Enterprise Financial Services Corp (NASDAQ:EFSC) Holdings Trimmed by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 885,238 shares of the bank's stock after selling 6,792 shares during the quarter. Geode Capital Management LLC owned about 2.38% of Enterprise Financial Services worth $49,939,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EFSC. Versant Capital Management Inc acquired a new stake in shares of Enterprise Financial Services in the fourth quarter worth $29,000. FMR LLC raised its position in Enterprise Financial Services by 34.2% in the third quarter. FMR LLC now owns 2,560 shares of the bank's stock valued at $131,000 after purchasing an additional 653 shares during the period. New York State Teachers Retirement System bought a new stake in Enterprise Financial Services in the fourth quarter valued at about $191,000. HighTower Advisors LLC acquired a new position in shares of Enterprise Financial Services in the 4th quarter worth approximately $212,000. Finally, 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 valued at $231,000 after acquiring an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

Insiders Place Their Bets

In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of the firm'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 transaction, the director now owns 15,447 shares of the company's stock, valued at approximately $903,186.09. This trade represents a 26.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on EFSC shares. DA Davidson boosted their target price on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $70.00 target price (up from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th.

Enterprise Financial Services Stock Performance

EFSC stock traded up $0.55 during mid-day trading on Friday, reaching $48.60. The company had a trading volume of 160,127 shares, compared to its average volume of 175,478. The stock's 50-day simple moving average is $54.62 and its two-hundred day simple moving average is $55.96. The stock has a market capitalization of $1.80 billion, a P/E ratio of 10.04 and a beta of 0.84. 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 one year low of $37.28 and a one year high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its earnings results on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. Research analysts anticipate that Enterprise Financial Services Corp will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 2.39%. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.28. Enterprise Financial Services's payout ratio is presently 23.97%.

Enterprise Financial Services Company 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.