Voya Investment Management LLC Cuts Stock Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

Voya Investment Management LLC lowered its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 5.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,636 shares of the bank’s stock after selling 726 shares during the period. Voya Investment Management LLC’s holdings in Enterprise Financial Services were worth $656,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in EFSC. New York State Teachers Retirement System purchased a new stake in Enterprise Financial Services in the 4th quarter valued at about $191,000. HighTower Advisors LLC purchased a new stake in shares of Enterprise Financial Services during the fourth quarter valued at approximately $212,000. Summit Investment Advisors Inc. boosted its position in Enterprise Financial Services by 7.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,873 shares of the bank’s stock worth $218,000 after purchasing an additional 265 shares during the last quarter. US Bancorp DE grew its stake in Enterprise Financial Services by 5.7% in the 4th quarter. US Bancorp DE now owns 4,095 shares of the bank’s stock valued at $231,000 after purchasing an additional 222 shares during the period. Finally, XTX Topco Ltd grew its stake in Enterprise Financial Services by 7.5% in the 4th quarter. XTX Topco Ltd now owns 5,714 shares of the bank’s stock valued at $322,000 after purchasing an additional 399 shares during the period. 72.21% of the stock is owned by institutional investors.

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 on Friday, February 28th. The shares were sold at an average price of $58.47, for a total value of $323,046.75. Following the completion of the transaction, the director now directly owns 15,447 shares of the company’s stock, valued at $903,186.09. This trade represents a 26.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by corporate insiders.

Enterprise Financial Services Stock Up 2.2 %

EFSC stock opened at $53.90 on Friday. Enterprise Financial Services Corp has a fifty-two week low of $37.28 and a fifty-two week high of $63.13. The stock has a fifty day moving average of $52.36 and a 200-day moving average of $56.06. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 11.14 and a beta of 0.85. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, April 28th. The bank reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.14. The firm had revenue of $18.48 million during the quarter, compared to the consensus estimate of $162.83 million. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. As a group, equities research analysts predict that Enterprise Financial Services Corp will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.30 per share. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a yield of 2.23%. Enterprise Financial Services’s dividend payout ratio is 23.53%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EFSC shares. DA Davidson cut their price target on shares of Enterprise Financial Services from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Keefe, Bruyette & Woods dropped their target price on shares of Enterprise Financial Services from $69.00 to $66.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th.

About Enterprise Financial Services

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.