Robeco Institutional Asset Management B.V. purchased a new position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 2,500 shares of the bank’s stock, valued at approximately $133,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its holdings in shares of Enterprise Financial Services by 105.7% during the third quarter. First Trust Advisors LP now owns 168,774 shares of the bank’s stock worth $8,953,000 after buying an additional 86,719 shares during the last quarter. Bank of Montreal Can lifted its position in Enterprise Financial Services by 3,530.8% in the third quarter. Bank of Montreal Can now owns 53,591 shares of the bank’s stock valued at $2,843,000 after purchasing an additional 52,115 shares during the period. United Services Automobile Association lifted its position in Enterprise Financial Services by 64.6% in the second quarter. United Services Automobile Association now owns 96,541 shares of the bank’s stock valued at $5,208,000 after purchasing an additional 37,900 shares during the period. Northern Trust Corp lifted its position in Enterprise Financial Services by 3.7% in the second quarter. Northern Trust Corp now owns 425,861 shares of the bank’s stock valued at $22,974,000 after purchasing an additional 15,273 shares during the period. Finally, BDO Wealth Advisors LLC acquired a new stake in Enterprise Financial Services in the second quarter valued at about $256,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Douglas Bauche sold 750 shares of Enterprise Financial Services stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $56.20, for a total transaction of $42,150.00. Following the completion of the sale, the insider now directly owns 2,761 shares in the company, valued at approximately $155,168.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by company insiders.
Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, October 22nd. The bank reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.08. The firm had revenue of $56.50 million during the quarter, compared to the consensus estimate of $57.95 million. Enterprise Financial Services had a net margin of 27.39% and a return on equity of 13.72%. On average, sell-side analysts anticipate that Enterprise Financial Services Corp will post 3.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, December 13th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 18.60%.
EFSC has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Friday, July 27th. BidaskClub upgraded shares of Enterprise Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Piper Jaffray Companies set a $52.00 price objective on shares of Enterprise Financial Services and gave the company a “buy” rating in a research report on Wednesday, October 24th. ValuEngine downgraded shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. Finally, DA Davidson raised their price objective on shares of Enterprise Financial Services to $60.00 and gave the company an “in-line” rating in a research report on Wednesday, July 25th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $54.50.
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. The company offers demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.
Further Reading: Return on Investment (ROI)
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