Hudson Edge Investment Partners Inc. Sells 4,254 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Hudson Edge Investment Partners Inc. decreased its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 66.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,152 shares of the bank’s stock after selling 4,254 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Enterprise Financial Services were worth $121,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its position in 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 worth $181,721,000 after acquiring an additional 505,552 shares during the last quarter. Geode Capital Management LLC grew its position in Enterprise Financial Services by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 892,030 shares of the bank’s stock worth $45,734,000 after acquiring an additional 8,180 shares during the last quarter. Jennison Associates LLC grew its position in Enterprise Financial Services by 28.3% during the 4th quarter. Jennison Associates LLC now owns 566,780 shares of the bank’s stock worth $31,966,000 after acquiring an additional 125,150 shares during the last quarter. JPMorgan Chase & Co. grew its position in Enterprise Financial Services by 5.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 557,875 shares of the bank’s stock worth $28,597,000 after acquiring an additional 29,747 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Enterprise Financial Services by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 421,874 shares of the bank’s stock worth $21,625,000 after acquiring an additional 3,586 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

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

Enterprise Financial Services Stock Down 2.2 %

Shares of EFSC opened at $59.25 on Friday. The company has a market capitalization of $2.20 billion, a PE ratio of 12.24 and a beta of 0.99. Enterprise Financial Services Corp has a 12 month low of $37.28 and a 12 month high of $63.13. The stock’s 50-day moving average price is $58.07 and its two-hundred day moving average price is $55.26. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, January 27th. The bank reported $1.32 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%. On average, analysts anticipate that Enterprise Financial Services Corp will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.96%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, March 14th. Enterprise Financial Services’s payout ratio is currently 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.