Acropolis Investment Management LLC increased its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 96.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,620 shares of the bank’s stock after buying an additional 3,745 shares during the period. Acropolis Investment Management LLC’s holdings in Enterprise Financial Services were worth $344,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in EFSC. Maltese Capital Management LLC boosted its holdings in Enterprise Financial Services by 89.4% in the 3rd quarter. Maltese Capital Management LLC now owns 186,806 shares of the bank’s stock valued at $7,911,000 after purchasing an additional 88,161 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in Enterprise Financial Services by 21.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 146,308 shares of the bank’s stock valued at $6,196,000 after purchasing an additional 25,398 shares during the period. Financial Counselors Inc. boosted its holdings in Enterprise Financial Services by 24.1% in the 3rd quarter. Financial Counselors Inc. now owns 43,526 shares of the bank’s stock valued at $1,843,000 after purchasing an additional 8,448 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Enterprise Financial Services by 6.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 988,194 shares of the bank’s stock valued at $41,850,000 after purchasing an additional 63,020 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Enterprise Financial Services by 5.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 109,573 shares of the bank’s stock valued at $4,641,000 after purchasing an additional 5,727 shares during the period. 74.42% of the stock is owned by institutional investors.
Several research analysts have commented on the stock. Piper Jaffray Companies reissued a “buy” rating and issued a $54.50 price target on shares of Enterprise Financial Services in a report on Tuesday. Zacks Investment Research raised shares of Enterprise Financial Services from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a report on Monday, January 1st. ValuEngine downgraded shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $46.00 price objective on shares of Enterprise Financial Services in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.83.
In related news, President Scott Richard Goodman sold 3,700 shares of Enterprise Financial Services stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $45.85, for a total value of $169,645.00. Following the transaction, the president now owns 38,269 shares in the company, valued at approximately $1,754,633.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Douglas Bauche sold 960 shares of Enterprise Financial Services stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $44.10, for a total transaction of $42,336.00. Following the completion of the transaction, the insider now owns 679 shares in the company, valued at approximately $29,943.90. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.
Shares of Enterprise Financial Services Corp (NASDAQ:EFSC) opened at $47.05 on Friday. 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 firm has a market cap of $1,070.00, a price-to-earnings ratio of 19.44, a PEG ratio of 1.61 and a beta of 0.87. Enterprise Financial Services Corp has a 52-week low of $36.65 and a 52-week high of $47.05.
Enterprise Financial Services (NASDAQ:EFSC) last posted 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 firm had revenue of $54.00 million for the quarter, compared to analysts’ expectations of $54.11 million. Enterprise Financial Services had a net margin of 24.73% and a return on equity of 11.15%. sell-side analysts expect that Enterprise Financial Services Corp will post 2.52 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, December 14th. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 18.18%.
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Enterprise Financial Services 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.
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