LSV Asset Management lowered its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 21.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,600 shares of the bank’s stock after selling 33,700 shares during the period. LSV Asset Management owned 0.54% of Enterprise Financial Services worth $5,580,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of Enterprise Financial Services by 6.8% during the third quarter. Dimensional Fund Advisors LP now owns 988,194 shares of the bank’s stock worth $41,850,000 after acquiring an additional 63,020 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Enterprise Financial Services by 1.8% during the second quarter. Vanguard Group Inc. now owns 969,746 shares of the bank’s stock worth $39,565,000 after acquiring an additional 17,470 shares in the last quarter. State Street Corp increased its holdings in shares of Enterprise Financial Services by 73.1% in the second quarter. State Street Corp now owns 645,810 shares of the bank’s stock worth $26,349,000 after purchasing an additional 272,775 shares during the period. Northern Trust Corp increased its holdings in shares of Enterprise Financial Services by 14.8% in the second quarter. Northern Trust Corp now owns 419,404 shares of the bank’s stock worth $17,112,000 after purchasing an additional 54,189 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Enterprise Financial Services by 32.9% in the second quarter. Renaissance Technologies LLC now owns 373,200 shares of the bank’s stock worth $15,227,000 after purchasing an additional 92,300 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.
Several research firms have recently weighed in on EFSC. BidaskClub raised shares of Enterprise Financial Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 7th. Zacks Investment Research raised shares of Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Thursday, October 26th. ValuEngine cut shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $54.50 price target on shares of Enterprise Financial Services in a report on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. Enterprise Financial Services has a consensus rating of “Buy” and a consensus price target of $50.83.
Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, January 22nd. The bank reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.01. The firm had revenue of $58.52 million for the quarter, compared to analysts’ expectations of $56.93 million. Enterprise Financial Services had a net margin of 20.34% and a return on equity of 11.15%. research analysts expect that Enterprise Financial Services Corp will post 3.54 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.44 annualized dividend and a dividend yield of 0.94%. Enterprise Financial Services’s payout ratio is currently 21.26%.
In related news, President Scott Richard Goodman sold 3,700 shares of the stock in a transaction on Thursday, November 30th. The stock was 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 of the company’s stock, valued at $1,754,633.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Douglas Bauche sold 960 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $44.10, for a total value of $42,336.00. Following the completion of 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. 5.60% of the stock is owned by corporate insiders.
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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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