Deutsche Bank AG Raises Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Deutsche Bank AG increased its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 56.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,874 shares of the bank’s stock after buying an additional 11,169 shares during the period. Deutsche Bank AG owned about 0.08% of Enterprise Financial Services worth $1,741,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of EFSC. US Bancorp DE raised its position in shares of Enterprise Financial Services by 5.7% in the 4th quarter. US Bancorp DE now owns 4,095 shares of the bank’s stock worth $231,000 after acquiring an additional 222 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in Enterprise Financial Services by 7.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,873 shares of the bank’s stock valued at $218,000 after purchasing an additional 265 shares during the last quarter. Prudential Financial Inc. raised its holdings in Enterprise Financial Services by 1.1% in the fourth quarter. Prudential Financial Inc. now owns 27,696 shares of the bank’s stock worth $1,629,000 after purchasing an additional 293 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Enterprise Financial Services by 1.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 31,233 shares of the bank’s stock valued at $1,762,000 after buying an additional 297 shares during the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of Enterprise Financial Services by 7.5% in the 4th quarter. XTX Topco Ltd now owns 5,714 shares of the bank’s stock valued at $322,000 after buying an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Price Performance

Shares of EFSC stock opened at $52.58 on Friday. Enterprise Financial Services Corp has a fifty-two week low of $37.28 and a fifty-two 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 firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 10.86 and a beta of 0.85. The stock’s 50-day simple moving average is $51.95 and its 200-day simple moving average is $56.14.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Monday, April 28th. The bank reported $1.31 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $18.48 million during the quarter, compared to analysts’ expectations of $162.83 million. As a group, equities analysts forecast that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business 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. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.28%. Enterprise Financial Services’s payout ratio is 23.53%.

Insider Activity at Enterprise Financial Services

In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of the business’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 sale, the director now owns 15,447 shares in the company, valued at approximately $903,186.09. The trade was a 26.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Brian Lally sold 4,689 shares of the 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,614 shares of company stock valued at $603,790 in the last ninety days. Company insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

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

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.