American International Group Inc. Sells 659 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

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American International Group Inc. lessened its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 4.4% during the 1st quarter, HoldingsChannel reports. The firm owned 14,325 shares of the bank’s stock after selling 659 shares during the quarter. American International Group Inc.’s holdings in Enterprise Financial Services were worth $584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Enterprise Financial Services Corp raised its position in shares of Enterprise Financial Services by 58.1% in the first quarter. Enterprise Financial Services Corp now owns 563,235 shares of the bank’s stock valued at $22,963,000 after buying an additional 207,078 shares during the last quarter. Deprince Race & Zollo Inc. raised its position in shares of Enterprise Financial Services by 250.2% in the fourth quarter. Deprince Race & Zollo Inc. now owns 209,375 shares of the bank’s stock valued at $7,879,000 after buying an additional 149,586 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Enterprise Financial Services in the fourth quarter valued at approximately $4,906,000. BlackRock Inc. raised its position in shares of Enterprise Financial Services by 4.0% in the fourth quarter. BlackRock Inc. now owns 1,754,043 shares of the bank’s stock valued at $66,005,000 after buying an additional 67,316 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its position in shares of Enterprise Financial Services by 26.0% in the fourth quarter. Segall Bryant & Hamill LLC now owns 198,970 shares of the bank’s stock valued at $7,487,000 after buying an additional 41,055 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors.

Shares of EFSC stock opened at $40.56 on Thursday. Enterprise Financial Services Corp has a one year low of $36.09 and a one year high of $58.15. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.08 billion, a P/E ratio of 11.24, a P/E/G ratio of 1.13 and a beta of 1.16.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, April 22nd. The bank reported $0.91 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.01). Enterprise Financial Services had a return on equity of 13.50% and a net margin of 29.29%. The company had revenue of $61.57 million for the quarter, compared to analyst estimates of $61.48 million. Research analysts anticipate that Enterprise Financial Services Corp will post 3.94 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.15 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.60 annualized dividend and a yield of 1.48%. Enterprise Financial Services’s dividend payout ratio is 15.51%.

EFSC has been the subject of a number of analyst reports. BidaskClub lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Zacks Investment Research raised shares of Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Enterprise Financial Services has an average rating of “Hold” and a consensus price target of $55.00.

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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.

See Also: Strangles

Want to see what other hedge funds are holding EFSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Financial Services Corp (NASDAQ:EFSC).

Institutional Ownership by Quarter for Enterprise Financial Services (NASDAQ:EFSC)

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