United Services Automobile Association Acquires 37,900 Shares of Enterprise Financial Services Corp (EFSC)

United Services Automobile Association lifted its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 64.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,541 shares of the bank’s stock after purchasing an additional 37,900 shares during the period. United Services Automobile Association owned about 0.42% of Enterprise Financial Services worth $5,208,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Northern Trust Corp increased its stake in shares of Enterprise Financial Services by 3.7% during the 2nd quarter. Northern Trust Corp now owns 425,861 shares of the bank’s stock worth $22,974,000 after purchasing an additional 15,273 shares in the last quarter. BDO Wealth Advisors LLC purchased a new position in shares of Enterprise Financial Services during the 2nd quarter worth approximately $256,000. Moneta Group Investment Advisors LLC increased its stake in shares of Enterprise Financial Services by 1.4% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 74,411 shares of the bank’s stock worth $4,014,000 after purchasing an additional 1,000 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Enterprise Financial Services by 496.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,666 shares of the bank’s stock worth $198,000 after purchasing an additional 3,051 shares in the last quarter. Finally, Earnest Partners LLC increased its stake in shares of Enterprise Financial Services by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 774,700 shares of the bank’s stock worth $41,795,000 after purchasing an additional 3,178 shares in the last quarter. 76.27% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on EFSC. BidaskClub raised shares of Enterprise Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. Zacks Investment Research raised 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 note on Friday, July 27th. DA Davidson lifted their target price on shares of Enterprise Financial Services to $60.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 25th. Finally, ValuEngine cut shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $59.83.

EFSC stock opened at $49.34 on Friday. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 1.65 and a beta of 0.78. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.04 and a quick ratio of 1.04. Enterprise Financial Services Corp has a one year low of $41.45 and a one year high of $58.15.

Enterprise Financial Services (NASDAQ:EFSC) last released its earnings results on Monday, July 23rd. The bank reported $0.86 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.86. The firm had revenue of $56.74 million during the quarter, compared to analysts’ expectations of $56.20 million. Enterprise Financial Services had a net margin of 25.87% and a return on equity of 13.30%. As a group, sell-side analysts expect that Enterprise Financial Services Corp will post 3.58 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a $0.12 dividend. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 0.97%. The ex-dividend date was Thursday, September 13th. Enterprise Financial Services’s payout ratio is presently 18.60%.

In other Enterprise Financial Services 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 value of $42,150.00. Following the completion of the sale, the insider now directly owns 2,761 shares of the company’s stock, valued at approximately $155,168.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Scott Richard Goodman sold 1,200 shares of Enterprise Financial Services stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $54.23, for a total transaction of $65,076.00. Following the completion of the sale, the president now directly owns 41,713 shares of the company’s stock, valued at $2,262,095.99. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

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.

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

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