Nuveen Asset Management LLC Acquires 107,996 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Nuveen Asset Management LLC raised its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 33.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430,662 shares of the bank's stock after acquiring an additional 107,996 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.16% of Enterprise Financial Services worth $24,289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in Enterprise Financial Services by 437.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,223 shares of the bank's stock valued at $1,310,000 after acquiring an additional 18,902 shares in the last quarter. Vanguard Group Inc. grew its stake in Enterprise Financial Services by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 2,089,008 shares of the bank's stock valued at $117,820,000 after acquiring an additional 13,724 shares in the last quarter. Fisher Asset Management LLC grew its stake in Enterprise Financial Services by 37.0% during the 4th quarter. Fisher Asset Management LLC now owns 74,195 shares of the bank's stock valued at $4,185,000 after acquiring an additional 20,033 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Enterprise Financial Services by 1.3% during the 4th quarter. JPMorgan Chase & Co. now owns 565,314 shares of the bank's stock valued at $31,884,000 after acquiring an additional 7,439 shares in the last quarter. Finally, Barclays PLC grew its stake in Enterprise Financial Services by 73.3% during the 3rd quarter. Barclays PLC now owns 83,910 shares of the bank's stock valued at $4,302,000 after acquiring an additional 35,484 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

Insiders Place Their Bets

In other news, CEO James Brian Lally sold 4,689 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $55.18, for a total transaction of $258,739.02. Following the sale, the chief executive officer now owns 106,974 shares in the company, valued at approximately $5,902,825.32. This represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James M. Havel sold 5,525 shares of the 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 sale, the director now owns 15,447 shares in the company, valued at $903,186.09. The trade was a 26.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,614 shares of company stock worth $603,790 over the last three months. 2.30% of the stock is currently owned by corporate insiders.

Enterprise Financial Services Stock Performance

Shares of NASDAQ EFSC traded down $0.12 during trading hours on Friday, reaching $52.58. The stock had a trading volume of 119,259 shares, compared to its average volume of 181,380. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The business's fifty day moving average is $51.95 and its two-hundred day moving average is $56.09. Enterprise Financial Services Corp has a twelve month low of $37.28 and a twelve month high of $63.13. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 10.86 and a beta of 0.85.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $18.48 million during the quarter, compared to analyst estimates of $162.83 million. As a group, research analysts expect that Enterprise Financial Services Corp will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.30 per share. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Monday, June 16th. Enterprise Financial Services's dividend payout ratio is currently 23.53%.

Wall Street Analyst Weigh In

EFSC has been the subject of several recent research reports. Keefe, Bruyette & Woods lowered their price target 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. DA Davidson cut their price target on Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, April 30th.

About Enterprise Financial Services

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.