Sei Investments Co. increased its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC – Get Rating) by 6.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 101,476 shares of the bank’s stock after acquiring an additional 5,764 shares during the period. Sei Investments Co. owned about 0.27% of Enterprise Financial Services worth $4,968,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. New York Life Investment Management LLC lifted its holdings in Enterprise Financial Services by 12.0% during the 4th quarter. New York Life Investment Management LLC now owns 11,991 shares of the bank’s stock valued at $587,000 after buying an additional 1,287 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Enterprise Financial Services by 49.7% in the fourth quarter. Victory Capital Management Inc. now owns 17,209 shares of the bank’s stock valued at $843,000 after purchasing an additional 5,710 shares during the period. Aigen Investment Management LP bought a new position in Enterprise Financial Services in the fourth quarter worth approximately $318,000. PNC Financial Services Group Inc. increased its holdings in Enterprise Financial Services by 29.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,061 shares of the bank’s stock worth $52,000 after purchasing an additional 243 shares during the period. Finally, Bank of Nova Scotia bought a new stake in Enterprise Financial Services during the 4th quarter valued at $287,000. Hedge funds and other institutional investors own 68.87% of the company’s stock.
Enterprise Financial Services Stock Performance
Shares of EFSC opened at $41.25 on Tuesday. The stock has a fifty day moving average price of $41.70 and a 200-day moving average price of $47.73. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. Enterprise Financial Services Corp has a 12 month low of $36.16 and a 12 month high of $56.35. The firm has a market cap of $1.54 billion, a PE ratio of 7.43 and a beta of 1.11.
Enterprise Financial Services (NASDAQ:EFSC – Get Rating) last released its earnings results on Tuesday, April 25th. The bank reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.09. Enterprise Financial Services had a net margin of 33.24% and a return on equity of 14.73%. The company had revenue of $185.93 million during the quarter, compared to analysts’ expectations of $154.13 million. During the same period last year, the business earned $1.23 EPS. Equities research analysts predict that Enterprise Financial Services Corp will post 5.37 earnings per share for the current fiscal year.
Enterprise Financial Services Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.42%. Enterprise Financial Services’s dividend payout ratio (DPR) is 18.02%.
Insiders Place Their Bets
In related news, Director Stephen P. Marsh bought 2,473 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were purchased at an average cost of $40.40 per share, with a total value of $99,909.20. Following the completion of the acquisition, the director now directly owns 47,540 shares in the company, valued at $1,920,616. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research firms recently weighed in on EFSC. StockNews.com initiated coverage on Enterprise Financial Services in a report on Thursday, May 18th. They issued a “hold” rating for the company. Piper Sandler lowered their price target on shares of Enterprise Financial Services from $54.00 to $48.00 in a research report on Wednesday, April 26th. Finally, Raymond James cut their price objective on shares of Enterprise Financial Services from $52.00 to $50.00 in a report on Wednesday, April 26th.
Enterprise Financial Services Company Profile
Enterprise Financial Services Corp. operates as a financial holding company. The firm engages in the provision of business and personal banking services and wealth management services. It also offers lending services which include commercial and industrial commercial real estate, real estate construction and development, residential real estate and consumer loans.
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