IndexIQ Advisors LLC Has $866,000 Position in Enterprise Financial Services Corporation (EFSC)

IndexIQ Advisors LLC boosted its stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 83.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,440 shares of the bank’s stock after purchasing an additional 9,288 shares during the quarter. IndexIQ Advisors LLC owned approximately 0.09% of Enterprise Financial Services Corporation worth $866,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Dupont Capital Management Corp acquired a new position in Enterprise Financial Services Corporation during the 3rd quarter worth $1,079,000. Mutual of America Capital Management LLC boosted its position in Enterprise Financial Services Corporation by 2.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 155,364 shares of the bank’s stock worth $6,580,000 after acquiring an additional 4,256 shares during the period. Moloney Securities Asset Management LLC acquired a new position in Enterprise Financial Services Corporation during the 3rd quarter worth $203,000. Phocas Financial Corp. boosted its position in Enterprise Financial Services Corporation by 114.1% during the 2nd quarter. Phocas Financial Corp. now owns 243,246 shares of the bank’s stock worth $9,924,000 after acquiring an additional 129,651 shares during the period. Finally, Sterling Capital Management LLC boosted its position in Enterprise Financial Services Corporation by 8.1% during the 2nd quarter. Sterling Capital Management LLC now owns 32,113 shares of the bank’s stock worth $1,310,000 after acquiring an additional 2,412 shares during the period. Institutional investors and hedge funds own 73.66% of the company’s stock.

In other news, insider Douglas Bauche sold 1,200 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $38.11, for a total value of $45,732.00. Following the completion of the sale, the insider now owns 1,639 shares in the company, valued at $62,462.29. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Holmes acquired 2,556 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average price of $38.74 per share, with a total value of $99,019.44. Following the acquisition, the director now owns 2,716 shares of the company’s stock, valued at $105,217.84. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “IndexIQ Advisors LLC Has $866,000 Position in Enterprise Financial Services Corporation (EFSC)” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2017/11/12/indexiq-advisors-llc-has-866000-position-in-enterprise-financial-services-corporation-efsc.html.

Shares of Enterprise Financial Services Corporation (NASDAQ EFSC) opened at $42.25 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $974.50, a price-to-earnings ratio of 16.83, a PEG ratio of 1.87 and a beta of 0.89. Enterprise Financial Services Corporation has a twelve month low of $35.60 and a twelve month high of $46.25.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, October 23rd. The bank reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.01. The business had revenue of $54.00 million during the quarter, compared to analyst estimates of $54.11 million. Enterprise Financial Services Corporation had a return on equity of 11.15% and a net margin of 24.73%. analysts forecast that Enterprise Financial Services Corporation will post 2.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.11 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.04%. Enterprise Financial Services Corporation’s dividend payout ratio (DPR) is 18.18%.

A number of research analysts have issued reports on EFSC shares. Zacks Investment Research upgraded Enterprise Financial Services Corporation from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Thursday, October 26th. Piper Jaffray Companies reiterated an “overweight” rating and set a $49.00 price target on shares of Enterprise Financial Services Corporation in a research report on Friday, October 6th. BidaskClub lowered Enterprise Financial Services Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $46.00 price target on shares of Enterprise Financial Services Corporation in a research report on Tuesday, October 3rd.

Enterprise Financial Services Corporation Company 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.

Want to see what other hedge funds are holding EFSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Financial Services Corporation (NASDAQ:EFSC).

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

Receive News & Ratings for Enterprise Financial Services Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Financial Services Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply