Ameriprise Financial Inc. Purchases 8,525 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Ameriprise Financial Inc. raised its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,179 shares of the bank’s stock after acquiring an additional 8,525 shares during the period. Ameriprise Financial Inc. owned approximately 0.22% of Enterprise Financial Services worth $4,691,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC grew its position in shares of Enterprise Financial Services by 73.3% during the 3rd quarter. Barclays PLC now owns 83,910 shares of the bank’s stock worth $4,302,000 after buying an additional 35,484 shares in the last quarter. Jennison Associates LLC grew its position in Enterprise Financial Services by 28.3% during the 4th quarter. Jennison Associates LLC now owns 566,780 shares of the bank’s stock worth $31,966,000 after purchasing an additional 125,150 shares during the period. Empowered Funds LLC increased its holdings in shares of Enterprise Financial Services by 5.1% during the 4th quarter. Empowered Funds LLC now owns 123,282 shares of the bank’s stock valued at $6,953,000 after purchasing an additional 5,954 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Enterprise Financial Services in the fourth quarter valued at approximately $191,000. Finally, Principal Financial Group Inc. boosted its holdings in Enterprise Financial Services by 7.0% in the 4th quarter. Principal Financial Group Inc. now owns 17,252 shares of the bank’s stock worth $973,000 after buying an additional 1,128 shares during the last quarter. 72.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EFSC has been the subject of a number of research analyst reports. DA Davidson lowered their price target 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 objective on shares of Enterprise Financial Services from $69.00 to $66.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th.

Insider Transactions at Enterprise Financial Services

In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of the stock in a transaction that occurred on 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 $903,186.09. This trade represents a 26.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James Brian Lally sold 4,689 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $55.18, for a total transaction of $258,739.02. Following the completion of the transaction, the chief executive officer now owns 106,974 shares in the company, valued at approximately $5,902,825.32. The trade was 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 worth $603,790 in the last three months. Company insiders own 2.30% of the company’s stock.

Enterprise Financial Services Trading Down 0.2%

Shares of Enterprise Financial Services stock opened at $52.58 on Monday. Enterprise Financial Services Corp has a 52-week low of $37.28 and a 52-week high of $63.13. The company’s 50-day simple moving average is $51.95 and its 200-day simple moving average is $56.09. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 10.86 and a beta of 0.85. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, beating 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 research analysts anticipate that Enterprise Financial Services Corp will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Monday, June 16th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.29. Enterprise Financial Services’s payout ratio is currently 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.