Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Bought by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC raised its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 233,682 shares of the bank’s stock after purchasing an additional 5,954 shares during the period. Bridgeway Capital Management LLC owned 0.63% of Enterprise Financial Services worth $13,180,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EFSC. Barclays PLC raised its stake in Enterprise Financial Services by 73.3% in the third quarter. Barclays PLC now owns 83,910 shares of the bank’s stock valued at $4,302,000 after buying an additional 35,484 shares during the last quarter. Franklin Resources Inc. raised its position 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. JPMorgan Chase & Co. boosted its stake in Enterprise Financial Services by 5.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 557,875 shares of the bank’s stock worth $28,597,000 after purchasing an additional 29,747 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Enterprise Financial Services during the 4th quarter worth approximately $29,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Enterprise Financial Services by 7.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,141 shares of the bank’s stock valued at $403,000 after purchasing an additional 502 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. DA Davidson dropped their price objective on shares of Enterprise Financial Services from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Keefe, Bruyette & Woods cut their price objective on Enterprise Financial Services from $69.00 to $66.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th.

Enterprise Financial Services Trading Up 0.0 %

Shares of Enterprise Financial Services stock opened at $52.97 on Tuesday. Enterprise Financial Services Corp has a 1 year low of $37.28 and a 1 year high of $63.13. 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 stock has a market cap of $1.96 billion, a PE ratio of 10.94 and a beta of 0.84. The firm has a fifty day moving average price of $52.71 and a 200 day moving average price of $56.09.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.14. The business had revenue of $18.48 million during 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%. Equities 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.30 per share. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.27%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 23.53%.

Insider Activity

In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of Enterprise Financial Services 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 owns 15,447 shares of the company’s stock, valued at approximately $903,186.09. The trade was a 26.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.30% of the company’s stock.

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.