Bank of New York Mellon Corp raised its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 217,370 shares of the bank’s stock after buying an additional 5,658 shares during the quarter. Bank of New York Mellon Corp owned about 0.94% of Enterprise Financial Services worth $9,814,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in EFSC. Maltese Capital Management LLC raised its stake in Enterprise Financial Services by 89.4% in the third quarter. Maltese Capital Management LLC now owns 186,806 shares of the bank’s stock valued at $7,911,000 after buying an additional 88,161 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Enterprise Financial Services by 6.8% in the third quarter. Dimensional Fund Advisors LP now owns 988,194 shares of the bank’s stock valued at $41,850,000 after buying an additional 63,020 shares during the last quarter. American Century Companies Inc. raised its stake in Enterprise Financial Services by 114.6% in the fourth quarter. American Century Companies Inc. now owns 102,908 shares of the bank’s stock valued at $4,646,000 after buying an additional 54,948 shares during the last quarter. Citadel Advisors LLC raised its stake in Enterprise Financial Services by 337.7% in the third quarter. Citadel Advisors LLC now owns 38,923 shares of the bank’s stock valued at $1,648,000 after buying an additional 30,031 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Enterprise Financial Services by 47.9% in the third quarter. Russell Investments Group Ltd. now owns 80,175 shares of the bank’s stock valued at $3,395,000 after buying an additional 25,964 shares during the last quarter. Institutional investors own 73.17% of the company’s stock.
EFSC has been the subject of a number of research analyst reports. Piper Jaffray reiterated a “buy” rating and issued a $54.50 price target on shares of Enterprise Financial Services in a research note on Tuesday, January 9th. BidaskClub cut Enterprise Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 27th. Finally, Zacks Investment Research cut Enterprise Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, March 27th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $50.83.
Shares of NASDAQ:EFSC opened at $46.90 on Friday. Enterprise Financial Services Corp has a 52-week low of $36.65 and a 52-week high of $49.97. The stock has a market capitalization of $1,083.25, a PE ratio of 18.18, a PEG ratio of 1.47 and a beta of 0.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 1.02.
Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.01. Enterprise Financial Services had a return on equity of 11.13% and a net margin of 20.34%. The firm had revenue of $58.52 million during the quarter, compared to analysts’ expectations of $56.93 million. equities analysts predict that Enterprise Financial Services Corp will post 3.54 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Wednesday, March 14th. Enterprise Financial Services’s payout ratio is 17.05%.
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Enterprise Financial Services Company Profile
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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