Nationwide Fund Advisors cut its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 22.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,912 shares of the bank’s stock after selling 25,493 shares during the period. Nationwide Fund Advisors owned approximately 0.38% of Enterprise Financial Services worth $3,808,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Enterprise Financial Services by 3.9% during the second quarter. Dimensional Fund Advisors LP now owns 925,174 shares of the bank’s stock valued at $37,747,000 after purchasing an additional 34,830 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Enterprise Financial Services by 8.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 54,211 shares of the bank’s stock valued at $2,212,000 after acquiring an additional 4,321 shares in the last quarter. Kennedy Capital Management Inc. lifted its position in shares of Enterprise Financial Services by 36.5% in the 2nd quarter. Kennedy Capital Management Inc. now owns 426,541 shares of the bank’s stock valued at $17,403,000 after acquiring an additional 114,118 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Enterprise Financial Services by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 969,746 shares of the bank’s stock valued at $39,565,000 after acquiring an additional 17,470 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Enterprise Financial Services by 73.1% in the 2nd quarter. State Street Corp now owns 645,810 shares of the bank’s stock valued at $26,349,000 after acquiring an additional 272,775 shares in the last quarter. 74.46% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently commented on EFSC shares. Zacks Investment Research upgraded shares of Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Thursday, October 26th. ValuEngine downgraded shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $46.00 price target on shares of Enterprise Financial Services in a research report on Tuesday, October 3rd. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $49.00 price target on shares of Enterprise Financial Services in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $48.33.
Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, October 23rd. The bank reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.01. The business had revenue of $54.00 million during the quarter, compared to the consensus estimate of $54.11 million. Enterprise Financial Services had a net margin of 24.73% and a return on equity of 11.15%. research analysts forecast that Enterprise Financial Services Corp will post 2.52 earnings per share for the current 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 paid a $0.11 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.44 annualized dividend and a yield of 0.99%. Enterprise Financial Services’s dividend payout ratio is presently 18.18%.
In other Enterprise Financial Services news, President Scott Richard Goodman sold 3,700 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $45.85, for a total value of $169,645.00. Following the transaction, the president now owns 38,269 shares in the company, valued at approximately $1,754,633.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Douglas Bauche sold 960 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $44.10, for a total transaction of $42,336.00. Following the completion of the transaction, the insider now owns 679 shares in the company, valued at approximately $29,943.90. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.
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Enterprise Financial Services 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.
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