American International Group Inc. boosted its stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,817 shares of the bank’s stock after buying an additional 780 shares during the period. American International Group Inc. owned approximately 0.05% of Enterprise Financial Services Corporation worth $501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EFSC. EAM Investors LLC acquired a new stake in shares of Enterprise Financial Services Corporation during the first quarter worth $834,000. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Enterprise Financial Services Corporation during the first quarter worth $1,879,000. Prudential Financial Inc. boosted its stake in shares of Enterprise Financial Services Corporation by 42.7% in the first quarter. Prudential Financial Inc. now owns 321,885 shares of the bank’s stock worth $13,648,000 after buying an additional 96,310 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Enterprise Financial Services Corporation by 76.6% in the first quarter. JPMorgan Chase & Co. now owns 247,368 shares of the bank’s stock worth $10,488,000 after buying an additional 107,261 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Enterprise Financial Services Corporation by 21.2% in the first quarter. Nordea Investment Management AB now owns 151,600 shares of the bank’s stock worth $6,428,000 after buying an additional 26,530 shares during the period. Institutional investors and hedge funds own 68.98% of the company’s stock.

Enterprise Financial Services Corporation (NASDAQ EFSC) traded down 0.51% during trading on Monday, reaching $39.40. 149,728 shares of the company’s stock traded hands. The firm’s 50 day moving average is $40.71 and its 200-day moving average is $41.83. The company has a market capitalization of $924.40 million, a price-to-earnings ratio of 17.15 and a beta of 0.85. Enterprise Financial Services Corporation has a 12 month low of $28.75 and a 12 month high of $46.25.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last released its quarterly earnings results on Monday, July 24th. The bank reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.06. Enterprise Financial Services Corporation had a net margin of 24.54% and a return on equity of 11.18%. The business had revenue of $53.57 million during the quarter, compared to the consensus estimate of $51.91 million. Analysts expect that Enterprise Financial Services Corporation will post $2.52 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.12%. Enterprise Financial Services Corporation’s dividend payout ratio is 18.97%.

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A number of brokerages have weighed in on EFSC. BidaskClub raised shares of Enterprise Financial Services Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research cut shares of Enterprise Financial Services Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Enterprise Financial Services Corporation in a report on Friday, June 2nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Enterprise Financial Services Corporation in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Enterprise Financial Services Corporation currently has an average rating of “Hold” and a consensus target price of $43.00.

About Enterprise Financial Services Corporation

Enterprise Financial Services Corp is a financial holding company for a full service banking subsidiary, Enterprise Bank & Trust (the Bank). The Bank offers banking and wealth management services to individuals and business customers primarily located in the St. Louis, Kansas City and Phoenix metropolitan markets.

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

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