Point72 Asset Management L.P. trimmed its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 82.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,119 shares of the bank's stock after selling 5,297 shares during the period. Point72 Asset Management L.P.'s holdings in Enterprise Financial Services were worth $63,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of EFSC. PL Capital Advisors LLC increased its stake in shares of Enterprise Financial Services by 5,540.0% during the fourth quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank's stock valued at $2,238,852,000 after acquiring an additional 38,992,127 shares during the period. Raymond James Financial Inc. bought a new stake in Enterprise Financial Services in the fourth quarter worth about $7,556,000. Jennison Associates LLC raised its position in Enterprise Financial Services by 28.3% in the fourth quarter. Jennison Associates LLC now owns 566,780 shares of the bank's stock worth $31,966,000 after acquiring an additional 125,150 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Enterprise Financial Services by 33.5% in the 4th quarter. Nuveen Asset Management LLC now owns 430,662 shares of the bank's stock valued at $24,289,000 after acquiring an additional 107,996 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Enterprise Financial Services by 12.9% during the 4th quarter. American Century Companies Inc. now owns 847,939 shares of the bank's stock valued at $47,824,000 after purchasing an additional 96,822 shares in the last quarter. Institutional investors own 72.21% of the company's stock.
Insider Activity at Enterprise Financial Services
In other Enterprise Financial Services news, CEO James Brian Lally sold 4,689 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $55.18, for a total transaction of $258,739.02. Following the transaction, the chief executive officer now directly owns 106,974 shares of the company's stock, valued at $5,902,825.32. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by company insiders.
Enterprise Financial Services Stock Down 0.1%
NASDAQ EFSC traded down $0.08 on Friday, reaching $53.16. The stock had a trading volume of 9,069 shares, compared to its average volume of 180,349. 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 Corp has a 1 year low of $37.31 and a 1 year high of $63.13. The business has a 50 day moving average price of $51.72 and a 200 day moving average price of $55.97. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 10.98 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 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.14. The firm had revenue of $18.48 million for the quarter, compared to the consensus estimate of $162.83 million. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. On average, analysts forecast that Enterprise Financial Services Corp will post 4.97 EPS for the current fiscal year.
Enterprise Financial Services Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.26%. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.29. Enterprise Financial Services's dividend payout ratio (DPR) is currently 23.53%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. DA Davidson decreased their target price on Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a 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 on the stock in a research note on Wednesday, April 30th.
Get Our Latest Report on Enterprise Financial Services
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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