Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,984 shares of the bank’s stock after selling 445 shares during the quarter. Rhumbline Advisers owned approximately 0.16% of Enterprise Financial Services worth $3,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System acquired a new stake in Enterprise Financial Services during the 4th quarter worth $191,000. Empowered Funds LLC raised its holdings in shares of Enterprise Financial Services by 5.1% in the fourth quarter. Empowered Funds LLC now owns 123,282 shares of the bank’s stock valued at $6,953,000 after buying an additional 5,954 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Enterprise Financial Services by 28.3% in the fourth quarter. Jennison Associates LLC now owns 566,780 shares of the bank’s stock valued at $31,966,000 after buying an additional 125,150 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Enterprise Financial Services by 7.6% during the fourth 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 during the period. Finally, Versant Capital Management Inc purchased a new position in shares of Enterprise Financial Services during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $70.00 target price (up previously 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 company a “buy” rating in a research note on Wednesday, January 29th.

Enterprise Financial Services Stock Performance

NASDAQ EFSC opened at $59.08 on Friday. 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 market capitalization of $2.19 billion, a PE ratio of 12.21 and a beta of 0.99. The business’s 50-day moving average price is $58.19 and its 200 day moving average price is $55.61. Enterprise Financial Services Corp has a twelve month low of $37.28 and a twelve month high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts predict that Enterprise Financial Services Corp will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.96%. This is a positive change 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 payout ratio is presently 23.97%.

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.