Earnest Partners LLC Acquires 553,566 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Earnest Partners LLC lifted its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 54.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,569,522 shares of the bank’s stock after acquiring an additional 553,566 shares during the quarter. Earnest Partners LLC owned 5.84% of Enterprise Financial Services worth $65,292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EFSC. Peregrine Capital Management LLC bought a new stake in Enterprise Financial Services during the 2nd quarter valued at $8,216,000. BlackRock Inc. raised its holdings in Enterprise Financial Services by 4.0% during the 2nd quarter. BlackRock Inc. now owns 1,813,869 shares of the bank’s stock valued at $75,459,000 after buying an additional 69,973 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Enterprise Financial Services by 6.7% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,058,150 shares of the bank’s stock valued at $43,141,000 after buying an additional 66,825 shares during the last quarter. 361 Capital LLC bought a new stake in Enterprise Financial Services during the 1st quarter valued at $2,438,000. Finally, Marshall Wace North America L.P. raised its holdings in Enterprise Financial Services by 203.6% during the 1st quarter. Marshall Wace North America L.P. now owns 68,577 shares of the bank’s stock valued at $2,796,000 after buying an additional 45,986 shares during the last quarter. Hedge funds and other institutional investors own 71.86% of the company’s stock.

Shares of Enterprise Financial Services stock opened at $42.14 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.86. The company’s fifty day simple moving average is $39.82 and its two-hundred day simple moving average is $41.45. The company has a market cap of $1.10 billion, a P/E ratio of 11.67, a PEG ratio of 1.15 and a beta of 1.17. Enterprise Financial Services Corp has a 12-month low of $36.09 and a 12-month high of $55.61.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.05. The business had revenue of $73.68 million for the quarter, compared to the consensus estimate of $72.27 million. Enterprise Financial Services had a net margin of 25.85% and a return on equity of 13.19%. Analysts predict that Enterprise Financial Services Corp will post 3.94 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.16 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Thursday, September 12th. Enterprise Financial Services’s payout ratio is presently 16.62%.

A number of research firms recently commented on EFSC. Zacks Investment Research lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, July 25th. BidaskClub lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Three research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $53.33.

Enterprise Financial Services Company Profile

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

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