William Blair Investment Management LLC raised its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 694,316 shares of the bank's stock after buying an additional 16,922 shares during the period. William Blair Investment Management LLC owned about 1.87% of Enterprise Financial Services worth $39,159,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Enterprise Financial Services during the 3rd quarter valued at $221,000. Advisors Asset Management Inc. lifted its stake in shares of Enterprise Financial Services by 169.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank's stock worth $177,000 after buying an additional 2,172 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Enterprise Financial Services during the 3rd quarter worth about $297,000. Foundry Partners LLC grew its stake in Enterprise Financial Services by 1,856.8% in the 3rd quarter. Foundry Partners LLC now owns 130,869 shares of the bank's stock valued at $6,708,000 after buying an additional 124,181 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Enterprise Financial Services by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 421,874 shares of the bank's stock valued at $21,625,000 after acquiring an additional 3,586 shares during the period. 72.21% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related 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 directly owns 15,447 shares of the company's stock, valued at $903,186.09. This trade represents a 26.34 % decrease in their ownership of the stock. The sale 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 Performance
NASDAQ EFSC traded down $0.60 during trading on Friday, reaching $55.03. The company's stock had a trading volume of 2,939,902 shares, compared to its average volume of 233,398. The firm has a 50 day moving average price of $58.19 and a 200 day moving average price of $56.08. Enterprise Financial Services Corp has a 12 month low of $37.28 and a 12 month high of $63.13. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 11.37 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 issued its quarterly earnings results on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) 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%. As a group, equities analysts anticipate that Enterprise Financial Services Corp will post 4.97 EPS 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 dividend of $0.29 per share. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, March 14th. Enterprise Financial Services's dividend payout ratio is 23.97%.
Analyst Upgrades and Downgrades
EFSC has been the topic of several research reports. DA Davidson upped their target price on Enterprise Financial Services from $67.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $70.00 price target (up from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th.
Read Our Latest Research Report on Enterprise Financial Services
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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