Anderson Hoagland & Co. lowered its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 49.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,489 shares of the bank’s stock after selling 26,000 shares during the quarter. Anderson Hoagland & Co. owned about 0.11% of Enterprise Financial Services worth $1,196,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Great West Life Assurance Co. Can increased its stake in shares of Enterprise Financial Services by 281.2% in the third quarter. Great West Life Assurance Co. Can now owns 3,431 shares of the bank’s stock valued at $145,000 after purchasing an additional 2,531 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Enterprise Financial Services by 89.8% during the third quarter. BNP Paribas Arbitrage SA now owns 4,385 shares of the bank’s stock valued at $186,000 after acquiring an additional 2,075 shares during the period. Moloney Securities Asset Management LLC acquired a new position in shares of Enterprise Financial Services during the third quarter valued at approximately $203,000. Legal & General Group Plc increased its stake in shares of Enterprise Financial Services by 6.9% during the second quarter. Legal & General Group Plc now owns 5,439 shares of the bank’s stock valued at $222,000 after acquiring an additional 349 shares during the period. Finally, Citigroup Inc. increased its stake in shares of Enterprise Financial Services by 272.4% during the second quarter. Citigroup Inc. now owns 5,556 shares of the bank’s stock valued at $227,000 after acquiring an additional 4,064 shares during the period. Institutional investors own 74.42% of the company’s stock.
A number of research firms recently commented on EFSC. Piper Jaffray Companies reiterated a “buy” rating and set a $54.50 price objective on shares of Enterprise Financial Services in a research note on Tuesday, January 9th. Zacks Investment Research upgraded shares of Enterprise Financial Services from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research note on Monday, January 1st. ValuEngine lowered shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $46.00 price objective on shares of Enterprise Financial Services in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Enterprise Financial Services has a consensus rating of “Hold” and a consensus target price of $50.83.
In related news, President Scott Richard Goodman sold 3,700 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $45.85, for a total transaction of $169,645.00. Following the completion of the sale, the president now directly owns 38,269 shares in the company, valued at $1,754,633.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas Bauche sold 960 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 679 shares of the company’s stock, valued at $29,943.90. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.
Enterprise Financial Services Corp (NASDAQ EFSC) traded up $0.75 during midday trading on Thursday, hitting $47.85. 175,800 shares of the company were exchanged, compared to its average volume of 147,636. Enterprise Financial Services Corp has a fifty-two week low of $36.65 and a fifty-two week high of $47.90. 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 $1,086.35, a price-to-earnings ratio of 19.77, a PEG ratio of 1.67 and a beta of 0.87.
Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, October 23rd. The bank reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.01. Enterprise Financial Services had a net margin of 24.73% and a return on equity of 11.15%. The business had revenue of $54.00 million for the quarter, compared to analyst estimates of $54.11 million. analysts forecast that Enterprise Financial Services Corp will post 2.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, December 14th. Enterprise Financial Services’s payout ratio is 18.18%.
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About Enterprise Financial Services
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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