Victory Capital Management Inc. Sells 2,131 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Victory Capital Management Inc. lowered its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,939 shares of the bank’s stock after selling 2,131 shares during the quarter. Victory Capital Management Inc.’s holdings in Enterprise Financial Services were worth $578,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of Enterprise Financial Services by 11.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,144,988 shares of the bank’s stock worth $80,437,000 after acquiring an additional 220,690 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Enterprise Financial Services by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,946,265 shares of the bank’s stock worth $72,985,000 after acquiring an additional 14,588 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Enterprise Financial Services by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,413 shares of the bank’s stock worth $15,428,000 after acquiring an additional 16,069 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Enterprise Financial Services by 34.3% during the 4th quarter. Jennison Associates LLC now owns 411,256 shares of the bank’s stock worth $18,363,000 after acquiring an additional 105,004 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Enterprise Financial Services by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 349,266 shares of the bank’s stock worth $13,097,000 after purchasing an additional 44,694 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. DA Davidson dropped their target price on shares of Enterprise Financial Services from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.00.

Enterprise Financial Services Stock Down 2.3 %

NASDAQ:EFSC opened at $38.38 on Friday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 8.22 and a beta of 0.99. Enterprise Financial Services Corp has a 1-year low of $32.97 and a 1-year high of $46.17. The company’s fifty day moving average price is $39.19 and its 200-day moving average price is $40.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.92 and a quick ratio of 0.92.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Monday, April 22nd. The bank reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.03). The business had revenue of $149.89 million during the quarter, compared to analyst estimates of $156.04 million. Enterprise Financial Services had a return on equity of 11.35% and a net margin of 20.60%. As a group, equities research analysts anticipate that Enterprise Financial Services Corp will post 4.32 EPS for the current year.

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 given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Friday, June 14th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.25. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 21.41%.

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.