Prudential Financial Inc. lifted its position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 5.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,745 shares of the bank’s stock after acquiring an additional 18,860 shares during the period. Prudential Financial Inc. owned approximately 1.45% of Enterprise Financial Services Corporation worth $13,902,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Enterprise Financial Services Corporation by 10.3% during the first quarter. Vanguard Group Inc. now owns 952,276 shares of the bank’s stock valued at $40,376,000 after acquiring an additional 89,165 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Enterprise Financial Services Corporation by 5.9% during the first quarter. Dimensional Fund Advisors LP now owns 890,344 shares of the bank’s stock valued at $37,751,000 after acquiring an additional 49,557 shares in the last quarter. State Street Corp increased its position in shares of Enterprise Financial Services Corporation by 5.1% during the first quarter. State Street Corp now owns 373,035 shares of the bank’s stock valued at $15,817,000 after acquiring an additional 18,021 shares in the last quarter. Kennedy Capital Management Inc. increased its position in shares of Enterprise Financial Services Corporation by 5.5% during the first quarter. Kennedy Capital Management Inc. now owns 312,423 shares of the bank’s stock valued at $13,247,000 after acquiring an additional 16,220 shares in the last quarter. Finally, Rothschild Asset Management Inc. increased its position in shares of Enterprise Financial Services Corporation by 6.4% during the second quarter. Rothschild Asset Management Inc. now owns 306,765 shares of the bank’s stock valued at $12,516,000 after acquiring an additional 18,368 shares in the last quarter. 72.88% of the stock is owned by institutional investors.

In other Enterprise Financial Services Corporation news, insider Douglas Bauche sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $38.11, for a total transaction of $45,732.00. Following the transaction, the insider now owns 1,639 shares in the company, valued at approximately $62,462.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Holmes purchased 2,556 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of $38.74 per share, for a total transaction of $99,019.44. Following the purchase, the director now directly owns 2,716 shares in the company, valued at approximately $105,217.84. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company’s stock.

Several brokerages recently issued reports on EFSC. Keefe, Bruyette & Woods restated a “hold” rating and issued a $45.00 target price on shares of Enterprise Financial Services Corporation in a report on Friday, June 2nd. BidaskClub cut shares of Enterprise Financial Services Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research cut shares of Enterprise Financial Services Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $50.00 target price on shares of Enterprise Financial Services Corporation in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $43.00.

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Shares of Enterprise Financial Services Corporation (EFSC) opened at 37.20 on Friday. The stock has a market cap of $872.79 million, a PE ratio of 16.19 and a beta of 0.87. The company has a 50-day moving average of $38.73 and a 200 day moving average of $41.17. Enterprise Financial Services Corporation has a one year low of $30.50 and a one year high of $46.25.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last issued 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 company had revenue of $53.57 million for the quarter, compared to analyst estimates of $51.91 million. On average, analysts predict that Enterprise Financial Services Corporation will post $2.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.18%. Enterprise Financial Services Corporation’s payout ratio is 18.97%.

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.

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

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