Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,162 shares of the bank’s stock after selling 2,719 shares during the period. Fisher Asset Management LLC’s holdings in Enterprise Financial Services were worth $2,418,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of Enterprise Financial Services by 11.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,144,988 shares of the bank’s stock worth $80,437,000 after purchasing an additional 220,690 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Enterprise Financial Services by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,946,265 shares of the bank’s stock valued at $72,985,000 after acquiring an additional 14,588 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Enterprise Financial Services by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,413 shares of the bank’s stock worth $15,428,000 after purchasing an additional 16,069 shares during the period. Jennison Associates LLC raised its position in Enterprise Financial Services by 34.3% in the fourth 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 during the period. Finally, American Century Companies Inc. lifted its stake in shares of Enterprise Financial Services by 14.7% during the third quarter. American Century Companies Inc. now owns 349,266 shares of the bank’s stock worth $13,097,000 after purchasing an additional 44,694 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EFSC shares. Piper Sandler reduced their price target on Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. DA Davidson dropped their price target on shares of Enterprise Financial Services from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods lowered their target price on Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Enterprise Financial Services Price Performance

Shares of EFSC stock opened at $39.64 on Thursday. The firm has a market cap of $1.49 billion, a P/E ratio of 8.49 and a beta of 0.99. The firm has a fifty day moving average of $39.11 and a two-hundred day moving average of $40.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.92. Enterprise Financial Services Corp has a 1-year low of $32.97 and a 1-year high of $46.17.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.04 annualized dividend and a yield of 2.62%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.25. Enterprise Financial Services’s dividend payout ratio is presently 22.27%.

About Enterprise Financial Services

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.