F M Investments LLC Lowers Stock Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

F M Investments LLC reduced its stake in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 66.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,976 shares of the bank's stock after selling 146,002 shares during the quarter. F M Investments LLC owned 0.20% of Enterprise Financial Services worth $4,116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Enterprise Financial Services in the 4th quarter valued at approximately $7,556,000. Renaissance Technologies LLC acquired a new position in shares of Enterprise Financial Services in the 4th quarter valued at $1,072,000. Invesco Ltd. grew its stake in shares of Enterprise Financial Services by 5.7% during the fourth quarter. Invesco Ltd. now owns 82,228 shares of the bank's stock valued at $4,638,000 after purchasing an additional 4,399 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Enterprise Financial Services by 90.5% in the fourth quarter. Russell Investments Group Ltd. now owns 85,335 shares of the bank's stock valued at $4,813,000 after purchasing an additional 40,549 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Enterprise Financial Services by 3.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 125,154 shares of the bank's stock valued at $7,059,000 after purchasing an additional 4,641 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

Enterprise Financial Services Trading Up 0.3 %

EFSC traded up $0.12 during mid-day trading on Wednesday, hitting $47.85. 40,073 shares of the stock were exchanged, compared to its average volume of 174,411. 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 Corp has a 1-year low of $37.28 and a 1-year high of $63.13. The company has a market cap of $1.77 billion, a PE ratio of 9.89 and a beta of 0.84. The firm's fifty day moving average is $55.36 and its two-hundred day moving average is $56.04.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last announced its earnings results on Monday, January 27th. The bank reported $1.32 EPS for the quarter, beating analysts' consensus estimates 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 forecast that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently announced 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. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.42%. Enterprise Financial Services's payout ratio is currently 23.97%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EFSC shares. Keefe, Bruyette & Woods restated an "outperform" rating and set a $70.00 price target (up from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th. DA Davidson upped their target price 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.

Insider Activity at Enterprise Financial Services

In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of the 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 of the company's stock, valued at approximately $903,186.09. This represents a 26.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company's stock.

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.