Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its position in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 33.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 430,662 shares of the bank's stock after purchasing an additional 107,996 shares during the period. Nuveen Asset Management LLC owned 1.16% of Enterprise Financial Services worth $24,289,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. US Bancorp DE increased its holdings in shares of Enterprise Financial Services by 5.7% in the 4th 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. Summit Investment Advisors Inc. lifted its stake in shares of Enterprise Financial Services by 7.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,873 shares of the bank's stock worth $218,000 after purchasing an additional 265 shares during the period. Prudential Financial Inc. increased 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 valued at $1,629,000 after buying an additional 293 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Enterprise Financial Services by 1.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 31,233 shares of the bank's stock valued at $1,762,000 after acquiring an additional 297 shares during the period. Finally, XTX Topco Ltd raised its stake in Enterprise Financial Services by 7.5% during the 4th quarter. XTX Topco Ltd now owns 5,714 shares of the bank's stock worth $322,000 after acquiring an additional 399 shares during the period. 72.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EFSC has been the topic of a number of research reports. Keefe, Bruyette & Woods reduced their price objective on Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. DA Davidson dropped their price objective 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.

Insider Buying and Selling at Enterprise Financial Services

In other Enterprise Financial Services news, CEO James Brian Lally sold 4,689 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $55.18, for a total transaction of $258,739.02. Following the completion of the transaction, the chief executive officer now owns 106,974 shares of the company's stock, valued at $5,902,825.32. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James M. Havel sold 5,525 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $58.47, for a total transaction of $323,046.75. Following the completion of the sale, the director now directly owns 15,447 shares in the company, valued at $903,186.09. This trade represents a 26.34% 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. Insiders own 2.30% of the company's stock.

Enterprise Financial Services Stock Performance

Shares of EFSC stock traded down $0.39 on Wednesday, hitting $53.49. The company had a trading volume of 7,693 shares, compared to its average volume of 180,421. The firm has a market cap of $1.98 billion, a P/E ratio of 11.02 and a beta of 0.85. Enterprise Financial Services Corp has a twelve month low of $37.28 and a twelve month high of $63.13. 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.

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 for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $162.83 million. As a group, equities research analysts predict 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 will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Monday, June 16th. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.29. Enterprise Financial Services's dividend payout ratio (DPR) is 23.53%.

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.