Polar Capital LLP cut its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC) by 18.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,884 shares of the bank’s stock after selling 1,787 shares during the period. Polar Capital LLP’s holdings in Enterprise Financial Services were worth $297,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in Enterprise Financial Services by 18.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,441 shares of the bank’s stock valued at $54,000 after acquiring an additional 227 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Enterprise Financial Services in the 4th quarter valued at $82,000. Atwood & Palmer Inc. acquired a new position in Enterprise Financial Services in the 4th quarter valued at $93,000. Robeco Institutional Asset Management B.V. acquired a new position in Enterprise Financial Services in the 3rd quarter valued at $133,000. Finally, GW&K Investment Management LLC acquired a new position in Enterprise Financial Services in the 4th quarter valued at $238,000. Institutional investors own 77.79% of the company’s stock.
EFSC stock opened at $43.14 on Friday. The firm has a market cap of $987.56 million, a PE ratio of 11.95, a PEG ratio of 1.20 and a beta of 1.16. 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 Corp has a 52 week low of $36.09 and a 52 week high of $58.15.
Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Monday, January 21st. The bank reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. The business had revenue of $61.30 million during the quarter, compared to the consensus estimate of $59.43 million. Enterprise Financial Services had a return on equity of 14.50% and a net margin of 32.31%. On average, analysts forecast that Enterprise Financial Services Corp will post 3.98 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, March 14th. Enterprise Financial Services’s dividend payout ratio is presently 14.40%.
In other news, President Scott Richard Goodman sold 1,000 shares of the company’s stock in a transaction on 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 sale, the president now directly owns 47,872 shares in the company, valued at approximately $2,225,569.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.60% of the company’s stock.
A number of analysts have recently commented on the company. Zacks Investment Research upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Monday, December 17th. ValuEngine downgraded Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. Finally, BidaskClub downgraded Enterprise Financial Services from a “sell” rating to a “strong sell” rating in a report on Friday, December 21st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $55.25.
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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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