Parkside Financial Bank & Trust cut its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,821 shares of the bank’s stock after selling 367 shares during the period. Parkside Financial Bank & Trust owned about 0.05% of Enterprise Financial Services worth $563,000 at the end of the most recent quarter.
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Other institutional investors have also made changes to their positions in the company. Rothschild & Co. Asset Management US Inc. increased its stake in Enterprise Financial Services by 7.0% during the second 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 last quarter. Aperio Group LLC acquired a new position in shares of Enterprise Financial Services during the second quarter worth $158,000. Rhumbline Advisers increased its position in shares of Enterprise Financial Services by 8.9% during the third quarter. Rhumbline Advisers now owns 38,916 shares of the bank’s stock worth $1,586,000 after purchasing an additional 3,182 shares in the last quarter. Morgan Stanley increased its position in shares of Enterprise Financial Services by 9.6% during the second quarter. Morgan Stanley now owns 93,634 shares of the bank’s stock worth $3,895,000 after purchasing an additional 8,211 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Enterprise Financial Services by 38.8% during the second quarter. Envestnet Asset Management Inc. now owns 8,314 shares of the bank’s stock worth $346,000 after purchasing an additional 2,324 shares in the last quarter. Institutional investors and hedge funds own 72.31% of the company’s stock.
EFSC traded down $0.04 during midday trading on Friday, hitting $44.99. 40,200 shares of the company were exchanged, compared to its average volume of 81,613. The company’s 50 day simple moving average is $42.57 and its 200 day simple moving average is $41.19. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 12.46 and a beta of 1.15. Enterprise Financial Services Corp has a 1-year low of $36.09 and a 1-year high of $47.03. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.90.
Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, October 21st. The bank reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.09. Enterprise Financial Services had a net margin of 25.84% and a return on equity of 13.30%. The firm had revenue of $76.61 million for the quarter, compared to the consensus estimate of $73.87 million. On average, equities analysts anticipate that Enterprise Financial Services Corp will post 4.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.17 dividend. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, December 13th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 17.73%.
A number of brokerages have recently issued reports on EFSC. ValuEngine raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. BidaskClub raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. 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 target price on the stock. Finally, Zacks Investment Research raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th.
About Enterprise Financial Services
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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