BNP Paribas Financial Markets reduced its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC – Free Report) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,359 shares of the bank’s stock after selling 1,344 shares during the quarter. BNP Paribas Financial Markets’ holdings in Enterprise Financial Services were worth $775,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in EFSC. Wellington Management Group LLP lifted its holdings in Enterprise Financial Services by 11.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,144,988 shares of the bank’s stock valued at $80,437,000 after purchasing an additional 220,690 shares during the last quarter. Vanguard Group Inc. grew its position in Enterprise Financial Services by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,946,265 shares of the bank’s stock worth $72,985,000 after acquiring an additional 14,588 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Enterprise Financial Services by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,413 shares of the bank’s stock valued at $15,428,000 after purchasing an additional 16,069 shares in the last quarter. Jennison Associates LLC raised its position in Enterprise Financial Services by 34.3% in the 4th quarter. Jennison Associates LLC now owns 411,256 shares of the bank’s stock valued at $18,363,000 after purchasing an additional 105,004 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Enterprise Financial Services by 14.7% in the third quarter. American Century Companies Inc. now owns 349,266 shares of the bank’s stock worth $13,097,000 after purchasing an additional 44,694 shares in the last quarter. 72.21% of the stock is owned by institutional investors.
Enterprise Financial Services Stock Up 1.4 %
Shares of NASDAQ EFSC opened at $38.07 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.43 billion, a PE ratio of 8.15 and a beta of 0.99. The firm’s 50-day moving average is $39.14 and its 200-day moving average is $40.56. Enterprise Financial Services Corp has a 1 year low of $32.97 and a 1 year high of $46.17.
Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last released its earnings results on Monday, April 22nd. The bank reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.03). The business had revenue of $149.89 million for the quarter, compared to analyst estimates of $156.04 million. Enterprise Financial Services had a return on equity of 11.35% and a net margin of 20.60%. Equities analysts expect that Enterprise Financial Services Corp will post 4.32 EPS for the current year.
Enterprise Financial Services Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.73%. Enterprise Financial Services’s payout ratio is 21.41%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on EFSC shares. Keefe, Bruyette & Woods decreased their price objective on shares of Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. DA Davidson lowered their price target on shares of Enterprise Financial Services from $47.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Enterprise Financial Services currently has an average rating of “Moderate Buy” and an average price target of $47.00.
Get Our Latest Stock Analysis on EFSC
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 primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.
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