Victory Capital Management Inc. increased its position in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 47.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,557 shares of the bank's stock after buying an additional 7,561 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of Enterprise Financial Services worth $1,329,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Jane Street Group LLC raised its position in shares of Enterprise Financial Services by 27.9% in the 3rd quarter. Jane Street Group LLC now owns 42,846 shares of the bank's stock worth $2,196,000 after buying an additional 9,345 shares during the period. Franklin Resources Inc. increased its holdings in Enterprise Financial Services by 94.8% in the 3rd quarter. Franklin Resources Inc. now owns 46,727 shares of the bank's stock valued at $2,391,000 after purchasing an additional 22,739 shares in the last quarter. Geode Capital Management LLC increased its holdings in Enterprise Financial Services by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 892,030 shares of the bank's stock valued at $45,734,000 after purchasing an additional 8,180 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Enterprise Financial Services by 5.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 557,875 shares of the bank's stock valued at $28,597,000 after purchasing an additional 29,747 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Enterprise Financial Services by 37.0% in the 4th quarter. Fisher Asset Management LLC now owns 74,195 shares of the bank's stock valued at $4,185,000 after purchasing an additional 20,033 shares in the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of Enterprise Financial Services stock in a transaction that occurred on Friday, February 28th. The shares were 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 approximately $903,186.09. The trade was a 26.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.
Enterprise Financial Services Stock Down 1.1 %
NASDAQ:EFSC traded down $0.60 during mid-day trading on Friday, reaching $55.03. The stock had a trading volume of 2,939,902 shares, compared to its average volume of 158,911. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The stock's 50 day simple moving average is $58.21 and its two-hundred day simple moving average is $56.09. Enterprise Financial Services Corp has a 1-year low of $37.28 and a 1-year high of $63.13. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 11.37 and a beta of 0.97.
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 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%. Equities analysts anticipate that Enterprise Financial Services Corp will post 4.97 EPS for the current year.
Enterprise Financial Services Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.29 per share. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.28. The ex-dividend date is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 2.11%. Enterprise Financial Services's payout ratio is presently 23.97%.
Analyst Ratings Changes
Several analysts have recently weighed in on EFSC shares. Keefe, Bruyette & Woods restated 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 raised their target price on Enterprise Financial Services from $67.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th.
Check Out Our Latest Stock Analysis on Enterprise Financial Services
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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