Acropolis Investment Management LLC maintained its position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) during the second quarter, according to its most recent filing with the SEC. The firm owned 7,620 shares of the bank’s stock at the end of the second quarter. Acropolis Investment Management LLC’s holdings in Enterprise Financial Services Corporation were worth $311,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of EFSC. State Board of Administration of Florida Retirement System raised its position in shares of Enterprise Financial Services Corporation by 24.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,397 shares of the bank’s stock valued at $568,000 after buying an additional 2,648 shares during the last quarter. Chicago Equity Partners LLC acquired a new position in shares of Enterprise Financial Services Corporation during the first quarter valued at approximately $1,006,000. Bowling Portfolio Management LLC raised its position in shares of Enterprise Financial Services Corporation by 5.2% in the first quarter. Bowling Portfolio Management LLC now owns 18,826 shares of the bank’s stock valued at $798,000 after buying an additional 933 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Enterprise Financial Services Corporation by 3.7% in the first quarter. Wells Fargo & Company MN now owns 33,353 shares of the bank’s stock valued at $1,414,000 after buying an additional 1,184 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Enterprise Financial Services Corporation by 42.9% in the first quarter. Russell Investments Group Ltd. now owns 49,890 shares of the bank’s stock valued at $2,115,000 after buying an additional 14,982 shares during the last quarter. 69.13% of the stock is owned by institutional investors.

Enterprise Financial Services Corporation (NASDAQ EFSC) traded up 0.13% during mid-day trading on Friday, reaching $39.60. The company had a trading volume of 48,568 shares. Enterprise Financial Services Corporation has a 1-year low of $28.75 and a 1-year high of $46.25. The company has a market capitalization of $929.10 million, a PE ratio of 17.23 and a beta of 0.85. The firm has a 50-day moving average of $40.71 and a 200 day moving average of $41.83.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, September 14th. Enterprise Financial Services Corporation’s payout ratio is 18.97%.

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Several research analysts have recently commented on the company. BidaskClub raised Enterprise Financial Services Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research downgraded Enterprise Financial Services Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $45.00 target price on shares of Enterprise Financial Services Corporation in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $50.00 target price on shares of Enterprise Financial Services Corporation in a research report on Friday, July 14th. Two 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. The stock presently has an average rating of “Hold” and a consensus price target of $43.00.

Enterprise Financial Services Corporation Company Profile

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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