Crestline Management LP Acquires Shares of 3,600 Enterprise Financial Services Corp (NASDAQ:EFSC)

Crestline Management LP bought a new stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) during the 4th quarter, Holdings Channel reports. The fund bought 3,600 shares of the bank’s stock, valued at approximately $203,000.

Other hedge funds have also recently made changes to their positions in the company. New York State Teachers Retirement System purchased a new position in shares of Enterprise Financial Services during the fourth quarter valued at approximately $191,000. Captrust Financial Advisors purchased a new position in shares of Enterprise Financial Services during the fourth quarter valued at approximately $204,000. HighTower Advisors LLC purchased a new position in shares of Enterprise Financial Services during the fourth quarter valued at approximately $212,000. Summit Investment Advisors Inc. increased its stake in shares of Enterprise Financial Services by 7.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,873 shares of the bank’s stock valued at $218,000 after buying an additional 265 shares during the period. Finally, US Bancorp DE increased its stake in shares of Enterprise Financial Services by 5.7% during the fourth quarter. US Bancorp DE now owns 4,095 shares of the bank’s stock valued at $231,000 after buying an additional 222 shares during the period. 72.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Enterprise Financial Services

In other news, Director James M. Havel sold 5,525 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $58.47, for a total value of $323,046.75. Following the sale, the director now directly owns 15,447 shares of the company’s stock, valued at approximately $903,186.09. This represents a 26.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EFSC shares. Keefe, Bruyette & Woods reduced their target price on Enterprise Financial Services from $69.00 to $66.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. DA Davidson reduced their target price on Enterprise Financial Services from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th.

Enterprise Financial Services Price Performance

Shares of EFSC stock opened at $53.39 on Monday. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 11.03 and a beta of 0.85. The business’s fifty day moving average is $52.29 and its 200 day moving average is $56.10. Enterprise Financial Services Corp has a twelve month low of $37.28 and a twelve month 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.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, April 28th. The bank reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.14. The company had revenue of $18.48 million for the quarter, compared to analysts’ expectations of $162.83 million. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. Research analysts expect that Enterprise Financial Services Corp will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.25%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, June 16th. Enterprise Financial Services’s dividend payout ratio is presently 23.53%.

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.