US Bancorp DE Grows Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

US Bancorp DE grew its stake in Enterprise Financial Services Corp (NASDAQ:EFSC) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,095 shares of the bank’s stock after buying an additional 222 shares during the period. US Bancorp DE’s holdings in Enterprise Financial Services were worth $231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. PL Capital Advisors LLC grew its stake in Enterprise Financial Services by 5,540.0% in the 4th quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank’s stock worth $2,238,852,000 after buying an additional 38,992,127 shares in the last quarter. Wellington Management Group LLP grew its stake in Enterprise Financial Services by 16.6% in the 3rd quarter. Wellington Management Group LLP now owns 3,545,092 shares of the bank’s stock worth $181,721,000 after buying an additional 505,552 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 in the last quarter. Jennison Associates LLC boosted its stake in shares of Enterprise Financial Services by 28.3% in the 4th quarter. Jennison Associates LLC now owns 566,780 shares of the bank’s stock valued at $31,966,000 after purchasing an additional 125,150 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake 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 in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Trading Up 2.2 %

NASDAQ:EFSC opened at $55.83 on Friday. The company has a fifty day moving average of $58.12 and a 200 day moving average of $55.95. Enterprise Financial Services Corp has a 52 week low of $37.28 and a 52 week high of $63.13. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.06 billion, a P/E ratio of 11.54 and a beta of 0.97.

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

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.29 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Friday, March 14th. Enterprise Financial Services’s dividend payout ratio is currently 23.97%.

Insider Activity at Enterprise Financial Services

In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of the company’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 in the company, valued at approximately $903,186.09. This represents a 26.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EFSC. DA Davidson upped 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. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $70.00 price objective (up previously from $68.00) on shares of Enterprise Financial Services in a research note 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.