Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,233 shares of the bank’s stock after purchasing an additional 297 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.08% of Enterprise Financial Services worth $1,762,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. PL Capital Advisors LLC raised its stake in shares of 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 acquiring an additional 38,992,127 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of 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 acquiring an additional 505,552 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 acquiring an additional 8,180 shares in the last quarter. Jennison Associates LLC raised its stake in shares of 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 acquiring an additional 125,150 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of 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 acquiring an additional 29,747 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on EFSC. 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 research note on Wednesday, January 29th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $70.00 target price (up previously from $68.00) on shares of Enterprise Financial Services in a report on Wednesday, January 29th.

Insiders Place Their Bets

In other Enterprise Financial Services news, Director James M. Havel sold 5,525 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $58.47, for a total transaction of $323,046.75. Following the transaction, the director now owns 15,447 shares of the company’s stock, valued at approximately $903,186.09. This trade represents a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Enterprise Financial Services Stock Performance

NASDAQ:EFSC opened at $59.17 on Tuesday. The firm has a market capitalization of $2.20 billion, a PE ratio of 12.23 and a beta of 0.99. The business’s fifty day moving average price is $58.24 and its 200 day moving average price is $55.74. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. Enterprise Financial Services Corp has a 12 month low of $37.28 and a 12 month high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, January 27th. The bank reported $1.32 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that Enterprise Financial Services Corp will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.96%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 23.97%.

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.