Principal Financial Group Inc. increased its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC – Free Report) by 14.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,904 shares of the bank’s stock after buying an additional 2,276 shares during the period. Principal Financial Group Inc.’s holdings in Enterprise Financial Services were worth $726,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in EFSC. Wellington Management Group LLP lifted its holdings in Enterprise Financial Services by 7.0% in the 4th quarter. Wellington Management Group LLP now owns 2,295,011 shares of the bank’s stock valued at $102,472,000 after purchasing an additional 150,023 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Enterprise Financial Services by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 1,994,848 shares of the bank’s stock valued at $89,070,000 after purchasing an additional 48,583 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Enterprise Financial Services by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,912,329 shares of the bank’s stock valued at $85,387,000 after purchasing an additional 99,703 shares in the last quarter. Jennison Associates LLC lifted its holdings in Enterprise Financial Services by 34.3% in the 4th quarter. Jennison Associates LLC now owns 411,256 shares of the bank’s stock valued at $18,363,000 after purchasing an additional 105,004 shares in the last quarter. Finally, Enterprise Financial Services Corp lifted its holdings in Enterprise Financial Services by 16.8% in the 4th quarter. Enterprise Financial Services Corp now owns 404,058 shares of the bank’s stock valued at $18,041,000 after purchasing an additional 58,027 shares in the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
EFSC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reduced their target price on shares of Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. DA Davidson dropped their price objective on shares of Enterprise Financial Services from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Enterprise Financial Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.
Enterprise Financial Services Trading Down 1.2 %
NASDAQ EFSC opened at $38.94 on Friday. Enterprise Financial Services Corp has a 12 month low of $32.97 and a 12 month high of $46.17. The company has a 50-day moving average of $38.97 and a 200-day moving average of $40.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $1.46 billion, a P/E ratio of 8.34 and a beta of 0.99.
Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last posted its earnings results on Monday, April 22nd. The bank reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.03). The business had revenue of $149.89 million for the quarter, compared to analyst estimates of $156.04 million. Enterprise Financial Services had a return on equity of 11.35% and a net margin of 20.60%. As a group, equities analysts predict that Enterprise Financial Services Corp will post 4.32 earnings per share for the current year.
Enterprise Financial Services Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Friday, June 14th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.25. Enterprise Financial Services’s dividend payout ratio is 22.27%.
Enterprise Financial Services Profile
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.
Featured Stories
Receive News & Ratings for Enterprise Financial Services Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Enterprise Financial Services and related companies with MarketBeat.com’s FREE daily email newsletter.
