Oppenheimer Asset Management Inc. lifted its stake in Enterprise Financial Services Corp (NASDAQ:EFSC) by 32.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,702 shares of the bank’s stock after purchasing an additional 4,614 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Enterprise Financial Services were worth $992,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Alps Advisors Inc. purchased a new position in shares of Enterprise Financial Services during the third quarter worth about $480,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Enterprise Financial Services during the third quarter worth about $133,000. First Trust Advisors LP grew its holdings in shares of Enterprise Financial Services by 105.7% during the third quarter. First Trust Advisors LP now owns 168,774 shares of the bank’s stock worth $8,953,000 after buying an additional 86,719 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Enterprise Financial Services by 3,530.8% during the third quarter. Bank of Montreal Can now owns 53,591 shares of the bank’s stock worth $2,843,000 after buying an additional 52,115 shares during the last quarter. Finally, United Services Automobile Association grew its holdings in shares of Enterprise Financial Services by 64.6% during the second quarter. United Services Automobile Association now owns 96,541 shares of the bank’s stock worth $5,208,000 after buying an additional 37,900 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on EFSC. BidaskClub raised Enterprise Financial Services from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Zacks Investment Research raised Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Friday, July 27th. DA Davidson lifted their price objective on Enterprise Financial Services to $60.00 and gave the company an “in-line” rating in a report on Wednesday, July 25th. ValuEngine lowered Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, September 13th. Finally, Keefe, Bruyette & Woods raised Enterprise Financial Services from a “market perform” rating to an “outperform” rating in a report on Monday. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $52.67.
Shares of EFSC opened at $44.41 on Tuesday. Enterprise Financial Services Corp has a twelve month low of $40.47 and a twelve month high of $58.15. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 1.39 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.05 and a current ratio of 1.05.
Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, October 22nd. The bank reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.08. Enterprise Financial Services had a return on equity of 13.72% and a net margin of 27.39%. The company had revenue of $56.50 million for the quarter, compared to analyst estimates of $57.95 million. Analysts expect that Enterprise Financial Services Corp will post 3.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, December 13th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.12. Enterprise Financial Services’s payout ratio is currently 18.60%.
In other Enterprise Financial Services news, insider Douglas Bauche sold 750 shares of Enterprise Financial Services stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $56.20, for a total value of $42,150.00. Following the sale, the insider now owns 2,761 shares of the company’s stock, valued at approximately $155,168.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by insiders.
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Enterprise Financial Services Company Profile
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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