Eaton Vance Management maintained its position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,017 shares of the bank’s stock at the end of the second quarter. Eaton Vance Management owned about 0.43% of Enterprise Financial Services Corporation worth $4,081,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EFSC. Kennedy Capital Management Inc. raised its holdings in Enterprise Financial Services Corporation by 36.5% in the 2nd quarter. Kennedy Capital Management Inc. now owns 426,541 shares of the bank’s stock valued at $17,403,000 after acquiring an additional 114,118 shares during the period. JPMorgan Chase & Co. grew its position in shares of Enterprise Financial Services Corporation by 76.6% during the 1st quarter. JPMorgan Chase & Co. now owns 247,368 shares of the bank’s stock worth $10,488,000 after purchasing an additional 107,261 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Enterprise Financial Services Corporation by 42.7% during the 1st quarter. Prudential Financial Inc. now owns 321,885 shares of the bank’s stock worth $13,648,000 after purchasing an additional 96,310 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Enterprise Financial Services Corporation by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 952,276 shares of the bank’s stock worth $40,376,000 after purchasing an additional 89,165 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Enterprise Financial Services Corporation by 72.6% during the 1st quarter. Bank of New York Mellon Corp now owns 198,611 shares of the bank’s stock worth $8,421,000 after purchasing an additional 83,562 shares in the last quarter. 72.88% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Financial Services Corporation (NASDAQ EFSC) opened at 39.15 on Friday. The firm’s 50 day moving average is $38.57 and its 200-day moving average is $40.93. Enterprise Financial Services Corporation has a 12 month low of $30.59 and a 12 month high of $46.25. The firm has a market cap of $918.54 million, a price-to-earnings ratio of 17.04 and a beta of 0.87.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, July 24th. The bank reported $0.56 earnings per share (EPS) for the quarter, missing the 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. On average, equities analysts forecast that Enterprise Financial Services Corporation will post $2.52 EPS for the current year.

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

A number of brokerages have issued reports on EFSC. BidaskClub upgraded shares of Enterprise Financial Services Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research lowered shares of 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 set 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 set a $50.00 target price on shares of Enterprise Financial Services Corporation in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Enterprise Financial Services Corporation has a consensus rating of “Hold” and a consensus price target of $43.00.

In other Enterprise Financial Services Corporation news, Director Michael Holmes purchased 2,556 shares of the stock in a transaction dated Tuesday, August 15th. The shares were bought at an average price of $38.74 per share, with a total value of $99,019.44. Following the completion of the transaction, the director now directly owns 2,716 shares in the company, valued at approximately $105,217.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Douglas Bauche sold 1,200 shares of the business’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 completion of the sale, the insider now directly owns 1,639 shares in the company, valued at approximately $62,462.29. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

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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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