Cullen Capital Management LLC Has $880,000 Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Cullen Capital Management LLC boosted its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 86.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,611 shares of the bank's stock after acquiring an additional 7,249 shares during the quarter. Cullen Capital Management LLC's holdings in Enterprise Financial Services were worth $880,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc acquired a new position in Enterprise Financial Services in the fourth quarter valued at about $29,000. Quarry LP grew its position in Enterprise Financial Services by 2,593.5% during the 3rd quarter. Quarry LP now owns 835 shares of the bank's stock worth $43,000 after acquiring an additional 804 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Enterprise Financial Services in the third quarter valued at $102,000. FMR LLC raised its holdings in shares of Enterprise Financial Services by 34.2% in the third quarter. FMR LLC now owns 2,560 shares of the bank's stock valued at $131,000 after buying an additional 653 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new position in Enterprise Financial Services during the 3rd quarter worth about $181,000. Institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Trading Down 1.9 %

Shares of EFSC stock traded down $0.88 on Friday, reaching $45.79. The company had a trading volume of 64,331 shares, compared to its average volume of 172,994. The company has a 50-day moving average of $56.22 and a 200-day moving average of $56.12. 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 cap of $1.69 billion, a PE ratio of 9.43 and a beta of 0.84. 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 data on Monday, January 27th. The bank reported $1.32 EPS for the quarter, topping 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%. On average, equities analysts forecast 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.29 per share. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.53%. The ex-dividend date was Friday, March 14th. Enterprise Financial Services's dividend payout ratio (DPR) is 23.97%.

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 value of $323,046.75. Following the sale, the director now owns 15,447 shares of the company's stock, valued at $903,186.09. This trade represents a 26.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on EFSC. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $70.00 price target (up from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th. DA Davidson boosted their price objective on Enterprise Financial Services from $67.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th.

Enterprise Financial Services 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.