Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,162 shares of the bank’s stock after selling 2,719 shares during the quarter. Fisher Asset Management LLC owned approximately 0.14% of Enterprise Financial Services worth $2,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in shares of Enterprise Financial Services by 263.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,469 shares of the bank’s stock worth $55,000 after buying an additional 1,065 shares during the last quarter. Emerald Advisers LLC acquired a new position in shares of Enterprise Financial Services in the 3rd quarter valued at $67,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Enterprise Financial Services by 14.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,686 shares of the bank’s stock worth $138,000 after purchasing an additional 466 shares during the period. Strs Ohio increased its position in shares of Enterprise Financial Services by 9.5% during the 4th quarter. Strs Ohio now owns 4,600 shares of the bank’s stock worth $205,000 after purchasing an additional 400 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in Enterprise Financial Services by 33.5% in the 3rd quarter. Federated Hermes Inc. now owns 5,546 shares of the bank’s stock valued at $208,000 after buying an additional 1,393 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. DA Davidson dropped their price target on shares of Enterprise Financial Services from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Piper Sandler decreased their price target on Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Finally, Keefe, Bruyette & Woods cut their price objective on Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.00.

Enterprise Financial Services Price Performance

Shares of NASDAQ EFSC opened at $39.64 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 8.49 and a beta of 0.99. The stock’s 50-day moving average is $39.11 and its two-hundred day moving average is $40.17. Enterprise Financial Services Corp has a 1-year low of $32.97 and a 1-year high of $46.17.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.04 dividend on an annualized basis and a yield of 2.62%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.25. Enterprise Financial Services’s payout ratio is currently 22.27%.

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.