WINTON GROUP Ltd reduced its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 34.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 21,451 shares of the bank’s stock after selling 11,512 shares during the period. WINTON GROUP Ltd owned 0.09% of Enterprise Financial Services worth $1,157,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brand Asset Management Group Inc. acquired a new stake in shares of Enterprise Financial Services in the 2nd quarter valued at $134,000. Meeder Asset Management Inc. boosted its position in shares of Enterprise Financial Services by 294.8% in the 2nd 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 last quarter. Tower Research Capital LLC TRC boosted its position in shares of Enterprise Financial Services by 496.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,666 shares of the bank’s stock worth $198,000 after purchasing an additional 3,051 shares during the last quarter. Meritage Portfolio Management bought a new position in shares of Enterprise Financial Services in the 2nd quarter worth $220,000. Finally, UBS Group AG boosted its position in shares of Enterprise Financial Services by 94.2% in the 1st 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 last quarter. 76.27% of the stock is owned by institutional investors.

NASDAQ:EFSC opened at $52.90 on Thursday. Enterprise Financial Services Corp has a 12-month low of $41.40 and a 12-month high of $58.15. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $1.25 billion, a PE ratio of 17.07, a P/E/G ratio of 1.67 and a beta of 0.76.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, July 23rd. The bank reported $0.86 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.86. Enterprise Financial Services had a return on equity of 13.30% and a net margin of 25.87%. The business had revenue of $56.74 million for the quarter, compared to analyst estimates of $56.20 million. analysts forecast that Enterprise Financial Services Corp will post 3.58 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 13th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 0.91%. Enterprise Financial Services’s payout ratio is currently 18.60%.

EFSC has been the topic of several recent research reports. BidaskClub lowered Enterprise Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 29th. Zacks Investment Research upgraded Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Friday, July 27th. DA Davidson raised their price target on Enterprise Financial Services to $60.00 and gave the stock an “in-line” rating in a research report on Wednesday, July 25th. Finally, ValuEngine lowered Enterprise Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Enterprise Financial Services presently has an average rating of “Hold” and a consensus price target of $56.38.

In other Enterprise Financial Services news, President Scott Richard Goodman sold 1,200 shares of Enterprise Financial Services stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $54.23, for a total transaction of $65,076.00. Following the transaction, the president now directly owns 41,713 shares in the company, valued at $2,262,095.99. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Douglas Bauche sold 750 shares of Enterprise Financial Services stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $56.20, for a total value of $42,150.00. Following the transaction, the insider now owns 2,761 shares in the company, valued at $155,168.20. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

About Enterprise Financial Services

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

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