Ameriprise Financial Inc. lessened its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 11.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 227,967 shares of the bank’s stock after selling 29,448 shares during the quarter. Ameriprise Financial Inc. owned 0.99% of Enterprise Financial Services worth $9,655,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in EFSC. Vanguard Group Inc. raised its position in shares of Enterprise Financial Services by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 969,746 shares of the bank’s stock worth $39,565,000 after purchasing an additional 17,470 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Enterprise Financial Services by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 925,174 shares of the bank’s stock valued at $37,747,000 after acquiring an additional 34,830 shares during the last quarter. State Street Corp raised its holdings in 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 during the last quarter. Kennedy Capital Management Inc. raised its holdings in 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 during the last quarter. Finally, Northern Trust Corp raised its holdings in Enterprise Financial Services by 14.8% in the 2nd quarter. Northern Trust Corp now owns 419,404 shares of the bank’s stock valued at $17,112,000 after acquiring an additional 54,189 shares during the last quarter. 74.42% of the stock is currently owned by institutional investors and hedge funds.
Enterprise Financial Services Corp (NASDAQ EFSC) traded up $0.20 during trading hours on Friday, reaching $47.25. 96,218 shares of the company’s stock were exchanged, compared to its average volume of 127,682. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.05. The stock has a market cap of $1,090.00, a PE ratio of 19.52, a P/E/G ratio of 1.67 and a beta of 0.87. Enterprise Financial Services Corp has a one year low of $36.65 and a one year high of $47.60.
Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results 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. The business had revenue of $54.00 million for the quarter, compared to analyst estimates of $54.11 million. Enterprise Financial Services had a net margin of 24.73% and a return on equity of 11.15%. analysts predict that Enterprise Financial Services Corp will post 2.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a $0.11 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.93%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 18.18%.
EFSC has been the subject of several analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $46.00 price target on shares of Enterprise Financial Services in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of Enterprise Financial Services from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a research note on Monday, January 1st. ValuEngine cut shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $54.50 price target on shares of Enterprise Financial Services in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Enterprise Financial Services presently has a consensus rating of “Hold” and a consensus price target of $50.83.
In other Enterprise Financial Services news, insider Douglas Bauche sold 960 shares of the firm’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 value of $42,336.00. Following the sale, the insider now owns 679 shares in the company, valued at $29,943.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Scott Richard Goodman sold 3,700 shares of the firm’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 transaction of $169,645.00. Following the completion of the sale, the president now owns 38,269 shares in the company, valued at approximately $1,754,633.65. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.
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Enterprise Financial Services 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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