Charles Schwab Investment Management Inc. Has $26.25 Million Stake in Enterprise Financial Services Corporation $EFSC

Charles Schwab Investment Management Inc. increased its stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 11.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 488,546 shares of the bank’s stock after acquiring an additional 51,878 shares during the period. Charles Schwab Investment Management Inc. owned about 1.32% of Enterprise Financial Services worth $26,254,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EFSC. LPL Financial LLC raised its holdings in shares of Enterprise Financial Services by 15.1% during the fourth quarter. LPL Financial LLC now owns 6,963 shares of the bank’s stock worth $393,000 after acquiring an additional 915 shares during the period. Invesco Ltd. raised its holdings in shares of Enterprise Financial Services by 5.7% during the fourth quarter. Invesco Ltd. now owns 82,228 shares of the bank’s stock worth $4,638,000 after acquiring an additional 4,399 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Enterprise Financial Services during the fourth quarter worth $1,072,000. Raymond James Financial Inc. acquired a new stake in shares of Enterprise Financial Services during the fourth quarter worth $7,556,000. Finally, Barclays PLC raised its holdings in shares of Enterprise Financial Services by 9.5% during the fourth quarter. Barclays PLC now owns 91,886 shares of the bank’s stock worth $5,183,000 after acquiring an additional 7,976 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Enterprise Financial Services from $69.00 to $66.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Wall Street Zen upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, DA Davidson lowered their price target on shares of 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. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $64.33.

Insider Transactions at Enterprise Financial Services

In other news, Director Michael E. Finn acquired 1,500 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was bought at an average cost of $54.11 per share, for a total transaction of $81,165.00. Following the completion of the transaction, the director directly owned 3,000 shares in the company, valued at $162,330. This represents a 100.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James Brian Lally sold 1,828 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $55.16, for a total transaction of $100,832.48. Following the sale, the chief executive officer owned 100,885 shares of the company’s stock, valued at approximately $5,564,816.60. This trade represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Enterprise Financial Services Stock Up 0.5%

Shares of EFSC opened at $57.25 on Thursday. Enterprise Financial Services Corporation has a 52 week low of $45.22 and a 52 week high of $63.13. The firm has a market cap of $2.12 billion, a P/E ratio of 10.86 and a beta of 0.90. The firm’s 50-day simple moving average is $55.87 and its 200 day simple moving average is $54.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 0.88.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, July 28th. The bank reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.17. The business had revenue of $176.05 million for the quarter, compared to analyst estimates of $166.82 million. Enterprise Financial Services had a net margin of 21.28% and a return on equity of 11.19%. On average, analysts forecast that Enterprise Financial Services Corporation 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 Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.24 dividend on an annualized basis and a yield of 2.2%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.30. Enterprise Financial Services’s payout ratio is presently 23.53%.

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.