Swiss National Bank increased its stake in Enterprise Financial Services Corp. (NASDAQ:EFSC) by 11.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,064 shares of the company’s stock after buying an additional 3,600 shares during the period. Swiss National Bank owned about 0.18% of Enterprise Financial Services Corp. worth $978,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Virginia Retirement System bought a new position in shares of Enterprise Financial Services Corp. during the first quarter valued at about $514,000. C M Bidwell & Associates Ltd. increased its position in shares of Enterprise Financial Services Corp. by 4,068.9% in the first quarter. C M Bidwell & Associates Ltd. now owns 9,380 shares of the company’s stock valued at $254,000 after buying an additional 9,155 shares in the last quarter. Kings Point Capital Management bought a new position in shares of Enterprise Financial Services Corp. during the first quarter valued at about $260,000. Miles Capital Inc. bought a new position in shares of Enterprise Financial Services Corp. during the first quarter valued at about $236,000. Finally, Geode Capital Management LLC increased its position in shares of Enterprise Financial Services Corp. by 7.9% in the first quarter. Geode Capital Management LLC now owns 134,117 shares of the company’s stock valued at $3,626,000 after buying an additional 9,820 shares in the last quarter. Hedge funds and other institutional investors own 68.30% of the company’s stock.
Shares of Enterprise Financial Services Corp. (NASDAQ:EFSC) traded up 2.68% during mid-day trading on Wednesday, hitting $31.82. 72,524 shares of the stock traded hands. The company has a market cap of $636.97 million, a price-to-earnings ratio of 14.81 and a beta of 0.78. Enterprise Financial Services Corp. has a 52 week low of $24.60 and a 52 week high of $31.96. The stock has a 50-day moving average of $30.89 and a 200-day moving average of $28.40.
Enterprise Financial Services Corp. (NASDAQ:EFSC) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.04. Enterprise Financial Services Corp. had a net margin of 26.51% and a return on equity of 12.11%. Analysts anticipate that Enterprise Financial Services Corp. will post $2.29 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a $0.11 dividend. The ex-dividend date was Tuesday, September 13th. This is a boost from Enterprise Financial Services Corp.’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 1.42%. Enterprise Financial Services Corp.’s dividend payout ratio (DPR) is 20.47%.
Several brokerages have weighed in on EFSC. Zacks Investment Research downgraded Enterprise Financial Services Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Piper Jaffray Cos. began coverage on Enterprise Financial Services Corp. in a report on Monday, July 11th. They issued an “overweight” rating and a $31.25 price target for the company. Finally, Keefe, Bruyette & Woods boosted their price target on Enterprise Financial Services Corp. from $30.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, July 29th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.81.
In other news, Director James Murphy sold 20,000 shares of the stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $26.48, for a total value of $529,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.20% of the stock is currently owned by insiders.
About Enterprise Financial Services Corp.
Enterprise Financial Services Corp is a financial holding company. The Company is the 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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