Bank of America Corp DE Has $17.94 Million Stock Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Bank of America Corp DE trimmed its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 318,111 shares of the bank’s stock after selling 4,469 shares during the quarter. Bank of America Corp DE owned approximately 0.86% of Enterprise Financial Services worth $17,941,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EFSC. PL Capital Advisors LLC grew its position in shares of Enterprise Financial Services by 5,540.0% during the 4th quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank’s stock worth $2,238,852,000 after buying an additional 38,992,127 shares during the period. Dimensional Fund Advisors LP boosted its stake in Enterprise Financial Services by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,215,368 shares of the bank’s stock valued at $124,947,000 after acquiring an additional 54,987 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 acquiring an additional 13,724 shares during the last quarter. American Century Companies Inc. grew its holdings in Enterprise Financial Services by 12.9% during the 4th quarter. American Century Companies Inc. now owns 847,939 shares of the bank’s stock worth $47,824,000 after acquiring an additional 96,822 shares during the period. Finally, William Blair Investment Management LLC raised its position in shares of Enterprise Financial Services by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 694,316 shares of the bank’s stock valued at $39,159,000 after acquiring an additional 16,922 shares during the last quarter. 72.21% of the stock is owned by institutional investors.

Insider Activity

In related news, Director James M. Havel sold 5,525 shares of the business’s stock in a transaction 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO James Brian Lally sold 4,689 shares of Enterprise Financial Services stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $55.18, for a total value of $258,739.02. Following the completion of the sale, the chief executive officer now directly owns 106,974 shares in the company, valued at $5,902,825.32. This represents a 4.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,614 shares of company stock worth $603,790 in the last 90 days. Corporate insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

EFSC has been the topic of a number of analyst reports. DA Davidson cut their price target on Enterprise Financial Services from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods dropped their price objective on Enterprise Financial Services from $69.00 to $66.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th.

Enterprise Financial Services Stock Down 0.2%

Shares of NASDAQ:EFSC opened at $54.44 on Wednesday. The company has a 50 day moving average price of $52.16 and a two-hundred day moving average price of $56.16. 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 company has a market capitalization of $2.01 billion, a PE ratio of 11.25 and a beta of 0.85. Enterprise Financial Services Corp has a 52 week low of $37.28 and a 52 week high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, April 28th. The bank reported $1.31 EPS for the quarter, topping the consensus estimate of $1.17 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. The business had revenue of $18.48 million for the quarter, compared to the consensus estimate of $162.83 million. Analysts forecast 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 will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Monday, June 16th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.29. Enterprise Financial Services’s payout ratio is 23.53%.

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.