1 week Ago By Defense World Staff
Geode Capital Management LLC lessened its position in Enterprise Financial Services Corp (NASDAQ:EFSC – Free Report) by 0.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 885,238 shares of the bank’s stock after selling 6,792 shares during the period.
Geode Capital Management LLC owned about 2.38% of Enterprise Financial Services worth $49,939,000 as of its most recent filing with the SEC. Several other large investors have also made changes to their positions in EFSC.
Jane Street Group LLC grew its stake in Enterprise Financial Services by 27.9% during the third quarter. Jane Street Group LLC now owns 42,846 shares of the bank’s stock worth $2,196,000 after buying an additional 9,345 shares during the last quarter.
Connor Clark & Lunn Investment Management Ltd. grew its position in Enterprise Financial Services by 437.4% during the 4th quarter.
Connor Clark & Lunn Investment Management Ltd. now owns 23,223 shares of the bank’s stock worth $1,310,000 after acquiring an additional 18,902 shares during the last quarter. Franklin Resources Inc.
increased its holdings in Enterprise Financial Services by 94.8% during 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 in the last quarter. JPMorgan Chase & Co. raised its position in Enterprise Financial Services by 5.
6% in the 3rd quarter. JPMorgan Chase & Co. now owns 557,875 shares of the bank’s stock valued at $28,597,000 after purchasing an additional 29,747 shares during the last quarter.
Finally, Fisher Asset Management LLC boosted its stake in Enterprise Financial Services by 37.0% in the fourth quarter. Fisher Asset Management LLC now owns 74,195 shares of the bank’s stock worth $4,185,000 after purchasing an additional 20,033 shares in the last quarter.
Institutional investors own 72.21% of the company’s stock. Insiders Place Their BetsIn related news, Director James M.
Havel sold 5,525 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 15,447 shares in the company, valued at $903,186.09.
This trade represents a 26.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Company insiders own 2.30% of the company’s stock. Enterprise Financial Services Stock Down 1.
0 %Shares of NASDAQ:EFSC opened at $46.20 on Monday. 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 $1.71 billion, a price-to-earnings ratio of 9.55 and a beta of 0.
84. The company has a 50 day moving average of $55.93 and a 200-day moving average of $56.
13. Enterprise Financial Services Corp has a one year low of $37.28 and a one year high of $63.
13. Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last released its earnings results on Monday, January 27th. The bank reported $1.
32 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts forecast that Enterprise Financial Services Corp will post 4.97 earnings per share for the current year. Enterprise Financial Services Increases DividendThe business also recently announced a quarterly dividend, which was paid on Monday, March 31st.
Shareholders of record on Friday, March 14th were paid a $0.29 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.
28. The ex-dividend date was Friday, March 14th. This represents a $1.
16 annualized dividend and a yield of 2.51%. Enterprise Financial Services’s dividend payout ratio is presently 23.
97%. Analyst Ratings ChangesA number of research analysts recently issued reports on the company. DA Davidson lifted their price target on Enterprise Financial Services from $67.
00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $70.
00 target price (up from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th.View Our Latest Stock Report on EFSCAbout Enterprise Financial Services (Free Report)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.
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