Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Acquired by Denali Advisors LLC

Denali Advisors LLC boosted its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 102.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,992 shares of the bank’s stock after purchasing an additional 61,806 shares during the period. Enterprise Financial Services comprises 0.7% of Denali Advisors LLC’s investment portfolio, making the stock its 29th biggest position. Denali Advisors LLC’s holdings in Enterprise Financial Services were worth $6,880,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PL Capital Advisors LLC lifted its holdings in shares of Enterprise Financial Services by 5,540.0% in the fourth quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank’s stock valued at $2,238,852,000 after purchasing an additional 38,992,127 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Enterprise Financial Services by 48.4% during the 4th quarter. New York State Common Retirement Fund now owns 67,186 shares of the bank’s stock worth $3,789,000 after purchasing an additional 21,922 shares during the last quarter. Peregrine Capital Management LLC lifted its stake in Enterprise Financial Services by 9.9% in the 4th quarter. Peregrine Capital Management LLC now owns 106,030 shares of the bank’s stock valued at $5,980,000 after buying an additional 9,565 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Enterprise Financial Services by 7.0% during the 4th quarter. Principal Financial Group Inc. now owns 17,252 shares of the bank’s stock valued at $973,000 after buying an additional 1,128 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new position in Enterprise Financial Services during the fourth quarter worth $191,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Enterprise Financial Services Trading Up 0.7 %

Shares of Enterprise Financial Services stock opened at $58.51 on Wednesday. Enterprise Financial Services Corp has a fifty-two week low of $37.28 and a fifty-two week high of $63.13. The business’s fifty day moving average is $58.04 and its two-hundred day moving average is $55.45. 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 cap of $2.17 billion, a PE ratio of 12.09 and a beta of 0.99.

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 return on equity of 10.94% and a net margin of 20.12%. Analysts anticipate that Enterprise Financial Services Corp will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.98%. This is an increase 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%.

Analysts Set New Price Targets

EFSC has been the topic of a number of analyst reports. DA Davidson increased their price objective on 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 set a $70.00 price target (up from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th.

Enterprise Financial Services Company 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.