Goldman Sachs Group Inc. reduced its stake in Enterprise Financial Services Co. (NASDAQ:EFSC) by 7.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 23,181 shares of the bank’s stock after selling 2,001 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Enterprise Financial Services were worth $1,047,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EFSC. Great West Life Assurance Co. Can increased its position in shares of Enterprise Financial Services by 281.2% during the 3rd 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 last quarter. Acropolis Investment Management LLC increased its position in shares of Enterprise Financial Services by 96.6% during the 4th quarter. Acropolis Investment Management LLC now owns 7,620 shares of the bank’s stock valued at $344,000 after purchasing an additional 3,745 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Enterprise Financial Services during the 4th quarter valued at $363,000. UBS Asset Management Americas Inc. increased its position in shares of Enterprise Financial Services by 66.2% during the 4th quarter. UBS Asset Management Americas Inc. now owns 11,468 shares of the bank’s stock valued at $518,000 after purchasing an additional 4,568 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Enterprise Financial Services by 26.9% during the 3rd quarter. Wells Fargo & Company MN now owns 40,470 shares of the bank’s stock valued at $1,713,000 after purchasing an additional 8,578 shares during the last quarter. 73.17% of the stock is owned by institutional investors and hedge funds.
Shares of Enterprise Financial Services stock opened at $48.35 on Friday. Enterprise Financial Services Co. has a 1 year low of $36.65 and a 1 year high of $49.97. The firm has a market cap of $1,109.82, a PE ratio of 18.74, a price-to-earnings-growth ratio of 1.51 and a beta of 0.93. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.99.
Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, January 22nd. The bank reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01. Enterprise Financial Services had a return on equity of 11.13% and a net margin of 20.34%. The firm had revenue of $58.52 million during the quarter, compared to analyst estimates of $56.93 million. equities analysts expect that Enterprise Financial Services Co. will post 3.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.44 annualized dividend and a dividend yield of 0.91%. Enterprise Financial Services’s payout ratio is 17.05%.
Several brokerages have recently issued reports on EFSC. Piper Jaffray reaffirmed a “buy” rating and set a $54.50 target price on shares of Enterprise Financial Services in a research report on Tuesday, January 9th. Zacks Investment Research raised Enterprise Financial Services from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a research report on Monday, January 1st. Finally, BidaskClub lowered Enterprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $50.83.
In other news, President Scott Richard Goodman sold 1,200 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $47.55, for a total transaction of $57,060.00. Following the completion of the transaction, the president now owns 41,875 shares in the company, valued at approximately $1,991,156.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.
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About Enterprise Financial Services
Enterprise Financial Services Corp operates as the 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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