Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,553 shares of the bank’s stock after selling 2,357 shares during the period. BNP Paribas Financial Markets’ holdings in Enterprise Financial Services were worth $764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its holdings in shares of Enterprise Financial Services by 11.4% in the 4th quarter. Ameriprise Financial Inc. now owns 83,179 shares of the bank’s stock valued at $4,691,000 after acquiring an additional 8,525 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in Enterprise Financial Services by 40.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 166,907 shares of the bank’s stock valued at $9,414,000 after purchasing an additional 48,367 shares during the period. Northern Trust Corp boosted its holdings in Enterprise Financial Services by 4.7% in the fourth quarter. Northern Trust Corp now owns 380,133 shares of the bank’s stock valued at $21,440,000 after purchasing an additional 17,185 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Enterprise Financial Services by 6.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 20,113 shares of the bank’s stock worth $1,134,000 after purchasing an additional 1,239 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in Enterprise Financial Services by 10.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,268 shares of the bank’s stock worth $1,651,000 after purchasing an additional 2,693 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Stock Down 0.8%

EFSC stock opened at $52.70 on Friday. Enterprise Financial Services Corp has a one year low of $37.28 and a one year 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 firm’s fifty day moving average is $52.03 and its 200 day moving average is $56.14. The firm has a market cap of $1.95 billion, a PE ratio of 10.89 and a beta of 0.85.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. The business had revenue of $18.48 million for the quarter, compared to analyst estimates of $162.83 million. On average, research analysts forecast that Enterprise Financial Services Corp will post 4.97 EPS 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. Shareholders of record on Monday, June 16th will be issued a $0.30 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 2.28%. The ex-dividend date is Monday, June 16th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 23.53%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EFSC. DA Davidson decreased their price objective on Enterprise Financial Services from $70.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Keefe, Bruyette & Woods decreased their price target 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.

Insider Buying and Selling at Enterprise Financial Services

In other news, 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 sale, the chief executive officer now owns 106,974 shares in the company, valued at $5,902,825.32. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James M. Havel sold 5,525 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $58.47, for a total transaction of $323,046.75. Following the transaction, the director now owns 15,447 shares of the company’s stock, valued at approximately $903,186.09. This trade represents a 26.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,614 shares of company stock valued at $603,790. Company insiders own 2.30% of the company’s stock.

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.