Financial Counselors Inc. Lowers Stake in Enterprise Financial Services Corp (NASDAQ:EFSC)

Financial Counselors Inc. lowered its stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSCFree Report) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,599 shares of the bank’s stock after selling 500 shares during the quarter. Financial Counselors Inc. owned 0.11% of Enterprise Financial Services worth $1,728,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of Enterprise Financial Services by 8.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,010 shares of the bank’s stock valued at $179,000 after purchasing an additional 324 shares in the last quarter. Strs Ohio boosted its stake in Enterprise Financial Services by 9.5% during the fourth quarter. Strs Ohio now owns 4,600 shares of the bank’s stock worth $205,000 after acquiring an additional 400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Enterprise Financial Services by 5.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,338 shares of the bank’s stock worth $729,000 after acquiring an additional 853 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Enterprise Financial Services by 263.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,469 shares of the bank’s stock worth $55,000 after acquiring an additional 1,065 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Enterprise Financial Services by 16.3% in the fourth quarter. Principal Financial Group Inc. now owns 15,628 shares of the bank’s stock worth $698,000 after buying an additional 2,192 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Up 0.9 %

Shares of EFSC stock opened at $39.51 on Wednesday. Enterprise Financial Services Corp has a 12 month low of $32.97 and a 12 month high of $46.17. The stock has a market cap of $1.48 billion, a P/E ratio of 8.46 and a beta of 0.99. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29. The company has a 50 day simple moving average of $39.02 and a two-hundred day simple moving average of $40.12.

Enterprise Financial Services (NASDAQ:EFSCGet Free Report) last posted its quarterly earnings results on Monday, April 22nd. The bank reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.03). The firm had revenue of $149.89 million during the quarter, compared to the consensus estimate of $156.04 million. Enterprise Financial Services had a return on equity of 11.35% and a net margin of 20.60%. On average, research analysts expect that Enterprise Financial Services Corp will post 4.32 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.26 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Friday, June 14th. Enterprise Financial Services’s dividend payout ratio is presently 22.27%.

Analyst Ratings Changes

Several research analysts have recently issued reports on EFSC shares. Keefe, Bruyette & Woods dropped their target price on shares of Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. DA Davidson decreased their price objective on shares of Enterprise Financial Services from $47.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Enterprise Financial Services currently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Read Our Latest Research Report on Enterprise Financial Services

About Enterprise Financial Services

(Free Report)

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 primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.

See Also

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

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