Enterprise Financial Services Corp (NASDAQ:EFSC) Position Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,215,368 shares of the bank's stock after purchasing an additional 54,987 shares during the period. Dimensional Fund Advisors LP owned 5.97% of Enterprise Financial Services worth $124,947,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EFSC. PL Capital Advisors LLC increased its holdings in shares of Enterprise Financial Services by 5,540.0% during the 4th quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank's stock worth $2,238,852,000 after buying an additional 38,992,127 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Enterprise Financial Services by 0.7% in the 4th 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 period. American Century Companies Inc. lifted its stake in shares of 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 purchasing an additional 96,822 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of Enterprise Financial Services by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 694,316 shares of the bank's stock worth $39,159,000 after purchasing an additional 16,922 shares during the period. Finally, Jennison Associates LLC increased its position in Enterprise Financial Services by 28.3% during the 4th quarter. Jennison Associates LLC now owns 566,780 shares of the bank's stock worth $31,966,000 after purchasing an additional 125,150 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Stock Up 1.6 %

Shares of NASDAQ:EFSC traded up $0.86 during mid-day trading on Friday, hitting $53.25. 18,641 shares of the company traded hands, compared to its average volume of 175,799. The firm's 50 day simple moving average is $52.92 and its 200 day simple moving average is $56.05. The firm has a market cap of $1.97 billion, a P/E ratio of 10.99 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 52-week low of $37.28 and a 52-week high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.14. The company had revenue of $18.48 million for the quarter, compared to analyst estimates of $162.83 million. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. On average, 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a yield of 2.25%. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.29. Enterprise Financial Services's payout ratio is currently 23.53%.

Insider Buying and Selling at Enterprise Financial Services

In related news, Director James M. Havel sold 5,525 shares of the business's 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 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 legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EFSC shares. Keefe, Bruyette & Woods reduced their price target on shares of Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating on the stock in a research report on Wednesday. DA Davidson reduced their target price on shares of Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday.

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.