Wellington Management Group LLP decreased its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,373,927 shares of the bank's stock after selling 171,165 shares during the period. Wellington Management Group LLP owned about 9.12% of Enterprise Financial Services worth $190,289,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Enterprise Financial Services by 1.3% in the 4th quarter. JPMorgan Chase & Co. now owns 565,314 shares of the bank's stock valued at $31,884,000 after buying an additional 7,439 shares in the last quarter. Prudential Financial Inc. boosted its stake in Enterprise Financial Services by 1.1% in the fourth quarter. Prudential Financial Inc. now owns 27,696 shares of the bank's stock valued at $1,629,000 after acquiring an additional 293 shares in the last quarter. Vanguard Group Inc. grew its holdings in Enterprise Financial Services by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 2,089,008 shares of the bank's stock worth $117,820,000 after purchasing an additional 13,724 shares during the last quarter. LPL Financial LLC increased its position in shares of Enterprise Financial Services by 15.1% during the fourth quarter. LPL Financial LLC now owns 6,963 shares of the bank's stock worth $393,000 after purchasing an additional 915 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Enterprise Financial Services during the 4th quarter valued at $406,000. Hedge funds and other institutional investors own 72.21% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on EFSC. 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. DA Davidson boosted their price target 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.
View Our Latest Analysis on EFSC
Insider Buying and Selling at Enterprise Financial Services
In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of Enterprise Financial Services stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $58.47, for a total transaction of $323,046.75. Following the completion of the transaction, the director now owns 15,447 shares in the company, valued at approximately $903,186.09. This trade represents a 26.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.30% of the company's stock.
Enterprise Financial Services Stock Performance
Shares of EFSC traded down $0.09 during trading hours on Monday, reaching $47.77. 377,708 shares of the company traded hands, compared to its average volume of 170,730. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average price of $57.36 and a 200-day moving average price of $56.30. Enterprise Financial Services Corp has a 12-month low of $37.28 and a 12-month high of $63.13. The stock has a market capitalization of $1.77 billion, a P/E ratio of 9.87 and a beta of 0.84.
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 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%. Equities analysts anticipate that Enterprise Financial Services Corp will post 4.97 EPS for the current fiscal year.
Enterprise Financial Services Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 2.43%. Enterprise Financial Services's dividend payout ratio (DPR) is currently 23.97%.
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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