Proficio Capital Partners LLC Invests $818,000 in Enterprise Financial Services Corp (NASDAQ:EFSC)

Proficio Capital Partners LLC purchased a new position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,495 shares of the bank’s stock, valued at approximately $818,000.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new position in Enterprise Financial Services during the 4th quarter valued at about $29,000. Quarry LP increased its stake in Enterprise Financial Services by 2,593.5% during the 3rd quarter. Quarry LP now owns 835 shares of the bank’s stock valued at $43,000 after buying an additional 804 shares during the period. Point72 DIFC Ltd acquired a new position in Enterprise Financial Services during the 3rd quarter valued at about $102,000. FMR LLC increased its stake in Enterprise Financial Services by 34.2% during the 3rd quarter. FMR LLC now owns 2,560 shares of the bank’s stock valued at $131,000 after buying an additional 653 shares during the period. Finally, New York State Teachers Retirement System acquired a new position in Enterprise Financial Services during the 4th quarter valued at about $191,000. Institutional investors own 72.21% of the company’s stock.

Insiders Place Their Bets

In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of the firm’s 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 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 filing with the SEC, which is available through this link. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. DA Davidson raised their target price on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $70.00 target price (up previously from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th.

Enterprise Financial Services Stock Performance

NASDAQ:EFSC opened at $55.03 on Friday. Enterprise Financial Services Corp has a twelve month low of $37.28 and a twelve month high of $63.13. 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 company has a 50-day moving average of $58.21 and a 200-day moving average of $56.12. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 11.37 and a beta of 0.97.

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

Enterprise Financial Services Increases Dividend

The company 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 $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.11%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, March 14th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 23.97%.

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.