Allianz Asset Management GmbH boosted its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 74.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 359,773 shares of the bank’s stock after buying an additional 153,585 shares during the period. Allianz Asset Management GmbH owned about 1.56% of Enterprise Financial Services worth $19,086,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. acquired a new stake in Enterprise Financial Services during the third quarter worth $133,000. Brand Asset Management Group Inc. acquired a new stake in Enterprise Financial Services during the second quarter worth $134,000. UBS Group AG boosted its stake in Enterprise Financial Services by 94.2% during the first quarter. UBS Group AG now owns 4,099 shares of the bank’s stock worth $192,000 after buying an additional 1,988 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Enterprise Financial Services by 496.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,666 shares of the bank’s stock worth $198,000 after buying an additional 3,051 shares in the last quarter. Finally, Connable Office Inc. acquired a new stake in Enterprise Financial Services during the third quarter worth $208,000. Hedge funds and other institutional investors own 76.92% of the company’s stock.
In other news, Director John S. Eulich bought 10,000 shares of Enterprise Financial Services stock in a transaction dated Friday, November 9th. The shares were bought at an average price of $45.84 per share, for a total transaction of $458,400.00. Following the purchase, the director now owns 1,908 shares of the company’s stock, valued at $87,462.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Q. Arnold bought 1,000 shares of Enterprise Financial Services stock in a transaction dated Monday, November 19th. The stock was purchased at an average price of $45.59 per share, for a total transaction of $45,590.00. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by insiders.
Shares of NASDAQ:EFSC opened at $42.10 on Friday. Enterprise Financial Services Corp has a 52 week low of $40.47 and a 52 week high of $58.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $965.86 million, a PE ratio of 16.32, a PEG ratio of 1.33 and a beta of 0.96.
Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, October 22nd. The bank reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.08. Enterprise Financial Services had a net margin of 27.39% and a return on equity of 13.72%. The company had revenue of $56.50 million for the quarter, compared to the consensus estimate of $57.95 million. On average, sell-side analysts forecast that Enterprise Financial Services Corp will post 3.51 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, December 13th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.12. Enterprise Financial Services’s payout ratio is currently 18.60%.
A number of equities research analysts have weighed in on EFSC shares. Zacks Investment Research upgraded shares of Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Thursday, October 25th. BidaskClub upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, October 6th. Piper Jaffray Companies set a $52.00 price target on shares of Enterprise Financial Services and gave the stock a “buy” rating in a research note on Wednesday, October 24th. Keefe, Bruyette & Woods upgraded shares of Enterprise Financial Services from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $57.00 to $60.00 in a research note on Monday, November 5th. Finally, ValuEngine downgraded shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $54.50.
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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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