First Trust Advisors LP trimmed its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 58.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,305 shares of the bank’s stock after selling 98,469 shares during the quarter. First Trust Advisors LP owned approximately 0.30% of Enterprise Financial Services worth $2,646,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Victory Capital Management Inc. increased its position in Enterprise Financial Services by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 15,218 shares of the bank’s stock worth $573,000 after purchasing an additional 594 shares during the period. Parkside Financial Bank & Trust increased its position in Enterprise Financial Services by 5.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 14,179 shares of the bank’s stock worth $534,000 after purchasing an additional 753 shares during the period. SG Americas Securities LLC increased its position in Enterprise Financial Services by 14.9% in the fourth quarter. SG Americas Securities LLC now owns 7,970 shares of the bank’s stock worth $300,000 after purchasing an additional 1,035 shares during the period. Teachers Advisors LLC increased its position in Enterprise Financial Services by 2.5% in the third quarter. Teachers Advisors LLC now owns 43,846 shares of the bank’s stock worth $2,326,000 after purchasing an additional 1,063 shares during the period. Finally, United Services Automobile Association increased its position in Enterprise Financial Services by 1.6% in the third quarter. United Services Automobile Association now owns 98,116 shares of the bank’s stock worth $5,205,000 after purchasing an additional 1,575 shares during the period. Hedge funds and other institutional investors own 77.79% of the company’s stock.
In other news, President Scott Richard Goodman sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $46.49, for a total transaction of $46,490.00. Following the completion of the transaction, the president now directly owns 47,872 shares in the company, valued at approximately $2,225,569.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is currently owned by insiders.
Enterprise Financial Services stock opened at $43.14 on Friday. The stock has a market cap of $987.56 million, a PE ratio of 11.95, a P/E/G ratio of 1.20 and a beta of 1.16. Enterprise Financial Services Corp has a 1 year low of $36.09 and a 1 year high of $58.15. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.98 and a quick ratio of 0.98.
Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, January 21st. The bank reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.11. The company had revenue of $61.30 million during the quarter, compared to analyst estimates of $59.43 million. Enterprise Financial Services had a return on equity of 14.50% and a net margin of 32.31%. Equities analysts forecast that Enterprise Financial Services Corp will post 3.98 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.14 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, March 14th. Enterprise Financial Services’s payout ratio is presently 14.40%.
A number of analysts recently commented on EFSC shares. Zacks Investment Research upgraded Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Wednesday, January 23rd. ValuEngine upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Finally, BidaskClub lowered Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, November 30th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Enterprise Financial Services currently has a consensus rating of “Hold” and an average price target of $55.25.
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About Enterprise Financial Services
Enterprise Financial Services Corp operates as the financial 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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