Wells Fargo & Company MN Buys 8,702 Shares of Enterprise Financial Services Corp (EFSC)

Wells Fargo & Company MN raised its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,172 shares of the bank’s stock after buying an additional 8,702 shares during the quarter. Wells Fargo & Company MN owned about 0.21% of Enterprise Financial Services worth $2,220,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of Enterprise Financial Services by 6.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 988,194 shares of the bank’s stock worth $41,850,000 after purchasing an additional 63,020 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Enterprise Financial Services by 114.6% in the 4th quarter. American Century Companies Inc. now owns 102,908 shares of the bank’s stock worth $4,646,000 after purchasing an additional 54,948 shares in the last quarter. Maltese Capital Management LLC increased its holdings in shares of Enterprise Financial Services by 23.2% in the 4th quarter. Maltese Capital Management LLC now owns 230,144 shares of the bank’s stock worth $10,391,000 after purchasing an additional 43,338 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Enterprise Financial Services by 47.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 80,175 shares of the bank’s stock worth $3,395,000 after purchasing an additional 25,964 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in shares of Enterprise Financial Services by 5.9% in the 4th quarter. Mutual of America Capital Management LLC now owns 164,490 shares of the bank’s stock worth $7,427,000 after purchasing an additional 9,126 shares in the last quarter. Institutional investors and hedge funds own 73.17% of the company’s stock.

Enterprise Financial Services stock opened at $47.40 on Friday. The firm has a market capitalization of $1,105.20, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 1.50 and a beta of 0.93. Enterprise Financial Services Corp has a 12 month low of $36.65 and a 12 month high of $49.97. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 1.02.



Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, January 22nd. The bank reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.01. The business had revenue of $58.52 million during the quarter, compared to analyst estimates of $56.93 million. Enterprise Financial Services had a return on equity of 11.13% and a net margin of 20.34%. equities research analysts forecast that Enterprise Financial Services Corp will post 3.54 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Wednesday, March 14th. Enterprise Financial Services’s payout ratio is currently 17.05%.

In related news, President Scott Richard Goodman sold 1,200 shares of Enterprise Financial Services stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $47.55, for a total value of $57,060.00. Following the completion of the sale, the president now owns 41,875 shares of the company’s stock, valued at $1,991,156.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

A number of analysts have commented on EFSC shares. Zacks Investment Research lowered Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Piper Jaffray reissued a “buy” rating and issued a $54.50 target price on shares of Enterprise Financial Services in a report on Tuesday, January 9th. Finally, BidaskClub lowered Enterprise Financial Services from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $50.83.

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Enterprise Financial Services Profile

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.

Institutional Ownership by Quarter for Enterprise Financial Services (NASDAQ:EFSC)

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