Parkside Financial Bank & Trust Has $318,000 Stake in Enterprise Financial Services Corp (NASDAQ:EFSC)

Parkside Financial Bank & Trust trimmed its stake in Enterprise Financial Services Corp (NASDAQ:EFSC) by 11.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,632 shares of the bank’s stock after selling 731 shares during the period. Parkside Financial Bank & Trust’s holdings in Enterprise Financial Services were worth $318,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. PL Capital Advisors LLC increased its holdings in Enterprise Financial Services by 5,540.0% in the fourth quarter. PL Capital Advisors LLC now owns 39,695,956 shares of the bank’s stock valued at $2,238,852,000 after purchasing an additional 38,992,127 shares during the period. Wellington Management Group LLP increased its holdings in Enterprise Financial Services by 16.6% in the third quarter. Wellington Management Group LLP now owns 3,545,092 shares of the bank’s stock valued at $181,721,000 after purchasing an additional 505,552 shares during the period. Geode Capital Management LLC increased its holdings in Enterprise Financial Services by 0.9% in the third quarter. Geode Capital Management LLC now owns 892,030 shares of the bank’s stock valued at $45,734,000 after purchasing an additional 8,180 shares during the period. Jennison Associates LLC increased its holdings in Enterprise Financial Services by 28.3% in the fourth quarter. Jennison Associates LLC now owns 566,780 shares of the bank’s stock valued at $31,966,000 after purchasing an additional 125,150 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Enterprise Financial Services by 5.6% in the third quarter. JPMorgan Chase & Co. now owns 557,875 shares of the bank’s stock valued at $28,597,000 after purchasing an additional 29,747 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. DA Davidson increased their price objective on Enterprise Financial Services from $67.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $70.00 price target (up from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th.

Enterprise Financial Services Stock Performance

Shares of Enterprise Financial Services stock opened at $59.08 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $58.19 and a two-hundred day moving average price of $55.56. Enterprise Financial Services Corp has a 1-year low of $37.28 and a 1-year high of $63.13. The company has a market cap of $2.19 billion, a P/E ratio of 12.21 and a beta of 0.99.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, January 27th. The bank reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.14. Enterprise Financial Services had a return on equity of 10.94% and a net margin of 20.12%. As a group, analysts anticipate that Enterprise Financial Services Corp will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Friday, March 14th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.28. Enterprise Financial Services’s dividend payout ratio is 23.97%.

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.