Endeavour Capital Advisors Inc. decreased its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 17.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 368,459 shares of the bank’s stock after selling 75,527 shares during the period. Enterprise Financial Services accounts for about 6.7% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 5th largest position. Endeavour Capital Advisors Inc. owned about 1.60% of Enterprise Financial Services worth $16,636,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its stake in Enterprise Financial Services by 281.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 3,431 shares of the bank’s stock worth $145,000 after acquiring an additional 2,531 shares during the period. BNP Paribas Arbitrage SA raised its stake in Enterprise Financial Services by 89.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,385 shares of the bank’s stock worth $186,000 after acquiring an additional 2,075 shares during the period. SG Americas Securities LLC bought a new stake in Enterprise Financial Services during the 3rd quarter worth approximately $229,000. Acropolis Investment Management LLC raised its stake in Enterprise Financial Services by 96.6% during the 4th quarter. Acropolis Investment Management LLC now owns 7,620 shares of the bank’s stock worth $344,000 after acquiring an additional 3,745 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in Enterprise Financial Services during the 4th quarter worth approximately $363,000. Institutional investors own 72.95% of the company’s stock.
In other news, President Scott Richard Goodman sold 1,200 shares of Enterprise Financial Services stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $47.55, for a total transaction of $57,060.00. Following the sale, the president now owns 41,875 shares in the company, valued at $1,991,156.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.60% of the company’s stock.
Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Monday, January 22nd. The bank reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01. The firm had revenue of $58.52 million for the quarter, compared to analysts’ expectations of $56.93 million. Enterprise Financial Services had a net margin of 20.34% and a return on equity of 11.13%. sell-side analysts expect that Enterprise Financial Services Corp will post 3.54 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Wednesday, March 14th. Enterprise Financial Services’s payout ratio is currently 21.26%.
A number of equities research analysts have commented on the stock. BidaskClub cut shares of Enterprise Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 27th. Zacks Investment Research cut shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. ValuEngine cut shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $54.50 price objective on shares of Enterprise Financial Services in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $50.83.
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About Enterprise Financial Services
Enterprise Financial Services Corp is a financial holding company for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets.
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