Thomson Horstmann & Bryant Inc. reduced its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 19.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 218,819 shares of the bank’s stock after selling 52,785 shares during the period. Thomson Horstmann & Bryant Inc. owned approximately 0.93% of Enterprise Financial Services Corp worth $9,277,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Acrospire Investment Management LLC increased its position in shares of Enterprise Financial Services Corp by 71.1% in the third quarter. Acrospire Investment Management LLC now owns 4,775 shares of the bank’s stock worth $149,000 after buying an additional 1,984 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in Enterprise Financial Services Corp during the first quarter valued at $201,000. Zacks Investment Management purchased a new position in Enterprise Financial Services Corp during the third quarter valued at $206,000. BlackRock Inc. increased its position in Enterprise Financial Services Corp by 1.9% in the third quarter. BlackRock Inc. now owns 10,741 shares of the bank’s stock valued at $336,000 after buying an additional 198 shares during the last quarter. Finally, A.R.T. Advisors LLC purchased a new position in Enterprise Financial Services Corp during the fourth quarter valued at $546,000. Hedge funds and other institutional investors own 70.88% of the company’s stock.
Enterprise Financial Services Corp (NASDAQ:EFSC) traded up 2.52% on Thursday, hitting $42.65. The stock had a trading volume of 103,951 shares. The firm has a 50-day moving average of $42.34 and a 200 day moving average of $39.68. Enterprise Financial Services Corp has a 52 week low of $25.76 and a 52 week high of $46.25. The company has a market capitalization of $999.50 million, a price-to-earnings ratio of 17.70 and a beta of 0.84.
Enterprise Financial Services Corp (NASDAQ:EFSC) last released its quarterly earnings results on Monday, January 23rd. The bank reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.06. Enterprise Financial Services Corp had a return on equity of 13.17% and a net margin of 27.39%. The business earned $44.48 million during the quarter, compared to analyst estimates of $42.50 million. On average, analysts predict that Enterprise Financial Services Corp will post $2.57 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were given a $0.11 dividend. The ex-dividend date was Monday, March 13th. This represents a $0.44 annualized dividend and a dividend yield of 1.03%. Enterprise Financial Services Corp’s payout ratio is 18.26%.
Separately, Zacks Investment Research downgraded Enterprise Financial Services Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, December 28th.
In other news, CEO Peter Benoist sold 23,525 shares of the business’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $45.34, for a total value of $1,066,623.50. Following the transaction, the chief executive officer now directly owns 26,219 shares in the company, valued at $1,188,769.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Murphy sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $41.68, for a total value of $416,800.00. The disclosure for this sale can be found here. Insiders sold 106,889 shares of company stock worth $4,574,205 over the last 90 days. Company insiders own 6.20% of the company’s stock.
About Enterprise Financial Services Corp
Enterprise Financial Services Corp is a financial 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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