Wellington Management Group LLP Sells 171,165 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Wellington Management Group LLP decreased its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,373,927 shares of the bank’s stock after selling 171,165 shares during the quarter. Wellington Management Group LLP owned 9.12% of Enterprise Financial Services worth $190,289,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EFSC. Intech Investment Management LLC bought a new stake in Enterprise Financial Services during the third quarter worth about $297,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Enterprise Financial Services by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 421,874 shares of the bank’s stock worth $21,625,000 after acquiring an additional 3,586 shares in the last quarter. Quantbot Technologies LP bought a new stake in Enterprise Financial Services during the 3rd quarter worth approximately $198,000. FMR LLC increased its holdings in Enterprise Financial Services by 34.2% during the 3rd quarter. FMR LLC now owns 2,560 shares of the bank’s stock valued at $131,000 after purchasing an additional 653 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Enterprise Financial Services by 2.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,506 shares of the bank’s stock valued at $4,486,000 after purchasing an additional 2,452 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EFSC. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $70.00 target price (up from $68.00) on shares of Enterprise Financial Services in a research note on Wednesday, January 29th. DA Davidson raised their price objective on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th.

Enterprise Financial Services Stock Up 1.5 %

Shares of EFSC opened at $54.30 on Thursday. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 11.22 and a beta of 0.97. 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 business’s fifty day moving average price is $57.87 and its two-hundred day moving average price is $56.35.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, January 27th. The bank reported $1.32 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%. On average, analysts predict that Enterprise Financial Services Corp will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.29 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, March 14th. Enterprise Financial Services’s dividend payout ratio is currently 23.97%.

Insider Buying and Selling at Enterprise Financial Services

In other news, Director James M. Havel sold 5,525 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $58.47, for a total value of $323,046.75. Following 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 document filed with the SEC, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

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.