Enterprise Financial Services Corp (EFSC) Shares Sold by Dupont Capital Management Corp
Dupont Capital Management Corp lowered its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 71.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,310 shares of the bank’s stock after selling 18,162 shares during the quarter. Dupont Capital Management Corp’s holdings in Enterprise Financial Services were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of EFSC. Schwab Charles Investment Management Inc. boosted its holdings in Enterprise Financial Services by 8.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 103,846 shares of the bank’s stock valued at $4,237,000 after acquiring an additional 7,682 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Enterprise Financial Services by 7.1% in the second quarter. Teachers Advisors LLC now owns 40,049 shares of the bank’s stock valued at $1,634,000 after acquiring an additional 2,668 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Enterprise Financial Services by 13.0% in the second quarter. TIAA CREF Investment Management LLC now owns 102,304 shares of the bank’s stock valued at $4,174,000 after acquiring an additional 11,766 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Enterprise Financial Services by 42.7% in the second quarter. New York State Common Retirement Fund now owns 40,757 shares of the bank’s stock valued at $1,663,000 after acquiring an additional 12,198 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in Enterprise Financial Services by 272.4% in the second quarter. Citigroup Inc. now owns 5,556 shares of the bank’s stock valued at $227,000 after acquiring an additional 4,064 shares during the last quarter. Hedge funds and other institutional investors own 73.21% of the company’s stock.
EFSC has been the topic of a number of research analyst reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $54.50 target price on shares of Enterprise Financial Services in a report on Tuesday, January 9th. ValuEngine cut Enterprise Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Zacks Investment Research upgraded Enterprise Financial Services from a “hold” rating to a “strong-buy” rating and set a $52.00 target price on the stock in a report on Monday, January 1st. Finally, BidaskClub upgraded Enterprise Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Enterprise Financial Services presently has a consensus rating of “Buy” and an average price target of $50.83.
Enterprise Financial Services Corp (NASDAQ:EFSC) opened at $47.05 on Friday. The company has a market capitalization of $1,086.34, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.48 and a beta of 0.92. Enterprise Financial Services Corp has a one year low of $36.65 and a one year high of $49.67. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.03 and a current ratio of 1.03.
Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.01. The company had revenue of $58.52 million for the quarter, compared to analysts’ expectations of $56.93 million. Enterprise Financial Services had a return on equity of 11.15% and a net margin of 20.34%. sell-side analysts expect that Enterprise Financial Services Corp will post 3.54 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Wednesday, March 14th. Enterprise Financial Services’s dividend payout ratio is presently 21.26%.
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About Enterprise Financial Services
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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