Russell Investments Group Ltd. raised its position in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 90.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,335 shares of the bank's stock after acquiring an additional 40,549 shares during the period. Russell Investments Group Ltd. owned about 0.23% of Enterprise Financial Services worth $4,813,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. PL Capital Advisors LLC raised its stake in shares of Enterprise Financial Services by 5,540.0% in 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 purchasing an additional 38,992,127 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Enterprise Financial Services in the 4th quarter valued at $7,556,000. Jennison Associates LLC lifted its holdings in shares of Enterprise Financial Services by 28.3% during the 4th 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 during the period. American Century Companies Inc. lifted its holdings 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 worth $47,824,000 after acquiring an additional 96,822 shares during the period. Finally, Denali Advisors LLC raised its position in Enterprise Financial Services by 102.7% in the fourth quarter. Denali Advisors LLC now owns 121,992 shares of the bank's stock worth $6,880,000 after purchasing an additional 61,806 shares in the last quarter. Institutional investors own 72.21% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on EFSC. DA Davidson upped their price objective on 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 reiterated an "outperform" rating and set a $70.00 price objective (up from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th.
Get Our Latest Report on EFSC
Insider Transactions at Enterprise Financial Services
In related news, 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 value of $323,046.75. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.20% of the stock is owned by company insiders.
Enterprise Financial Services Price Performance
Shares of EFSC traded up $0.55 on Friday, hitting $48.60. The company's stock had a trading volume of 160,127 shares, compared to its average volume of 175,478. The company has a market capitalization of $1.80 billion, a PE ratio of 10.04 and a beta of 0.84. Enterprise Financial Services Corp has a fifty-two week low of $37.28 and a fifty-two week high of $63.13. The company has a 50 day moving average price of $54.62 and a 200 day moving average price of $55.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The bank reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. On average, research analysts anticipate that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.
Enterprise Financial Services Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.39%. The ex-dividend date was Friday, March 14th. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.28. Enterprise Financial Services's dividend payout ratio (DPR) is presently 23.97%.
Enterprise Financial Services Company Profile
(
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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