Ameriprise Financial Inc. boosted its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,179 shares of the bank's stock after buying an additional 8,525 shares during the quarter. Ameriprise Financial Inc. owned 0.22% of Enterprise Financial Services worth $4,691,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in EFSC. US Bancorp DE boosted its position in shares of 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 acquiring an additional 222 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Enterprise Financial Services by 7.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,873 shares of the bank's stock valued at $218,000 after purchasing an additional 265 shares during the period. Prudential Financial Inc. boosted its stake in Enterprise Financial Services by 1.1% during the 4th quarter. Prudential Financial Inc. now owns 27,696 shares of the bank's stock valued at $1,629,000 after purchasing an additional 293 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Enterprise Financial Services by 1.0% in the fourth 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. Finally, XTX Topco Ltd lifted its holdings in shares of Enterprise Financial Services by 7.5% in the fourth quarter. XTX Topco Ltd now owns 5,714 shares of the bank's stock valued at $322,000 after purchasing an additional 399 shares in the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.
Enterprise Financial Services Stock Performance
NASDAQ:EFSC traded up $0.06 on Friday, hitting $53.29. The company's stock had a trading volume of 6,344 shares, compared to its average volume of 180,338. Enterprise Financial Services Corp has a one year low of $37.31 and a one year high of $63.13. The firm has a market capitalization of $1.97 billion, a P/E ratio of 11.00 and a beta of 0.85. The stock has a fifty day moving average of $51.72 and a two-hundred day moving average of $55.97. 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 released its quarterly earnings results on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. The business had revenue of $18.48 million during the quarter, compared to the consensus estimate of $162.83 million. Research analysts predict that Enterprise Financial Services Corp will post 4.97 earnings per share for the current year.
Enterprise Financial Services Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Monday, June 16th. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.29. Enterprise Financial Services's dividend payout ratio (DPR) is 23.53%.
Wall Street Analyst Weigh In
Several research analysts have commented on EFSC shares. DA Davidson dropped their price target on Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods lowered their target price on Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th.
Read Our Latest Report on Enterprise Financial Services
Insider Activity at Enterprise Financial Services
In related news, CEO James Brian Lally sold 4,689 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $55.18, for a total value of $258,739.02. Following the sale, the chief executive officer now owns 106,974 shares in the company, valued at $5,902,825.32. This represents a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.30% of the stock is currently owned by company insiders.
About Enterprise Financial Services
(
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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