14,495 Shares in Enterprise Financial Services Corp (NASDAQ:EFSC) Acquired by Proficio Capital Partners LLC

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

Other hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC boosted its position in Enterprise Financial Services by 27.9% during the third quarter. Jane Street Group LLC now owns 42,846 shares of the bank’s stock worth $2,196,000 after acquiring an additional 9,345 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Enterprise Financial Services by 94.8% in the 3rd quarter. Franklin Resources Inc. now owns 46,727 shares of the bank’s stock valued at $2,391,000 after purchasing an additional 22,739 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Enterprise Financial Services by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 892,030 shares of the bank’s stock valued at $45,734,000 after purchasing an additional 8,180 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Enterprise Financial Services by 5.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 557,875 shares of the bank’s stock valued at $28,597,000 after purchasing an additional 29,747 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Enterprise Financial Services by 2.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,506 shares of the bank’s stock valued at $4,486,000 after purchasing an additional 2,452 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Stock Performance

Enterprise Financial Services stock opened at $56.58 on Friday. Enterprise Financial Services Corp has a 12-month low of $37.28 and a 12-month high of $63.13. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 11.69 and a beta of 0.97. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s fifty day moving average price is $58.25 and its 200 day moving average price is $55.89.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Monday, January 27th. The bank reported $1.32 earnings per share for the quarter, topping 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 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. Investors 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 2.05%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.28. Enterprise Financial Services’s dividend payout ratio is currently 23.97%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EFSC shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $70.00 price target (up previously from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th. DA Davidson lifted their price target on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, January 29th.

Insider Activity at Enterprise Financial Services

In related news, Director James M. Havel sold 5,525 shares of the business’s 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 sale, the director now owns 15,447 shares of the company’s stock, valued at $903,186.09. This represents a 26.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

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.