Oberweis Asset Management Inc. reduced its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 2.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 17,100 shares of the bank’s stock after selling 500 shares during the period. Oberweis Asset Management Inc. owned approximately 0.07% of Enterprise Financial Services worth $643,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of EFSC. Robeco Institutional Asset Management B.V. purchased a new position in Enterprise Financial Services during the 3rd quarter worth $133,000. Victory Capital Management Inc. grew its position in Enterprise Financial Services by 37.8% during the 3rd quarter. Victory Capital Management Inc. now owns 14,624 shares of the bank’s stock worth $776,000 after purchasing an additional 4,012 shares during the last quarter. Wells Fargo & Company MN grew its position in Enterprise Financial Services by 13.1% during the 3rd quarter. Wells Fargo & Company MN now owns 110,292 shares of the bank’s stock worth $5,850,000 after purchasing an additional 12,737 shares during the last quarter. JPMorgan Chase & Co. grew its position in Enterprise Financial Services by 135.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 403,029 shares of the bank’s stock worth $21,380,000 after purchasing an additional 232,008 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Enterprise Financial Services during the 3rd quarter worth $276,000. 77.79% of the stock is currently owned by institutional investors.
EFSC has been the topic of several research reports. ValuEngine downgraded shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday, November 28th. BidaskClub downgraded shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, November 30th. Finally, Zacks Investment Research raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Monday, December 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $55.25.
Shares of NASDAQ:EFSC opened at $43.14 on Friday. The stock has a market capitalization of $987.56 million, a PE ratio of 11.95, a PEG ratio of 1.20 and a beta of 1.16. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.68. Enterprise Financial Services Corp has a fifty-two week low of $36.09 and a fifty-two week high of $58.15.
Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, January 21st. The bank reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.11. The business had revenue of $61.30 million for the quarter, compared to the consensus estimate of $59.43 million. Enterprise Financial Services had a net margin of 32.31% and a return on equity of 14.50%. On average, equities analysts predict that Enterprise Financial Services Corp will post 3.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a $0.14 dividend. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.30%. Enterprise Financial Services’s payout ratio is presently 14.40%.
In other news, President Scott Richard Goodman sold 1,000 shares of Enterprise Financial Services stock in a transaction dated Friday, December 21st. The shares were sold at an average price of $38.05, for a total value of $38,050.00. Following the sale, the president now owns 46,438 shares of the company’s stock, valued at $1,766,965.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by insiders.
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About Enterprise Financial Services
Enterprise Financial Services Corp operates as the financial 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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