Enterprise Financial Services Corp lowered its position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 544,278 shares of the bank’s stock after selling 3,767 shares during the period. Enterprise Financial Services Corporation accounts for about 11.4% of Enterprise Financial Services Corp’s holdings, making the stock its biggest position. Enterprise Financial Services Corp owned 2.32% of Enterprise Financial Services Corporation worth $23,050,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of EFSC. Moloney Securities Asset Management LLC purchased a new position in Enterprise Financial Services Corporation during the third quarter valued at approximately $203,000. Legal & General Group Plc grew its stake in Enterprise Financial Services Corporation by 4.5% during the first quarter. Legal & General Group Plc now owns 5,090 shares of the bank’s stock valued at $215,000 after acquiring an additional 219 shares in the last quarter. Citigroup Inc. grew its stake in Enterprise Financial Services Corporation by 272.4% during the second quarter. Citigroup Inc. now owns 5,556 shares of the bank’s stock valued at $227,000 after acquiring an additional 4,064 shares in the last quarter. Brookstone Capital Management purchased a new position in Enterprise Financial Services Corporation in the 2nd quarter worth approximately $228,000. Finally, Laurion Capital Management LP purchased a new position in Enterprise Financial Services Corporation in the 2nd quarter worth approximately $319,000. 72.38% of the stock is owned by institutional investors.
Enterprise Financial Services Corporation (NASDAQ EFSC) traded up 0.46% during trading on Tuesday, reaching $43.65. 20,373 shares of the company’s stock were exchanged. Enterprise Financial Services Corporation has a 12-month low of $32.25 and a 12-month high of $46.25. The stock’s 50-day moving average is $41.98 and its 200-day moving average is $40.90. The company has a market cap of $1.02 billion, a P/E ratio of 18.99 and a beta of 0.86.
Enterprise Financial Services Corporation (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, October 23rd. The bank reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Enterprise Financial Services Corporation had a net margin of 24.73% and a return on equity of 11.47%. The business had revenue of $54.00 million during the quarter, compared to analyst estimates of $54.11 million. Analysts predict that Enterprise Financial Services Corporation will post $2.51 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Thursday, December 14th. Enterprise Financial Services Corporation’s dividend payout ratio (DPR) is currently 18.18%.
A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Enterprise Financial Services Corporation from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Thursday, October 26th. Piper Jaffray Companies reissued an “overweight” rating and issued a $49.00 price target on shares of Enterprise Financial Services Corporation in a research note on Friday, October 6th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $46.00 price target on shares of Enterprise Financial Services Corporation in a research note on Tuesday, October 3rd. Finally, BidaskClub cut shares of Enterprise Financial Services Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.
In related news, insider Douglas Bauche sold 1,200 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $38.11, for a total value of $45,732.00. Following the completion of the transaction, the insider now directly owns 1,639 shares of the company’s stock, valued at $62,462.29. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael Holmes bought 2,556 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average cost of $38.74 per share, with a total value of $99,019.44. Following the completion of the acquisition, the director now owns 2,716 shares of the company’s stock, valued at approximately $105,217.84. The disclosure for this purchase can be found here. Company insiders own 5.60% of the company’s stock.
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Enterprise Financial Services Corporation 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.
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