Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 56.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,874 shares of the bank's stock after purchasing an additional 11,169 shares during the period. Deutsche Bank AG owned approximately 0.08% of Enterprise Financial Services worth $1,741,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EFSC. New York State Teachers Retirement System bought a new stake in Enterprise Financial Services during the 4th quarter valued at $191,000. Crestline Management LP bought a new position in Enterprise Financial Services during the 4th quarter valued at approximately $203,000. Captrust Financial Advisors bought a new position in Enterprise Financial Services during the 4th quarter valued at approximately $204,000. HighTower Advisors LLC bought a new position in Enterprise Financial Services during the 4th quarter valued at approximately $212,000. Finally, Summit Investment Advisors Inc. raised its position in Enterprise Financial Services by 7.3% during the 4th 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 last quarter. 72.21% of the stock is owned by institutional investors.

Enterprise Financial Services Stock Performance

Shares of Enterprise Financial Services stock traded down $0.52 during trading hours on Wednesday, reaching $53.35. 34,816 shares of the stock traded hands, compared to its average volume of 180,536. The company has a 50 day moving average price of $51.83 and a 200 day moving average price of $56.04. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 11.05 and a beta of 0.85. Enterprise Financial Services Corp has a one year low of $37.28 and a one year high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its earnings results on Monday, April 28th. The bank reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. The company had revenue of $18.48 million during the quarter, compared to the consensus estimate of $162.83 million. On average, equities research analysts expect that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.30 dividend. The ex-dividend date is Monday, June 16th. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 2.25%. Enterprise Financial Services's dividend payout ratio (DPR) is currently 23.53%.

Insider Transactions 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 on Friday, February 28th. The shares were sold at an average price of $58.47, for a total value of $323,046.75. Following the transaction, the director now directly owns 15,447 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the chief executive officer now directly owns 106,974 shares in the company, valued at $5,902,825.32. This represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,614 shares of company stock worth $603,790. 2.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. DA Davidson decreased their price objective on shares of Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Keefe, Bruyette & Woods decreased their target price on Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th.

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.