First Trust Advisors LP Sells 23,126 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

First Trust Advisors LP cut its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 23.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,657 shares of the bank's stock after selling 23,126 shares during the quarter. First Trust Advisors LP owned approximately 0.20% of Enterprise Financial Services worth $4,267,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its holdings in Enterprise Financial Services by 73.3% during the third quarter. Barclays PLC now owns 83,910 shares of the bank's stock valued at $4,302,000 after purchasing an additional 35,484 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Enterprise Financial Services by 94.8% during the 3rd quarter. Franklin Resources Inc. now owns 46,727 shares of the bank's stock valued at $2,391,000 after buying an additional 22,739 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Enterprise Financial Services by 5.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 557,875 shares of the bank's stock valued at $28,597,000 after buying an additional 29,747 shares in the last quarter. Versant Capital Management Inc bought a new position in Enterprise Financial Services in the 4th quarter worth $29,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Enterprise Financial Services by 7.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,141 shares of the bank's stock valued at $403,000 after acquiring an additional 502 shares during the period. 72.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Enterprise Financial Services

In other news, Director James M. Havel sold 5,525 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $58.47, for a total transaction of $323,046.75. Following the sale, the director now directly owns 15,447 shares in the company, valued at approximately $903,186.09. This represents a 26.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by company insiders.

Enterprise Financial Services Stock Up 1.1 %

EFSC opened at $52.95 on Friday. The company has a market capitalization of $1.96 billion, a PE ratio of 10.94 and a beta of 0.84. The firm has a 50-day simple moving average of $52.81 and a two-hundred day simple moving average of $56.06. 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 Corp has a 52 week low of $37.28 and a 52 week high of $63.13.

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 for the quarter, beating the consensus estimate of $1.17 by $0.14. The business had revenue of $18.48 million during the quarter, compared to analysts' expectations of $162.83 million. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. Analysts forecast that Enterprise Financial Services Corp will post 4.97 earnings per share 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. Investors of record on Monday, June 16th will be paid a dividend of $0.30 per share. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a yield of 2.27%. Enterprise Financial Services's dividend payout ratio is presently 23.53%.

Analyst Ratings Changes

A number of research firms have recently weighed in on EFSC. Keefe, Bruyette & Woods dropped their price objective on Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a research note on Wednesday. DA Davidson dropped their price target on Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday.

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.

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