2 weeks Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,200 shares of the bank’s stock, valued at approximately $406,000. Several other institutional investors and hedge funds have also modified their holdings of the business.
Versant Capital Management Inc bought a new position in shares of Enterprise Financial Services in the 4th quarter valued at approximately $29,000. Quarry LP grew its holdings in 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 during the last quarter. Point72 DIFC Ltd bought a new position in shares of Enterprise Financial Services in the third quarter valued at approximately $102,000. FMR LLC lifted its stake in shares of Enterprise Financial Services by 34.
2% in the third quarter. FMR LLC now owns 2,560 shares of the bank’s stock worth $131,000 after buying an additional 653 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new stake in shares of Enterprise Financial Services during the 4th quarter worth $191,000.
Institutional investors and hedge funds own 72.21% of the company’s stock. Insider Buying and Selling at Enterprise Financial ServicesIn related news, Director James M.
Havel sold 5,525 shares of Enterprise Financial Services 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 transaction, the director now directly owns 15,447 shares of the company’s stock, valued at $903,186.09.
This trade represents a 26.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Company insiders own 2.30% of the company’s stock. Enterprise Financial Services Stock Down 2.
2 %NASDAQ EFSC opened at $47.86 on Friday. Enterprise Financial Services Corp has a twelve month low of $37.
28 and a twelve month high of $63.13. The stock has a market cap of $1.
77 billion, a PE ratio of 9.89 and a beta of 0.97.
The firm has a 50-day simple moving average of $57.55 and a 200 day simple moving average of $56.28.
The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.
91. Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The bank reported $1.
32 earnings per share (EPS) for the quarter, beating 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, research analysts forecast that Enterprise Financial Services Corp will post 4.97 EPS for the current year. Enterprise Financial Services Increases DividendThe business also recently declared a quarterly dividend, which was paid on Monday, March 31st.
Investors 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 of this dividend was Friday, March 14th. This represents a $1.
16 annualized dividend and a yield of 2.42%. Enterprise Financial Services’s payout ratio is currently 23.
97%. Analyst Upgrades and DowngradesA number of research analysts have weighed in on EFSC shares. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $70.
00 target price (up previously from $68.00) on shares of Enterprise Financial Services in a research report on Wednesday, January 29th. DA Davidson boosted their price objective on Enterprise Financial Services from $67.
00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th.View Our Latest Stock Analysis on EFSCEnterprise Financial Services Profile (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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