Intech Investment Management LLC Raises Stock Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Intech Investment Management LLC lifted its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 196.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,173 shares of the bank’s stock after acquiring an additional 11,385 shares during the quarter. Intech Investment Management LLC’s holdings in Enterprise Financial Services were worth $969,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Versant Capital Management Inc bought a new position in shares of Enterprise Financial Services during the fourth quarter valued at approximately $29,000. Quarry LP boosted its stake in shares of Enterprise Financial Services by 2,593.5% during the third quarter. Quarry LP now owns 835 shares of the bank’s stock valued at $43,000 after purchasing an additional 804 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Enterprise Financial Services during the third quarter valued at approximately $102,000. FMR LLC boosted its stake in shares of Enterprise Financial Services by 34.2% during the third quarter. FMR LLC now owns 2,560 shares of the bank’s stock valued at $131,000 after purchasing an additional 653 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Enterprise Financial Services by 169.7% during the third quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank’s stock valued at $177,000 after purchasing an additional 2,172 shares in the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $70.00 price objective (up from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th. DA Davidson raised their target price 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.

Insider Buying and Selling at Enterprise Financial Services

In other news, Director James M. Havel sold 5,525 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $58.47, for a total transaction of $323,046.75. Following the completion of the sale, the director now owns 15,447 shares of the company’s stock, valued at $903,186.09. The trade was a 26.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by corporate insiders.

Enterprise Financial Services Trading Down 1.1 %

NASDAQ:EFSC opened at $55.03 on Friday. Enterprise Financial Services Corp has a 12 month low of $37.28 and a 12 month high of $63.13. The firm has a fifty day simple moving average of $58.21 and a 200-day simple moving average of $56.12. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.03 billion, a P/E ratio of 11.37 and a beta of 0.97.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts anticipate 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, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.29 dividend. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.11%. Enterprise Financial Services’s payout ratio is presently 23.97%.

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.