ClariVest Asset Management LLC decreased its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 2.8% during the 4th quarter, Holdings Channel reports. The firm owned 150,881 shares of the bank’s stock after selling 4,377 shares during the quarter. ClariVest Asset Management LLC’s holdings in Enterprise Financial Services were worth $5,678,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantamental Technologies LLC bought a new stake in shares of Enterprise Financial Services in the 4th quarter worth about $82,000. Atwood & Palmer Inc. bought a new stake in shares of Enterprise Financial Services in the 4th quarter worth about $93,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Enterprise Financial Services in the 3rd quarter worth about $133,000. Connable Office Inc. bought a new stake in shares of Enterprise Financial Services in the 3rd quarter worth about $208,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Enterprise Financial Services by 71.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 4,327 shares of the bank’s stock worth $230,000 after purchasing an additional 1,804 shares during the last quarter. 77.85% of the stock is currently owned by institutional investors and hedge funds.
In other Enterprise Financial Services news, President Scott Richard Goodman sold 1,000 shares of the company’s stock in a transaction dated Friday, December 21st. The shares were sold at an average price of $38.05, for a total transaction of $38,050.00. Following the transaction, the president now directly owns 46,438 shares in the company, valued at approximately $1,766,965.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.60% of the stock is owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.24%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.13. Enterprise Financial Services’s dividend payout ratio is currently 14.40%.
EFSC has been the topic of several analyst reports. BidaskClub lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. ValuEngine raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. FIG Partners raised shares of Enterprise Financial Services from a “market perform” rating to an “outperform” rating in a report on Monday, October 29th. Piper Jaffray Companies set a $52.00 price objective on shares of Enterprise Financial Services and gave the stock a “buy” rating in a report on Wednesday, October 24th. Finally, Keefe, Bruyette & Woods raised shares of Enterprise Financial Services from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $57.00 to $60.00 in a report on Monday, November 5th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $55.25.
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Enterprise Financial Services Company Profile
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. The company offers demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.
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