1 week Ago By Defense World Staff
Invesco Ltd. raised its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC – Free Report) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC.
The fund owned 82,228 shares of the bank’s stock after acquiring an additional 4,399 shares during the quarter. Invesco Ltd. owned about 0.
22% of Enterprise Financial Services worth $4,638,000 as of its most recent SEC filing. A number of other institutional investors have also recently bought and sold shares of the business. Versant Capital Management Inc bought a new position in shares of Enterprise Financial Services in the 4th quarter worth $29,000.
New York State Teachers Retirement System bought a new position in Enterprise Financial Services during the fourth quarter worth about $191,000. HighTower Advisors LLC acquired a new position in shares of Enterprise Financial Services during the 4th quarter worth about $212,000. US Bancorp DE increased its stake in shares of Enterprise Financial Services by 5.
7% in the 4th quarter. US Bancorp DE now owns 4,095 shares of the bank’s stock valued at $231,000 after acquiring an additional 222 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of Enterprise Financial Services by 15.
1% in the 4th quarter. LPL Financial LLC now owns 6,963 shares of the bank’s stock valued at $393,000 after acquiring an additional 915 shares during the last quarter. Institutional investors and hedge funds own 72.
21% of the company’s stock. Enterprise Financial Services Price PerformanceShares of EFSC opened at $51.34 on Friday.
The stock has a 50 day simple moving average of $53.54 and a 200 day simple moving average of $56.04.
Enterprise Financial Services Corp has a 52-week low of $37.28 and a 52-week 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. The firm has a market capitalization of $1.90 billion, a PE ratio of 10.
61 and a beta of 0.84. Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last issued its quarterly earnings data 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%. Sell-side analysts predict that Enterprise Financial Services Corp will post 4.97 EPS for the current fiscal year.
Enterprise Financial Services Increases DividendThe company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.29 dividend.
This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.26%.
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.
Enterprise Financial Services’s payout ratio is 23.97%. Wall Street Analysts Forecast GrowthEFSC has been the subject of a number of analyst reports.
DA Davidson boosted their price objective 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 reissued an “outperform” rating and issued a $70.00 price target (up previously from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th.
Check Out Our Latest Report on EFSCInsider Transactions at Enterprise Financial ServicesIn other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was 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 owns 15,447 shares of the company’s stock, valued at $903,186.
09. This represents a 26.34 % decrease in their position.
The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is owned by insiders.
About 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. It provides checking, savings, money market accounts, and certificates of deposit.Further ReadingFive stocks we like better than Enterprise Financial ServicesWhat is the Shanghai Stock Exchange Composite Index?Markets Think Robinhood Earnings Could Send the Stock UpWhat Does a Gap Up Mean in Stocks? How to Play the GapChurchill Downs Stock: Could Tariff Fears Dampen Derby Gains?REIT Stocks – Best REIT Stocks to Add to Your Portfolio TodayAT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround.
