Peregrine Capital Management LLC increased its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,615 shares of the bank’s stock after purchasing an additional 2,301 shares during the period. Peregrine Capital Management LLC owned approximately 0.61% of Enterprise Financial Services worth $4,998,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in EFSC. Advisor Group Inc. raised its holdings in shares of Enterprise Financial Services by 22.4% during the fourth quarter. Advisor Group Inc. now owns 1,754 shares of the bank’s stock valued at $85,000 after purchasing an additional 321 shares during the last quarter. UBS Group AG raised its holdings in shares of Enterprise Financial Services by 754.1% during the fourth quarter. UBS Group AG now owns 28,142 shares of the bank’s stock valued at $1,357,000 after purchasing an additional 24,847 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Enterprise Financial Services by 16.5% during the fourth quarter. Bank of New York Mellon Corp now owns 171,867 shares of the bank’s stock valued at $8,286,000 after purchasing an additional 24,401 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Enterprise Financial Services by 9.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 25,865 shares of the bank’s stock valued at $1,247,000 after purchasing an additional 2,163 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Enterprise Financial Services during the fourth quarter valued at approximately $208,000. 72.60% of the stock is owned by hedge funds and other institutional investors.
Shares of EFSC stock opened at $29.06 on Friday. The company has a 50 day simple moving average of $30.12 and a two-hundred day simple moving average of $33.46. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 0.75. The stock has a market cap of $761.55 million, a P/E ratio of 9.05 and a beta of 1.31. Enterprise Financial Services Corp has a 12 month low of $21.70 and a 12 month high of $48.81.
Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, July 20th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.03. The firm had revenue of $83.15 million during the quarter, compared to analysts’ expectations of $74.70 million. Enterprise Financial Services had a net margin of 23.83% and a return on equity of 10.03%. As a group, equities analysts forecast that Enterprise Financial Services Corp will post 2.99 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.48%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 17.65%.
In other news, Director Nevada A. Kent acquired 3,000 shares of Enterprise Financial Services stock in a transaction dated Wednesday, June 10th. The stock was purchased at an average cost of $34.34 per share, with a total value of $103,020.00. Following the completion of the purchase, the director now directly owns 5,027 shares in the company, valued at approximately $172,627.18. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 9.00% of the company’s stock.
EFSC has been the subject of a number of research reports. Zacks Investment Research raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Tuesday, May 19th. Raymond James upped their target price on shares of Enterprise Financial Services from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Finally, BidaskClub cut shares of Enterprise Financial Services from a “sell” rating to a “strong sell” rating in a report on Thursday, July 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $36.00.
About Enterprise Financial Services
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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