Proficio Capital Partners LLC purchased a new position in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,495 shares of the bank's stock, valued at approximately $818,000.
A number of other large investors have also bought and sold shares of the stock. Oppenheimer Asset Management Inc. grew its holdings in Enterprise Financial Services by 1.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 31,233 shares of the bank's stock worth $1,762,000 after purchasing an additional 297 shares during the period. Denali Advisors LLC grew its holdings in shares of Enterprise Financial Services by 102.7% during the fourth quarter. Denali Advisors LLC now owns 121,992 shares of the bank's stock valued at $6,880,000 after buying an additional 61,806 shares during the last quarter. PL Capital Advisors LLC grew its holdings 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 buying an additional 38,992,127 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Enterprise Financial Services by 48.4% during the fourth quarter. New York State Common Retirement Fund now owns 67,186 shares of the bank's stock valued at $3,789,000 after buying an additional 21,922 shares during the last quarter. Finally, Peregrine Capital Management LLC grew its holdings in shares of Enterprise Financial Services by 9.9% during the fourth quarter. Peregrine Capital Management LLC now owns 106,030 shares of the bank's stock valued at $5,980,000 after buying an additional 9,565 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on the stock. 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 report on Wednesday, January 29th. DA Davidson lifted their price objective on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, January 29th.
Get Our Latest Analysis on EFSC
Shares of EFSC traded down $0.17 during trading hours on Friday, reaching $56.58. 139,500 shares of the stock traded hands, compared to its average volume of 165,591. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $58.25 and a 200 day simple moving average of $55.89. Enterprise Financial Services Corp has a 52 week low of $37.28 and a 52 week high of $63.13. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 11.69 and a beta of 0.97.
Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.32 earnings per share 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%. On average, equities analysts forecast that Enterprise Financial Services Corp will post 4.97 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.29 per share. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, March 14th. Enterprise Financial Services's dividend payout ratio (DPR) is presently 23.97%.
In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of Enterprise Financial Services stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $58.47, for a total value of $323,046.75. Following the sale, the director now owns 15,447 shares of the company's stock, valued at approximately $903,186.09. The trade was a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.30% of the company's stock.
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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