Legal & General Group Plc increased its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,090 shares of the bank’s stock after buying an additional 219 shares during the period. Legal & General Group Plc’s holdings in Enterprise Financial Services Corporation were worth $215,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EFSC. TFS Capital LLC increased its position in Enterprise Financial Services Corporation by 6.6% in the first quarter. TFS Capital LLC now owns 9,101 shares of the bank’s stock valued at $386,000 after buying an additional 563 shares in the last quarter. Teachers Advisors LLC increased its position in Enterprise Financial Services Corporation by 2.0% in the fourth quarter. Teachers Advisors LLC now owns 33,505 shares of the bank’s stock valued at $1,441,000 after buying an additional 645 shares in the last quarter. American International Group Inc. increased its position in Enterprise Financial Services Corporation by 7.1% in the first quarter. American International Group Inc. now owns 11,817 shares of the bank’s stock valued at $501,000 after buying an additional 780 shares in the last quarter. Bowling Portfolio Management LLC increased its position in 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 in the last quarter. Finally, Mutual of America Capital Management LLC increased its position in Enterprise Financial Services Corporation by 0.7% in the first quarter. Mutual of America Capital Management LLC now owns 149,854 shares of the bank’s stock valued at $6,354,000 after buying an additional 1,070 shares in the last quarter. 68.98% of the stock is currently owned by institutional investors.

Enterprise Financial Services Corporation (NASDAQ:EFSC) traded down 1.30% on Friday, reaching $37.95. 217,413 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $40.22 and a 200-day moving average of $41.79. The stock has a market cap of $890.38 million, a price-to-earnings ratio of 16.51 and a beta of 0.85. Enterprise Financial Services Corporation has a one year low of $29.26 and a one year high of $46.25.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.16%. 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 firms recently commented on EFSC. Zacks Investment Research downgraded shares of Enterprise Financial Services Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. BidaskClub raised shares of Enterprise Financial Services Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $48.00 price target on shares of Enterprise Financial Services Corporation in a research note on Friday, July 28th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $45.00 target price on shares of Enterprise Financial Services Corporation in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Enterprise Financial Services Corporation presently has a consensus 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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