Parkside Financial Bank & Trust Reduces Position in Enterprise Financial Services Corporation (NASDAQ:EFSC)

Parkside Financial Bank & Trust reduced its position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 9.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,978 shares of the bank’s stock after selling 1,756 shares during the period. Parkside Financial Bank & Trust owned about 0.07% of Enterprise Financial Services Corporation worth $652,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EFSC. US Bancorp DE purchased a new position in shares of Enterprise Financial Services Corporation during the first quarter valued at approximately $171,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Enterprise Financial Services Corporation during the first quarter valued at approximately $201,000. Legal & General Group Plc increased its position in shares of Enterprise Financial Services Corporation by 4.5% in the first quarter. Legal & General Group Plc now owns 5,090 shares of the bank’s stock valued at $215,000 after buying an additional 219 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Enterprise Financial Services Corporation during the first quarter valued at approximately $332,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Enterprise Financial Services Corporation during the first quarter valued at approximately $335,000. Institutional investors own 68.98% of the company’s stock.

Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) traded down 1.105% on Friday, hitting $38.025. 189,100 shares of the stock traded hands. Enterprise Financial Services Corporation has a 52 week low of $29.26 and a 52 week high of $46.25. The firm has a market cap of $892.14 million, a P/E ratio of 16.547 and a beta of 0.85. The stock has a 50-day moving average price of $40.28 and a 200 day moving average price of $41.79.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, July 24th. The bank reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by $0.06. The firm had revenue of $53.57 million during the quarter, compared to the consensus estimate of $51.91 million. Enterprise Financial Services Corporation had a return on equity of 11.18% and a net margin of 24.54%. Equities research analysts predict that Enterprise Financial Services Corporation will post $2.52 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, September 14th. Enterprise Financial Services Corporation’s dividend payout ratio (DPR) is presently 18.97%.

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EFSC has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Enterprise Financial Services Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. BidaskClub downgraded shares of Enterprise Financial Services Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $45.00 price objective on shares of Enterprise Financial Services Corporation in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies restated a “buy” rating and set a $50.00 price objective on shares of Enterprise Financial Services Corporation in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $43.00.

Enterprise Financial Services Corporation Company 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 Corporation (NASDAQ:EFSC)

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