133,975 Shares in Enterprise Financial Services Corp (NASDAQ:EFSC) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 133,975 shares of the bank’s stock, valued at approximately $7,556,000. Raymond James Financial Inc. owned 0.36% of Enterprise Financial Services as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in shares of Enterprise Financial Services during the fourth quarter worth approximately $29,000. Quarry LP boosted its holdings in shares of Enterprise Financial Services by 2,593.5% during the third quarter. Quarry LP now owns 835 shares of the bank’s stock worth $43,000 after purchasing an additional 804 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Enterprise Financial Services during the third quarter worth approximately $102,000. FMR LLC boosted its holdings in shares of Enterprise Financial Services by 34.2% during the third quarter. FMR LLC now owns 2,560 shares of the bank’s stock worth $131,000 after purchasing an additional 653 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in shares of Enterprise Financial Services during the fourth quarter worth approximately $191,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director James M. Havel sold 5,525 shares of Enterprise Financial Services stock in a transaction that occurred on Friday, February 28th. The shares were 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 trade represents a 26.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EFSC shares. Keefe, Bruyette & Woods reiterated 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 lifted their target price on shares of Enterprise Financial Services from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th.

Enterprise Financial Services Price Performance

NASDAQ EFSC opened at $55.03 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.03 billion, a PE ratio of 11.37 and a beta of 0.97. The company has a 50 day moving average price of $58.21 and a two-hundred day moving average price of $56.12. Enterprise Financial Services Corp has a 12-month low of $37.28 and a 12-month high of $63.13.

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 analysts’ consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. As a group, equities analysts predict that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.29 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.11%. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 23.97%.

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.