William Blair Investment Management LLC Has $39.16 Million Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

William Blair Investment Management LLC boosted its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 694,316 shares of the bank’s stock after buying an additional 16,922 shares during the quarter. William Blair Investment Management LLC’s holdings in Enterprise Financial Services were worth $39,159,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. US Bancorp DE lifted its holdings in Enterprise Financial Services by 5.7% during the 4th quarter. US Bancorp DE now owns 4,095 shares of the bank’s stock worth $231,000 after buying an additional 222 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Enterprise Financial Services by 1.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 31,233 shares of the bank’s stock worth $1,762,000 after buying an additional 297 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Enterprise Financial Services by 7.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,141 shares of the bank’s stock worth $403,000 after buying an additional 502 shares in the last quarter. Versant Capital Management Inc acquired a new position in Enterprise Financial Services during the 4th quarter worth $29,000. Finally, FMR LLC lifted its holdings in Enterprise Financial Services by 34.2% during the 3rd quarter. FMR LLC now owns 2,560 shares of the bank’s stock worth $131,000 after buying an additional 653 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Insider Transactions at Enterprise Financial Services

In other news, Director James M. Havel sold 5,525 shares of the 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 completion of the transaction, the director now directly owns 15,447 shares in the company, valued at $903,186.09. This represents a 26.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.

Enterprise Financial Services Price Performance

EFSC stock opened at $56.65 on Tuesday. The stock has a 50-day moving average price of $58.14 and a two-hundred day moving average price of $56.05. The stock has a market cap of $2.09 billion, a PE ratio of 11.70 and a beta of 0.97. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services Corp has a 1 year low of $37.28 and a 1 year high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Monday, January 27th. The bank reported $1.32 earnings per share (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%. Equities analysts forecast that Enterprise Financial Services Corp will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.05%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, March 14th. Enterprise Financial Services’s dividend payout ratio is currently 23.97%.

Analyst Upgrades and Downgrades

EFSC has been the topic of several research reports. DA Davidson upped their price objective on Enterprise Financial Services from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $70.00 target price (up previously from $68.00) on shares of Enterprise Financial Services in a research report on Wednesday, January 29th.

About Enterprise Financial Services

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.