American Century Companies Inc. lifted its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 114.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,908 shares of the bank’s stock after acquiring an additional 54,948 shares during the quarter. American Century Companies Inc. owned 0.45% of Enterprise Financial Services worth $4,646,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in EFSC. Teachers Advisors LLC lifted its holdings in shares of Enterprise Financial Services by 7.1% in the 2nd quarter. Teachers Advisors LLC now owns 40,049 shares of the bank’s stock worth $1,634,000 after acquiring an additional 2,668 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Enterprise Financial Services by 42.7% during the 2nd quarter. New York State Common Retirement Fund now owns 40,757 shares of the bank’s stock valued at $1,663,000 after buying an additional 12,198 shares in the last quarter. Northern Trust Corp lifted its holdings in Enterprise Financial Services by 14.8% during the 2nd quarter. Northern Trust Corp now owns 419,404 shares of the bank’s stock valued at $17,112,000 after buying an additional 54,189 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Enterprise Financial Services by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 969,746 shares of the bank’s stock valued at $39,565,000 after buying an additional 17,470 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Enterprise Financial Services by 1.6% during the 2nd quarter. California Public Employees Retirement System now owns 69,500 shares of the bank’s stock valued at $2,836,000 after buying an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 71.67% of the company’s stock.
Shares of Enterprise Financial Services Corp (EFSC) opened at $47.85 on Friday. Enterprise Financial Services Corp has a twelve month low of $36.65 and a twelve month high of $49.67. The firm has a market cap of $1,105.96, a PE ratio of 22.83, a P/E/G ratio of 1.50 and a beta of 0.92. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.05.
Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. Enterprise Financial Services had a net margin of 20.34% and a return on equity of 11.15%. The company had revenue of $58.52 million during the quarter, compared to analyst estimates of $56.93 million. equities analysts forecast that Enterprise Financial Services Corp will post 3.54 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given 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 is Wednesday, March 14th. Enterprise Financial Services’s dividend payout ratio (DPR) is 21.26%.
A number of brokerages recently weighed in on EFSC. BidaskClub upgraded shares of Enterprise Financial Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 7th. Zacks Investment Research lowered shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. ValuEngine lowered shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $54.50 price objective on shares of Enterprise Financial Services in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $50.83.
In other Enterprise Financial Services news, President Scott Richard Goodman sold 1,200 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $47.55, for a total transaction of $57,060.00. Following the transaction, the president now owns 41,875 shares of the company’s stock, valued at approximately $1,991,156.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas Bauche sold 960 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $44.10, for a total transaction of $42,336.00. Following the transaction, the insider now directly owns 679 shares in the company, valued at approximately $29,943.90. The disclosure for this sale can be found here. Insiders have sold a total of 5,860 shares of company stock worth $269,041 in the last three months. Insiders own 5.60% of the company’s stock.
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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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