Dakota Wealth Management acquired a new stake in Enterprise Financial Services Corp (NASDAQ:EFSC – Get Rating) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,747 shares of the bank’s stock, valued at approximately $209,000.
Several other hedge funds and other institutional investors have also modified their holdings of EFSC. Great West Life Assurance Co. Can raised its holdings in Enterprise Financial Services by 29.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,020 shares of the bank’s stock valued at $102,000 after acquiring an additional 460 shares in the last quarter. US Bancorp DE raised its stake in shares of Enterprise Financial Services by 15.9% in the third quarter. US Bancorp DE now owns 3,091 shares of the bank’s stock valued at $136,000 after purchasing an additional 423 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in Enterprise Financial Services in the second quarter worth $200,000. Cetera Advisor Networks LLC acquired a new stake in Enterprise Financial Services during the first quarter worth $231,000. Finally, Bank of Montreal Can increased its holdings in Enterprise Financial Services by 5.0% in the 2nd quarter. Bank of Montreal Can now owns 5,513 shares of the bank’s stock valued at $237,000 after buying an additional 265 shares during the period. Institutional investors and hedge funds own 68.87% of the company’s stock.
Insider Transactions at Enterprise Financial Services
In related news, Director Richard Sanborn sold 24,552 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $52.10, for a total transaction of $1,279,159.20. Following the transaction, the director now owns 80,552 shares in the company, valued at approximately $4,196,759.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 122,890 shares of company stock worth $6,500,136. Insiders own 5.90% of the company’s stock.
Wall Street Analyst Weigh In
EFSC has been the subject of a number of analyst reports. StockNews.com downgraded shares of Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, December 15th. Raymond James lifted their price objective on Enterprise Financial Services from $58.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, January 25th. Finally, DA Davidson raised Enterprise Financial Services from a “neutral” rating to a “buy” rating and increased their target price for the stock from $46.00 to $60.00 in a report on Wednesday, October 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.67.
Enterprise Financial Services Trading Up 1.2 %
Shares of Enterprise Financial Services stock opened at $55.67 on Friday. The stock has a market capitalization of $2.07 billion, a P/E ratio of 10.46 and a beta of 1.15. Enterprise Financial Services Corp has a 12-month low of $39.63 and a 12-month high of $56.35. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.26. The company has a 50-day simple moving average of $50.95 and a 200 day simple moving average of $49.38.
Enterprise Financial Services (NASDAQ:EFSC – Get Rating) last posted its quarterly earnings data on Tuesday, January 24th. The bank reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.23. The company had revenue of $173.61 million during the quarter, compared to analyst estimates of $142.42 million. Enterprise Financial Services had a net margin of 35.36% and a return on equity of 14.65%. Research analysts expect that Enterprise Financial Services Corp will post 5.68 earnings per share for the current fiscal year.
Enterprise Financial Services Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.24. Enterprise Financial Services’s payout ratio is currently 18.05%.
Enterprise Financial Services Profile
Enterprise Financial Services Corp. operates as a financial holding company. The firm engages in the provision of business and personal banking services and wealth management services. It also offers lending services which include commercial and industrial commercial real estate, real estate construction and development, residential real estate and consumer loans.
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