2 weeks Ago By Defense World Staff
Prudential Financial Inc. boosted its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC – Free Report) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 27,696 shares of the bank’s stock after buying an additional 293 shares during the quarter. Prudential Financial Inc. owned approximately 0.
07% of Enterprise Financial Services worth $1,629,000 as of its most recent SEC filing. Several other large investors also recently added to or reduced their stakes in the stock. PL Capital Advisors LLC raised its stake in shares of Enterprise Financial Services by 5,540.
0% during 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 acquiring an additional 38,992,127 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Enterprise Financial Services by 16.
6% during the third quarter. Wellington Management Group LLP now owns 3,545,092 shares of the bank’s stock valued at $181,721,000 after buying an additional 505,552 shares during the period. Vanguard Group Inc.
increased its stake in shares of Enterprise Financial Services by 0.7% during the fourth quarter. Vanguard Group Inc.
now owns 2,089,008 shares of the bank’s stock valued at $117,820,000 after buying an additional 13,724 shares during the period. Geode Capital Management LLC raised its holdings in shares of Enterprise Financial Services by 0.9% in the third quarter.
Geode Capital Management LLC now owns 892,030 shares of the bank’s stock valued at $45,734,000 after acquiring an additional 8,180 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Enterprise Financial Services by 12.
9% in the fourth quarter. American Century Companies Inc. now owns 847,939 shares of the bank’s stock worth $47,824,000 after acquiring an additional 96,822 shares during the period.
72.21% of the stock is owned by hedge funds and other institutional investors. Insider Transactions at Enterprise Financial ServicesIn other Enterprise Financial Services news, Director James M.
Havel sold 5,525 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $58.47, for a total transaction of $323,046.
75. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Insiders own 2.30% of the company’s stock. Enterprise Financial Services Stock PerformanceShares of Enterprise Financial Services stock opened at $47.
86 on Friday. The company has a market capitalization of $1.77 billion, a PE ratio of 9.
89 and a beta of 0.97. The company has a 50-day simple moving average of $57.
55 and a two-hundred day simple moving average of $56.31. Enterprise Financial Services Corp has a one year low of $37.
28 and a one year high of $63.13. 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 posted its quarterly earnings data on Monday, January 27th. The bank reported $1.32 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%. Research analysts expect that Enterprise Financial Services Corp will post 4.
97 EPS for the current fiscal year. Enterprise Financial Services Increases DividendThe firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.
29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.
42%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.
28. Enterprise Financial Services’s dividend payout ratio is currently 23.97%.
Analyst Ratings ChangesSeveral research firms have recently commented on EFSC. DA Davidson boosted their price target on shares of 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 restated an “outperform” rating and set a $70.00 target price (up previously from $68.
00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th.Check Out Our Latest Analysis on Enterprise Financial ServicesEnterprise Financial Services Company 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. It provides checking, savings, money market accounts, and certificates of deposit.
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