United Services Automobile Association Increases Stake in Enterprise Financial Services Corp (EFSC)

United Services Automobile Association grew its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 64.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 96,541 shares of the bank’s stock after buying an additional 37,900 shares during the period. United Services Automobile Association’s holdings in Enterprise Financial Services were worth $5,208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EFSC. Parkside Financial Bank & Trust lifted its holdings in shares of Enterprise Financial Services by 6.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 16,173 shares of the bank’s stock valued at $873,000 after acquiring an additional 1,000 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Enterprise Financial Services by 1.4% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 74,411 shares of the bank’s stock valued at $4,014,000 after acquiring an additional 1,000 shares in the last quarter. John W. Rosenthal Capital Management Inc. lifted its holdings in shares of Enterprise Financial Services by 1.8% during the 2nd quarter. John W. Rosenthal Capital Management Inc. now owns 60,000 shares of the bank’s stock valued at $3,237,000 after acquiring an additional 1,075 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of Enterprise Financial Services by 13.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 9,537 shares of the bank’s stock valued at $515,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Enterprise Financial Services by 3.2% during the 2nd quarter. Sei Investments Co. now owns 38,921 shares of the bank’s stock valued at $2,100,000 after acquiring an additional 1,214 shares in the last quarter. 76.27% of the stock is owned by institutional investors.

In other Enterprise Financial Services news, President Scott Richard Goodman sold 1,200 shares of the business’s stock in a transaction on Monday, July 16th. The shares were sold at an average price of $54.23, for a total value of $65,076.00. Following the transaction, the president now owns 41,713 shares in the company, valued at approximately $2,262,095.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas Bauche sold 750 shares of the business’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $56.20, for a total transaction of $42,150.00. Following the completion of the transaction, the insider now owns 2,761 shares in the company, valued at approximately $155,168.20. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

NASDAQ:EFSC opened at $49.34 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.13. The firm has a market cap of $1.23 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 1.65 and a beta of 0.78. Enterprise Financial Services Corp has a twelve month low of $41.45 and a twelve month high of $58.15.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, July 23rd. The bank reported $0.86 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.86. Enterprise Financial Services had a net margin of 25.87% and a return on equity of 13.30%. The business had revenue of $56.74 million for the quarter, compared to analyst estimates of $56.20 million. Sell-side analysts forecast that Enterprise Financial Services Corp will post 3.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.97%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.11. Enterprise Financial Services’s payout ratio is currently 18.60%.

Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Enterprise Financial Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 23rd. Zacks Investment Research lowered shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Finally, DA Davidson lifted their target price on shares of Enterprise Financial Services to $60.00 and gave the company an “in-line” rating in a report on Wednesday, July 25th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $59.83.

About Enterprise Financial Services

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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Institutional Ownership by Quarter for Enterprise Financial Services (NASDAQ:EFSC)

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