Dimensional Fund Advisors LP lifted its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC – Get Rating) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,313,577 shares of the bank’s stock after purchasing an additional 52,245 shares during the period. Dimensional Fund Advisors LP owned about 3.53% of Enterprise Financial Services worth $64,314,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Enterprise Financial Services by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,826,207 shares of the bank’s stock worth $86,398,000 after purchasing an additional 10,203 shares during the last quarter. State Street Corp lifted its position in shares of Enterprise Financial Services by 5.4% during the 1st quarter. State Street Corp now owns 1,076,939 shares of the bank’s stock worth $50,950,000 after purchasing an additional 55,090 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Enterprise Financial Services by 6.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,034,934 shares of the bank’s stock worth $50,671,000 after purchasing an additional 65,171 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Enterprise Financial Services by 1.8% during the 3rd quarter. Macquarie Group Ltd. now owns 1,015,212 shares of the bank’s stock worth $44,725,000 after purchasing an additional 17,871 shares during the last quarter. Finally, PL Capital Advisors LLC lifted its position in shares of Enterprise Financial Services by 1.7% during the 4th quarter. PL Capital Advisors LLC now owns 780,829 shares of the bank’s stock worth $39,062,000 after purchasing an additional 12,859 shares during the last quarter. 68.87% of the stock is owned by hedge funds and other institutional investors.
Enterprise Financial Services Price Performance
Shares of EFSC opened at $41.62 on Friday. Enterprise Financial Services Corp has a 1-year low of $36.16 and a 1-year high of $56.35. The stock has a market cap of $1.55 billion, a PE ratio of 7.50 and a beta of 1.12. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a fifty day moving average price of $42.28 and a 200 day moving average price of $48.21.
Enterprise Financial Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.40%. Enterprise Financial Services’s dividend payout ratio is presently 18.02%.
Insider Buying and Selling at Enterprise Financial Services
In other Enterprise Financial Services news, Director Stephen P. Marsh acquired 2,473 shares of the company’s stock in a transaction on Friday, May 19th. The shares were bought at an average cost of $40.40 per share, for a total transaction of $99,909.20. Following the completion of the purchase, the director now owns 47,540 shares in the company, valued at approximately $1,920,616. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Stephen P. Marsh purchased 2,473 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were acquired at an average cost of $40.40 per share, for a total transaction of $99,909.20. Following the completion of the purchase, the director now directly owns 47,540 shares in the company, valued at approximately $1,920,616. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lyne Andrich purchased 1,840 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were purchased at an average price of $54.35 per share, for a total transaction of $100,004.00. Following the completion of the purchase, the director now owns 2,302 shares of the company’s stock, valued at $125,113.70. The disclosure for this purchase can be found here. 3.80% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
EFSC has been the subject of several recent analyst reports. StockNews.com assumed coverage on shares of Enterprise Financial Services in a research report on Thursday, May 18th. They set a “hold” rating for the company. Piper Sandler reduced their price target on shares of Enterprise Financial Services from $54.00 to $48.00 in a research report on Wednesday, April 26th. Finally, Raymond James reduced their price target on shares of Enterprise Financial Services from $52.00 to $50.00 in a research report on Wednesday, April 26th.
Enterprise Financial Services Company Profile
Enterprise Financial Services Corp. operates as a financial holding company. The firm engages in the provision of business and personal banking services and wealth management services. It also offers lending services which include commercial and industrial commercial real estate, real estate construction and development, residential real estate and consumer loans.
Read More
- Get a free copy of the StockNews.com research report on Enterprise Financial Services (EFSC)
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