Endeavour Capital Advisors Inc. Sells 40,933 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Endeavour Capital Advisors Inc. decreased its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 30.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 91,983 shares of the bank’s stock after selling 40,933 shares during the period. Enterprise Financial Services makes up about 1.7% of Endeavour Capital Advisors Inc.’s portfolio, making the stock its 19th biggest position. Endeavour Capital Advisors Inc. owned about 0.25% of Enterprise Financial Services worth $5,188,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Enterprise Financial Services by 1.3% in the 4th quarter. JPMorgan Chase & Co. now owns 565,314 shares of the bank’s stock valued at $31,884,000 after purchasing an additional 7,439 shares in the last quarter. Prudential Financial Inc. lifted its stake in Enterprise Financial Services by 1.1% in the 4th quarter. Prudential Financial Inc. now owns 27,696 shares of the bank’s stock valued at $1,629,000 after purchasing an additional 293 shares during the last quarter. Vanguard Group Inc. boosted its position in Enterprise Financial Services by 0.7% in 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 in the last quarter. LPL Financial LLC increased its position in shares of Enterprise Financial Services by 15.1% during the fourth quarter. LPL Financial LLC now owns 6,963 shares of the bank’s stock worth $393,000 after buying an additional 915 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in Enterprise Financial Services in the fourth quarter valued at $406,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Insider Buying and Selling

In 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 stock was sold at an average price of $58.47, for a total transaction of $323,046.75. Following the completion of the sale, the director now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EFSC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $70.00 target price (up previously from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th. DA Davidson increased their target price on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th.

Enterprise Financial Services Stock Down 0.4 %

Shares of NASDAQ:EFSC opened at $53.52 on Wednesday. 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 Corp has a 52-week low of $37.28 and a 52-week high of $63.13. The business’s 50 day simple moving average is $57.92 and its two-hundred day simple moving average is $56.37. The firm has a market cap of $1.98 billion, a P/E ratio of 11.06 and a beta of 0.97.

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

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 2.17%. Enterprise Financial Services’s payout ratio is presently 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.