Mutual Advisors LLC acquired a new position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC – Get Rating) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,665 shares of the bank’s stock, valued at approximately $1,257,000. Mutual Advisors LLC owned about 0.07% of Enterprise Financial Services at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. bought a new stake in Enterprise Financial Services during the fourth quarter worth about $202,000. Assenagon Asset Management S.A. acquired a new position in shares of Enterprise Financial Services during the fourth quarter worth approximately $332,000. Phocas Financial Corp. lifted its position in shares of Enterprise Financial Services by 24.9% during the fourth quarter. Phocas Financial Corp. now owns 224,107 shares of the bank’s stock worth $10,972,000 after purchasing an additional 44,707 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Enterprise Financial Services by 6.8% during the third quarter. Bank of New York Mellon Corp now owns 210,031 shares of the bank’s stock worth $9,249,000 after purchasing an additional 13,427 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in shares of Enterprise Financial Services during the third quarter worth approximately $1,452,000. 68.87% of the stock is owned by institutional investors.
Insider Activity at Enterprise Financial Services
In other Enterprise Financial Services news, Director Richard Sanborn sold 53,338 shares of the company’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $52.09, for a total value of $2,778,376.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Enterprise Financial Services news, Director Richard Sanborn sold 53,338 shares of the company’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $52.09, for a total value of $2,778,376.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lyne Andrich bought 1,840 shares of the stock in a transaction on Monday, February 27th. The stock was purchased at an average cost of $54.35 per share, with a total value of $100,004.00. Following the purchase, the director now directly owns 2,302 shares of the company’s stock, valued at approximately $125,113.70. The disclosure for this purchase can be found here. Insiders have sold 98,338 shares of company stock worth $5,220,976 over the last ninety days. Company insiders own 5.90% of the company’s stock.
Enterprise Financial Services Trading Down 4.3 %
Shares of NASDAQ EFSC opened at $45.81 on Thursday. The company’s 50 day simple moving average is $52.44 and its 200 day simple moving average is $50.13. Enterprise Financial Services Corp has a fifty-two week low of $39.63 and a fifty-two week high of $56.35. The firm has a market capitalization of $1.71 billion, a P/E ratio of 8.61 and a beta of 1.14. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.91 and a quick ratio of 0.91.
Enterprise Financial Services (NASDAQ:EFSC – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The bank reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.23. Enterprise Financial Services had a net margin of 35.36% and a return on equity of 14.48%. The business had revenue of $173.61 million for the quarter, compared to analyst estimates of $142.42 million. On average, analysts predict that Enterprise Financial Services Corp will post 5.68 EPS for the current year.
Enterprise Financial Services Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be issued a $0.25 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 2.18%. The ex-dividend date is Tuesday, March 14th. Enterprise Financial Services’s dividend payout ratio is currently 18.80%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on EFSC. Raymond James upped their target price on shares of Enterprise Financial Services from $58.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 25th. StockNews.com began coverage on shares of Enterprise Financial Services in a research report on Thursday, March 16th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.67.
About Enterprise Financial Services
Enterprise Financial Services Corp. operates as a financial holding company. The firm engages in the provision of business and personal banking services and wealth management services. It also offers lending services which include commercial and industrial commercial real estate, real estate construction and development, residential real estate and consumer loans.
Further Reading
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