Barclays PLC Acquires 7,976 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Barclays PLC lifted its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,886 shares of the bank's stock after purchasing an additional 7,976 shares during the quarter. Barclays PLC owned 0.25% of Enterprise Financial Services worth $5,183,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. PL Capital Advisors LLC boosted its position in Enterprise Financial Services by 5,540.0% during the fourth quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank's stock valued at $2,238,852,000 after purchasing an additional 38,992,127 shares during the last quarter. Raymond James Financial Inc. bought a new position in Enterprise Financial Services during the fourth quarter worth about $7,556,000. Jennison Associates LLC lifted its position in shares of Enterprise Financial Services by 28.3% in the fourth quarter. Jennison Associates LLC now owns 566,780 shares of the bank's stock valued at $31,966,000 after buying an additional 125,150 shares during the last quarter. American Century Companies Inc. raised its stake in Enterprise Financial Services by 12.9% in the 4th quarter. American Century Companies Inc. now owns 847,939 shares of the bank's stock valued at $47,824,000 after acquiring an additional 96,822 shares during the period. Finally, Denali Advisors LLC boosted its position in Enterprise Financial Services by 102.7% during the fourth quarter. Denali Advisors LLC now owns 121,992 shares of the bank's stock worth $6,880,000 after purchasing an additional 61,806 shares during the period. 72.21% of the stock is owned by institutional investors.

Insider Activity at Enterprise Financial Services

In other news, Director James M. Havel sold 5,525 shares of the business's 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on EFSC. Keefe, Bruyette & Woods reduced their target price on shares of Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a report on Wednesday. DA Davidson lowered their price target on shares of Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday.

Enterprise Financial Services Price Performance

Shares of Enterprise Financial Services stock traded up $0.63 during trading on Friday, reaching $53.02. 11,926 shares of the company's stock were exchanged, compared to its average volume of 175,773. The firm's 50-day moving average price is $52.92 and its 200 day moving average price is $56.05. The company has a market cap of $1.96 billion, a P/E ratio of 10.98 and a beta of 0.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. Enterprise Financial Services Corp has a 1-year low of $37.28 and a 1-year high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its earnings results on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.14. The business had revenue of $18.48 million during the quarter, compared to analysts' expectations of $162.83 million. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. As a group, research analysts anticipate that Enterprise Financial Services Corp will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.30 dividend. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Monday, June 16th. Enterprise Financial Services's payout ratio is currently 23.53%.

Enterprise Financial Services Company Profile

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.