Parametric Portfolio Associates LLC Sells 24,779 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

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Parametric Portfolio Associates LLC decreased its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 45.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,200 shares of the bank’s stock after selling 24,779 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.11% of Enterprise Financial Services worth $1,256,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in EFSC. Peregrine Capital Management LLC bought a new stake in Enterprise Financial Services during the 2nd quarter valued at approximately $8,216,000. Marshall Wace North America L.P. boosted its stake in Enterprise Financial Services by 203.6% during the 1st quarter. Marshall Wace North America L.P. now owns 68,577 shares of the bank’s stock valued at $2,796,000 after purchasing an additional 45,986 shares during the period. Wells Fargo & Company MN lifted its position in shares of Enterprise Financial Services by 23.1% in the 2nd quarter. Wells Fargo & Company MN now owns 131,689 shares of the bank’s stock worth $5,478,000 after acquiring an additional 24,727 shares during the period. Rothschild & Co. Asset Management US Inc. lifted its position in shares of Enterprise Financial Services by 7.0% in the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 268,140 shares of the bank’s stock worth $11,155,000 after acquiring an additional 17,612 shares during the period. Finally, Mesirow Financial Investment Management Equity Management lifted its position in shares of Enterprise Financial Services by 11.1% in the 2nd quarter. Mesirow Financial Investment Management Equity Management now owns 158,135 shares of the bank’s stock worth $6,578,000 after acquiring an additional 15,845 shares during the period. Hedge funds and other institutional investors own 71.77% of the company’s stock.

Shares of EFSC stock opened at $40.26 on Friday. The stock has a 50 day moving average of $40.18 and a two-hundred day moving average of $41.01. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.86. Enterprise Financial Services Corp has a 12 month low of $36.09 and a 12 month high of $51.88. The company has a market capitalization of $1.06 billion, a P/E ratio of 10.32 and a beta of 1.16.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. Enterprise Financial Services had a return on equity of 13.19% and a net margin of 25.85%. The company had revenue of $73.68 million during the quarter, compared to the consensus estimate of $72.27 million. Sell-side analysts predict that Enterprise Financial Services Corp will post 3.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.59%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.15. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 17.73%.

A number of analysts have commented on the company. Raymond James assumed coverage on Enterprise Financial Services in a research report on Thursday, September 19th. They issued an “outperform” rating and a $48.00 price objective for the company. Zacks Investment Research downgraded Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. ValuEngine upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub downgraded Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $52.00.

Enterprise Financial Services Profile

Enterprise Financial Services Corp operates as the financial 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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Institutional Ownership by Quarter for Enterprise Financial Services (NASDAQ:EFSC)

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