Atria Investments Inc Has $241,000 Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Atria Investments Inc decreased its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,278 shares of the bank’s stock after selling 319 shares during the period. Atria Investments Inc’s holdings in Enterprise Financial Services were worth $241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EFSC. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Enterprise Financial Services during the third quarter worth approximately $221,000. Advisors Asset Management Inc. increased its stake in Enterprise Financial Services by 169.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank’s stock valued at $177,000 after purchasing an additional 2,172 shares in the last quarter. Intech Investment Management LLC acquired a new position in Enterprise Financial Services during the third quarter worth $297,000. Foundry Partners LLC raised its holdings in Enterprise Financial Services by 1,856.8% during the third quarter. Foundry Partners LLC now owns 130,869 shares of the bank’s stock worth $6,708,000 after buying an additional 124,181 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Enterprise Financial Services by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 421,874 shares of the bank’s stock valued at $21,625,000 after buying an additional 3,586 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Insider Activity

In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of the firm’s stock in a transaction 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 directly owns 15,447 shares of the company’s stock, valued at $903,186.09. This trade represents a 26.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.30% of the company’s stock.

Enterprise Financial Services Price Performance

EFSC opened at $56.45 on Wednesday. Enterprise Financial Services Corp has a fifty-two week low of $37.28 and a fifty-two week high of $63.13. The firm has a 50-day moving average of $58.16 and a 200 day moving average of $56.07. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $2.09 billion, a P/E ratio of 11.66 and a beta of 0.97.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results 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 return on equity of 10.94% and a net margin of 20.12%. On average, research analysts expect that Enterprise Financial Services Corp will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on EFSC. DA Davidson boosted 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 price target (up previously from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th.

Enterprise Financial Services 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.