Stifel Financial Corp lifted its holdings in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 6.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,562 shares of the bank’s stock after purchasing an additional 549 shares during the period. Stifel Financial Corp’s holdings in Enterprise Financial Services Corporation were worth $350,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legal & General Group Plc grew its stake in shares of Enterprise Financial Services Corporation by 4.5% in the 1st quarter. Legal & General Group Plc now owns 5,090 shares of the bank’s stock worth $215,000 after purchasing an additional 219 shares during the last quarter. Citigroup Inc. grew its stake in shares of Enterprise Financial Services Corporation by 272.4% in the 2nd quarter. Citigroup Inc. now owns 5,556 shares of the bank’s stock worth $227,000 after purchasing an additional 4,064 shares during the last quarter. Brookstone Capital Management acquired a new position in shares of Enterprise Financial Services Corporation in the 2nd quarter worth approximately $228,000. Laurion Capital Management LP acquired a new position in shares of Enterprise Financial Services Corporation in the 2nd quarter worth approximately $319,000. Finally, Citadel Advisors LLC acquired a new position in shares of Enterprise Financial Services Corporation in the 2nd quarter worth approximately $363,000. 72.38% of the stock is currently owned by institutional investors.

In other news, insider Douglas Bauche sold 1,200 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $38.11, for a total value of $45,732.00. Following the completion of the sale, the insider now directly owns 1,639 shares of the company’s stock, valued at approximately $62,462.29. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Holmes purchased 2,556 shares of the stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $38.74 per share, with a total value of $99,019.44. Following the completion of the purchase, the director now owns 2,716 shares in the company, valued at $105,217.84. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company’s stock.

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Enterprise Financial Services Corporation (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, October 23rd. The bank reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $54.00 million during the quarter, compared to analysts’ expectations of $54.11 million. Enterprise Financial Services Corporation had a return on equity of 11.15% and a net margin of 24.73%.

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

EFSC has been the topic of several recent research reports. BidaskClub cut shares of Enterprise Financial Services Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Enterprise Financial Services Corporation in a research note on Friday, July 14th. Zacks Investment Research cut shares of Enterprise Financial Services Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $46.00 price objective on shares of Enterprise Financial Services Corporation in a research note on Tuesday, October 3rd.

Enterprise Financial Services Corporation Company 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.

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

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