Kennedy Capital Management LLC reduced its stake in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 27.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 127,295 shares of the bank's stock after selling 47,181 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.34% of Enterprise Financial Services worth $7,179,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of EFSC. US Bancorp DE raised its position in Enterprise Financial Services by 5.7% in the fourth quarter. US Bancorp DE now owns 4,095 shares of the bank's stock worth $231,000 after purchasing an additional 222 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Enterprise Financial Services by 1.1% during the fourth quarter. Prudential Financial Inc. now owns 27,696 shares of the bank's stock worth $1,629,000 after buying an additional 293 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Enterprise Financial Services by 1.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 31,233 shares of the bank's stock valued at $1,762,000 after buying an additional 297 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Enterprise Financial Services by 7.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,141 shares of the bank's stock worth $403,000 after buying an additional 502 shares during the period. Finally, Versant Capital Management Inc bought a new stake in shares of Enterprise Financial Services in the fourth quarter valued at about $29,000. 72.21% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, Director James M. Havel sold 5,525 shares of Enterprise Financial Services stock in a transaction on Friday, February 28th. The stock was sold at an average price of $58.47, for a total value of $323,046.75. Following the completion of the sale, the director now owns 15,447 shares of the company's stock, valued at $903,186.09. The trade was a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.20% of the company's stock.
Enterprise Financial Services Stock Up 1.4 %
EFSC traded up $0.68 during mid-day trading on Thursday, reaching $48.73. 67,335 shares of the stock were exchanged, compared to its average volume of 174,758. The company has a 50 day moving average price of $55.11 and a two-hundred day moving average price of $55.99. The stock has a market capitalization of $1.80 billion, a PE ratio of 10.07 and a beta of 0.84. Enterprise Financial Services Corp has a 1 year low of $37.28 and a 1 year high of $63.13. 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 (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The bank reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. As a group, research analysts anticipate that Enterprise Financial Services Corp will post 4.97 EPS for the current year.
Enterprise Financial Services Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 2.38%. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.28. Enterprise Financial Services's payout ratio is 23.97%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on EFSC shares. DA Davidson upped their target price on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $70.00 target price (up previously from $68.00) on shares of Enterprise Financial Services in a research report on Wednesday, January 29th.
Check Out Our Latest Stock Analysis on Enterprise Financial Services
Enterprise Financial Services Profile
(
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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