Enterprise Financial Services Corp (NASDAQ:EFSC) is PL Capital Advisors LLC’s Largest Position

PL Capital Advisors LLC boosted its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 5,540.0% during the 4th quarter, HoldingsChannel reports. The firm owned 39,695,956 shares of the bank’s stock after purchasing an additional 38,992,127 shares during the period. Enterprise Financial Services comprises about 26.2% of PL Capital Advisors LLC’s investment portfolio, making the stock its biggest position. PL Capital Advisors LLC owned about 1.07% of Enterprise Financial Services worth $2,238,852,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Wellington Management Group LLP grew its position in shares of Enterprise Financial Services by 16.6% during the 3rd quarter. Wellington Management Group LLP now owns 3,545,092 shares of the bank’s stock valued at $181,721,000 after acquiring an additional 505,552 shares during the period. Geode Capital Management LLC lifted its position in Enterprise Financial Services by 0.9% during 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 in the last quarter. Jennison Associates LLC grew its holdings in Enterprise Financial Services by 28.3% during 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. JPMorgan Chase & Co. increased its position in Enterprise Financial Services by 5.6% in the third quarter. JPMorgan Chase & Co. now owns 557,875 shares of the bank’s stock worth $28,597,000 after buying an additional 29,747 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Enterprise Financial Services by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 421,874 shares of the bank’s stock worth $21,625,000 after buying an additional 3,586 shares during the period. 72.21% of the stock is currently owned by institutional investors.

Enterprise Financial Services Price Performance

NASDAQ:EFSC opened at $58.51 on Wednesday. The business’s 50-day simple moving average is $58.04 and its two-hundred day simple moving average is $55.45. Enterprise Financial Services Corp has a 52 week low of $37.28 and a 52 week high of $63.13. The stock has a market cap of $2.17 billion, a PE ratio of 12.09 and a beta of 0.99. 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 released its earnings results on Monday, January 27th. The bank reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 forecast that Enterprise Financial Services Corp will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Friday, March 14th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.28. Enterprise Financial Services’s payout ratio is 23.97%.

Wall Street Analyst Weigh In

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

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.