Enterprise Financial Services Corporation (EFSC) Shares Bought by Financial Counselors Inc.

Financial Counselors Inc. lifted its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 24.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,526 shares of the bank’s stock after purchasing an additional 8,448 shares during the quarter. Financial Counselors Inc. owned about 0.19% of Enterprise Financial Services worth $1,843,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Enterprise Financial Services by 6.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 988,194 shares of the bank’s stock valued at $41,850,000 after purchasing an additional 63,020 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Enterprise Financial Services by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 969,746 shares of the bank’s stock valued at $39,565,000 after purchasing an additional 17,470 shares during the last quarter. State Street Corp raised its position in shares of Enterprise Financial Services by 73.1% in the 2nd quarter. State Street Corp now owns 645,810 shares of the bank’s stock valued at $26,349,000 after purchasing an additional 272,775 shares during the last quarter. Kennedy Capital Management Inc. raised its position in shares of Enterprise Financial Services by 36.5% in the 2nd quarter. Kennedy Capital Management Inc. now owns 426,541 shares of the bank’s stock valued at $17,403,000 after purchasing an additional 114,118 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Enterprise Financial Services by 14.8% in the 2nd quarter. Northern Trust Corp now owns 419,404 shares of the bank’s stock valued at $17,112,000 after purchasing an additional 54,189 shares during the last quarter. 74.46% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on EFSC shares. Zacks Investment Research raised shares of Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Thursday, October 26th. Piper Jaffray Companies reissued an “overweight” rating and set a $49.00 price target on shares of Enterprise Financial Services in a research report on Friday, October 6th. ValuEngine lowered shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $46.00 price target on shares of Enterprise Financial Services in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $48.33.

In other news, insider Douglas Bauche sold 960 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $44.10, for a total transaction of $42,336.00. Following the sale, the insider now owns 679 shares of the company’s stock, valued at approximately $29,943.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Scott Richard Goodman sold 3,700 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $45.85, for a total transaction of $169,645.00. Following the sale, the president now directly owns 38,269 shares in the company, valued at approximately $1,754,633.65. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Enterprise Financial Services Corporation (NASDAQ EFSC) opened at $44.50 on Wednesday. Enterprise Financial Services Corporation has a 1 year low of $36.65 and a 1 year high of $46.25. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $1,044.84, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 2.00 and a beta of 0.88.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, October 23rd. The bank reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Enterprise Financial Services had a net margin of 24.73% and a return on equity of 11.15%. The company had revenue of $54.00 million during the quarter, compared to analyst estimates of $54.11 million. equities analysts predict that Enterprise Financial Services Corporation will post 2.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Thursday, December 14th. Enterprise Financial Services’s dividend payout ratio is presently 18.18%.

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

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