Earnest Partners LLC raised its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 54.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,569,522 shares of the bank’s stock after purchasing an additional 553,566 shares during the quarter. Earnest Partners LLC owned approximately 0.06% of Enterprise Financial Services worth $65,292,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Enterprise Financial Services by 4.0% during the 2nd quarter. BlackRock Inc. now owns 1,813,869 shares of the bank’s stock valued at $75,459,000 after acquiring an additional 69,973 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Enterprise Financial Services by 6.7% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,058,150 shares of the bank’s stock worth $43,141,000 after purchasing an additional 66,825 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Enterprise Financial Services by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,047,191 shares of the bank’s stock worth $39,406,000 after purchasing an additional 19,498 shares during the period. Enterprise Financial Services Corp lifted its stake in shares of Enterprise Financial Services by 2.0% in the 2nd quarter. Enterprise Financial Services Corp now owns 574,620 shares of the bank’s stock worth $23,903,000 after purchasing an additional 11,385 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Enterprise Financial Services by 0.7% in the 2nd quarter. Northern Trust Corp now owns 425,292 shares of the bank’s stock worth $17,691,000 after purchasing an additional 3,102 shares during the period. Institutional investors and hedge funds own 71.86% of the company’s stock.
Several equities analysts have recently weighed in on the stock. BidaskClub cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. Zacks Investment Research cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Thursday, July 25th. Three analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $53.33.
Shares of NASDAQ:EFSC opened at $42.14 on Friday. The firm’s 50 day moving average price is $39.82 and its 200-day moving average price is $41.45. Enterprise Financial Services Corp has a twelve month low of $36.09 and a twelve month high of $55.61. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $1.10 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 1.15 and a beta of 1.17.
Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.05. Enterprise Financial Services had a net margin of 25.85% and a return on equity of 13.19%. The firm had revenue of $73.68 million for the quarter, compared to analysts’ expectations of $72.27 million. Analysts expect that Enterprise Financial Services Corp will post 3.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.16 per share. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.64 dividend on an annualized basis and a yield of 1.52%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 16.62%.
Enterprise Financial Services Company Profile
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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