Moneta Group Investment Advisors LLC reduced its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 20.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,913 shares of the bank’s stock after selling 15,687 shares during the period. Moneta Group Investment Advisors LLC owned 0.23% of Enterprise Financial Services worth $2,534,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Advisor Group Inc. boosted its position in shares of Enterprise Financial Services by 112.4% during the 2nd quarter. Advisor Group Inc. now owns 1,512 shares of the bank’s stock worth $62,000 after purchasing an additional 800 shares in the last quarter. Aperio Group LLC bought a new position in shares of Enterprise Financial Services during the 2nd quarter worth about $158,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Enterprise Financial Services by 785.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,509 shares of the bank’s stock worth $184,000 after purchasing an additional 4,000 shares in the last quarter. Voloridge Investment Management LLC bought a new position in shares of Enterprise Financial Services during the 2nd quarter worth about $220,000. Finally, Sawtooth Solutions LLC bought a new position in shares of Enterprise Financial Services during the 1st quarter worth about $227,000. Hedge funds and other institutional investors own 71.77% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. BidaskClub cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Zacks Investment Research cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th. Finally, Raymond James assumed coverage on shares of Enterprise Financial Services in a research report on Thursday, September 19th. They issued an “outperform” rating and a $48.00 price target on the stock. Three investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.00.
Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.05. Enterprise Financial Services had a net margin of 25.85% and a return on equity of 13.19%. The business had revenue of $73.68 million for the quarter, compared to analysts’ expectations of $72.27 million. Research analysts anticipate that Enterprise Financial Services Corp will post 3.94 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $0.16 dividend. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.64 annualized dividend and a yield of 1.53%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 17.73%.
Enterprise Financial Services Profile
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.
Recommended Story: What is an Initial Public Offering (IPO)?
Want to see what other hedge funds are holding EFSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Financial Services Corp (NASDAQ:EFSC).
Receive News & Ratings for Enterprise Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.