Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE lifted its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 34.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 261,258 shares of the bank’s stock after purchasing an additional 66,653 shares during […]

Bank of America Corp DE lifted its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 34.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 261,258 shares of the bank’s stock after purchasing an additional 66,653 shares during the quarter. Bank of America Corp DE owned about 1.00% of Enterprise Financial Services worth $8,130,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Fifth Third Bancorp purchased a new position in shares of Enterprise Financial Services in the 2nd quarter worth $47,000. FDx Advisors Inc. purchased a new stake in shares of Enterprise Financial Services during the first quarter worth about $52,000. New York State Teachers Retirement System increased its position in shares of Enterprise Financial Services by 320.0% during the second quarter. New York State Teachers Retirement System now owns 2,100 shares of the bank’s stock worth $65,000 after acquiring an additional 1,600 shares during the last quarter. AJO LP purchased a new stake in shares of Enterprise Financial Services during the second quarter worth about $150,000. Finally, Federated Hermes Inc. increased its position in shares of Enterprise Financial Services by 29.6% during the second quarter. Federated Hermes Inc. now owns 5,184 shares of the bank’s stock worth $161,000 after acquiring an additional 1,184 shares during the last quarter. Institutional investors and hedge funds own 73.43% of the company’s stock.

NASDAQ EFSC opened at $26.42 on Monday. The stock has a market cap of $692.36 million, a P/E ratio of 8.23 and a beta of 1.26. The company’s 50-day simple moving average is $30.19 and its 200 day simple moving average is $29.38. Enterprise Financial Services Corp has a twelve month low of $21.70 and a twelve month high of $48.81. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.75.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, July 20th. The bank reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.03. The business had revenue of $83.15 million for 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%. Research analysts anticipate that Enterprise Financial Services Corp will post 2.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 yield of 2.73%. Enterprise Financial Services’s payout ratio is currently 17.65%.

A number of brokerages have recently issued reports on EFSC. Raymond James dropped their target price on Enterprise Financial Services from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, August 24th. BidaskClub lowered Enterprise Financial Services from a “sell” rating to a “strong sell” rating in a research report on Friday, August 21st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. Enterprise Financial Services has a consensus rating of “Hold” and an average price target of $35.00.

In other Enterprise Financial Services news, Director John S. Eulich bought 5,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average price of $29.23 per share, with a total value of $146,150.00. Following the completion of the purchase, the director now directly owns 8,600 shares in the company, valued at approximately $251,378. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.00% of the company’s stock.

Enterprise Financial Services Company 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.

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

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