LSV Asset Management Sells 2,100 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

LSV Asset Management decreased its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 42.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,800 shares of the bank’s stock after selling 2,100 shares during the period. LSV Asset Management’s holdings in Enterprise Financial Services were worth $158,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. PL Capital Advisors LLC increased its holdings in 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 period. Raymond James Financial Inc. purchased a new position in shares of Enterprise Financial Services in the 4th quarter valued at $7,556,000. Jennison Associates LLC raised its position in shares of Enterprise Financial Services by 28.3% in 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 in the last quarter. American Century Companies Inc. lifted its stake 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 purchasing an additional 96,822 shares during the last quarter. Finally, Denali Advisors LLC boosted its position in 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 purchasing an additional 61,806 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

Insider Activity

In other news, Director James M. Havel sold 5,525 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was 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 directly owns 15,447 shares in the company, valued at $903,186.09. This trade represents a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Enterprise Financial Services Stock Up 1.8 %

Shares of EFSC stock opened at $47.73 on Wednesday. The stock’s fifty day moving average price is $55.36 and its 200 day moving average price is $56.04. 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 Corp has a 1-year low of $37.28 and a 1-year high of $63.13. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 9.86 and a beta of 0.84.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts expect 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. Stockholders of record on Friday, March 14th were paid a dividend of $0.29 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Friday, March 14th. Enterprise Financial Services’s payout ratio is presently 23.97%.

Wall Street Analyst Weigh In

A number of brokerages have commented on EFSC. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $70.00 target price (up from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th. DA Davidson boosted their price objective on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th.

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.