third quarter. FMR LLC now owns 2,560 shares of the bank's stock worth $131,000 after purchasing an additional 653 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $70.00 price objective (up previously from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th. DA Davidson lifted their target price on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, January 29th.
View Our Latest Stock Report on Enterprise Financial Services
Enterprise Financial Services Stock Performance
EFSC traded down $0.17 during trading on Wednesday, reaching $55.62. The company's stock had a trading volume of 157,388 shares, compared to its average volume of 159,460. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. The company's fifty day moving average price is $58.23 and its 200-day moving average price is $56.23. Enterprise Financial Services Corp has a 52-week low of $37.28 and a 52-week high of $63.13. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 11.49 and a beta of 0.97.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The bank reported $1.32 earnings per share for the quarter, beating 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%. On average, equities 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.09%. Enterprise Financial Services's dividend payout ratio is 23.97%.
Insider Activity
In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of the company's 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 transaction, the director now directly owns 15,447 shares in the company, valued at approximately $903,186.09. This represents a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.30% of the company's stock.
Enterprise Financial Services Company 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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