Enterprise Financial Services Corporation (NASDAQ:EFSC) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lowered its position in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 9.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of EFSC. Teachers Advisors LLC boosted its position in Enterprise Financial Services Corporation by 2.0% in the fourth quarter. Teachers Advisors LLC now owns 33,505 shares of the bank’s stock worth $1,441,000 after buying an additional 645 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in Enterprise Financial Services Corporation during the fourth quarter valued at approximately $1,154,000. Bank of Montreal Can boosted its position in Enterprise Financial Services Corporation by 10.3% in the first quarter. Bank of Montreal Can now owns 65,645 shares of the bank’s stock valued at $2,783,000 after buying an additional 6,145 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in Enterprise Financial Services Corporation during the first quarter valued at approximately $201,000. Finally, Nationwide Fund Advisors boosted its position in Enterprise Financial Services Corporation by 83.8% in the first quarter. Nationwide Fund Advisors now owns 96,628 shares of the bank’s stock valued at $4,097,000 after buying an additional 44,065 shares during the period. Institutional investors and hedge funds own 69.15% of the company’s stock.

Enterprise Financial Services Corporation (EFSC) opened at 38.15 on Friday. Enterprise Financial Services Corporation has a one year low of $29.65 and a one year high of $46.25. The firm has a market capitalization of $895.08 million, a price-to-earnings ratio of 16.60 and a beta of 0.85. The stock’s 50 day moving average price is $39.91 and its 200-day moving average price is $41.66.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last announced its earnings results on Monday, July 24th. The bank reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.06. The company had revenue of $53.57 million for 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%. On average, equities research analysts anticipate that Enterprise Financial Services Corporation will post $2.52 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, September 14th. Enterprise Financial Services Corporation’s dividend payout ratio is currently 18.97%.

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Several research firms recently issued reports on EFSC. Zacks Investment Research lowered Enterprise Financial Services Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. BidaskClub raised Enterprise Financial Services Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Piper Jaffray Companies reissued a “buy” rating and set a $48.00 price target on shares of Enterprise Financial Services Corporation in a research report on Friday, July 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $45.00 target price on shares of Enterprise Financial Services Corporation in a research report on Friday, June 2nd. Two equities research 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 currently has an average rating of “Hold” and a consensus price target of $43.00.

In other Enterprise Financial Services Corporation news, Director Michael Holmes acquired 2,556 shares of the stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average cost of $38.74 per share, with a total value of $99,019.44. Following the transaction, the director now owns 2,716 shares in the company, valued at approximately $105,217.84. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 5.60% of the company’s stock.

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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