Maltese Capital Management LLC Lowers Stake in Enterprise Financial Services Corp (EFSC)
Maltese Capital Management LLC trimmed its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 82.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,900 shares of the bank’s stock after selling 173,123 shares during the quarter. Maltese Capital Management LLC owned 0.16% of Enterprise Financial Services worth $2,045,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Brand Asset Management Group Inc. acquired a new position in shares of Enterprise Financial Services during the second quarter worth approximately $134,000. Meeder Asset Management Inc. raised its position in shares of Enterprise Financial Services by 294.8% during the second quarter. Meeder Asset Management Inc. now owns 2,523 shares of the bank’s stock worth $136,000 after purchasing an additional 1,884 shares during the period. UBS Group AG raised its position in shares of Enterprise Financial Services by 94.2% during the first quarter. UBS Group AG now owns 4,099 shares of the bank’s stock worth $192,000 after purchasing an additional 1,988 shares during the period. Meritage Portfolio Management acquired a new position in shares of Enterprise Financial Services during the second quarter worth approximately $220,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Enterprise Financial Services during the second quarter worth approximately $251,000. 79.08% of the stock is currently owned by institutional investors.
A number of brokerages have recently weighed in on EFSC. BidaskClub raised Enterprise Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research raised Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, July 27th. Finally, DA Davidson upped their target price on Enterprise Financial Services to $60.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $56.38.
NASDAQ EFSC opened at $57.20 on Friday. The firm has a market capitalization of $1.33 billion, a P/E ratio of 18.23, a P/E/G ratio of 1.79 and a beta of 0.87. Enterprise Financial Services Corp has a 12 month low of $36.65 and a 12 month high of $58.15. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.13.
Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, July 23rd. The bank reported $0.86 EPS for the quarter, meeting analysts’ consensus estimates of $0.86. The business had revenue of $56.74 million during the quarter, compared to analyst estimates of $56.20 million. Enterprise Financial Services had a return on equity of 13.30% and a net margin of 25.87%. equities analysts expect that Enterprise Financial Services Corp will post 3.58 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a $0.12 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, September 13th. Enterprise Financial Services’s dividend payout ratio is presently 17.05%.
Enterprise Financial Services Company Profile
Enterprise Financial Services Corp operates as the 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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