Plancorp LLC Sells 4,940 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Plancorp LLC trimmed its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,060 shares of the bank’s stock after selling 4,940 shares during the quarter. Plancorp LLC owned 0.16% of Enterprise Financial Services worth $3,331,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc bought a new stake in shares of Enterprise Financial Services during the fourth quarter worth $29,000. Quarry LP raised its holdings in shares of Enterprise Financial Services by 2,593.5% in the third quarter. Quarry LP now owns 835 shares of the bank’s stock valued at $43,000 after acquiring an additional 804 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Enterprise Financial Services in the third quarter valued at about $102,000. FMR LLC raised its holdings 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 valued at $131,000 after acquiring an additional 653 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Enterprise Financial Services by 169.7% in the third quarter. Advisors Asset Management Inc. now owns 3,452 shares of the bank’s stock valued at $177,000 after acquiring an additional 2,172 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Enterprise Financial Services

In other news, Director James M. Havel sold 5,525 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was 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 in the company, valued at approximately $903,186.09. The trade was a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EFSC has been the subject of several recent research reports. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $70.00 price objective (up from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th. DA Davidson lifted their price objective on Enterprise Financial Services from $67.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, January 29th.

Enterprise Financial Services Price Performance

EFSC opened at $55.03 on Friday. The business’s 50-day moving average is $58.21 and its two-hundred day moving average is $56.09. Enterprise Financial Services Corp has a 1 year low of $37.28 and a 1 year high of $63.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $2.03 billion, a PE ratio of 11.37 and a beta of 0.97.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. Research analysts anticipate that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.28. Enterprise Financial Services’s payout ratio is 23.97%.

Enterprise Financial Services Company 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.