ClariVest Asset Management LLC lifted its holdings in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 248,124 shares of the bank’s stock after acquiring an additional 7,331 shares during the period. ClariVest Asset Management LLC owned approximately 1.08% of Enterprise Financial Services Corporation worth $10,507,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Enterprise Financial Services Corporation during the third quarter worth about $229,000. Russell Investments Group Ltd. boosted its holdings in Enterprise Financial Services Corporation by 47.9% during the third quarter. Russell Investments Group Ltd. now owns 80,175 shares of the bank’s stock worth $3,395,000 after purchasing an additional 25,964 shares during the last quarter. Comerica Bank boosted its holdings in Enterprise Financial Services Corporation by 46.2% during the third quarter. Comerica Bank now owns 29,596 shares of the bank’s stock worth $1,286,000 after purchasing an additional 9,350 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Enterprise Financial Services Corporation by 89.8% during the third quarter. BNP Paribas Arbitrage SA now owns 4,385 shares of the bank’s stock worth $186,000 after purchasing an additional 2,075 shares during the last quarter. Finally, IndexIQ Advisors LLC boosted its holdings in Enterprise Financial Services Corporation by 83.3% during the third quarter. IndexIQ Advisors LLC now owns 20,440 shares of the bank’s stock worth $866,000 after purchasing an additional 9,288 shares during the last quarter. 73.44% of the stock is owned by institutional investors.

Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) traded up $0.25 during mid-day trading on Friday, hitting $43.25. 27,768 shares of the company were exchanged, compared to its average volume of 115,504. The stock has a market cap of $991.79, a PE ratio of 17.09, a P/E/G ratio of 1.89 and a beta of 0.89. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.05. Enterprise Financial Services Corporation has a 12 month low of $36.65 and a 12 month high of $46.25.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last announced its quarterly earnings results on Monday, October 23rd. The bank reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.01. The company had revenue of $54.00 million for the quarter, compared to analysts’ expectations of $54.11 million. Enterprise Financial Services Corporation had a net margin of 24.73% and a return on equity of 11.15%. sell-side analysts anticipate that Enterprise Financial Services Corporation will post 2.52 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, December 14th. Enterprise Financial Services Corporation’s dividend payout ratio (DPR) is presently 18.18%.

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A number of research analysts have weighed in on EFSC shares. BidaskClub cut shares of Enterprise Financial Services Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Zacks Investment Research cut shares of Enterprise Financial Services Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Piper Jaffray Companies reiterated a “buy” rating and issued a $48.00 target price on shares of Enterprise Financial Services Corporation in a research note on Friday, July 28th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $46.00 target price on shares of Enterprise Financial Services Corporation in a research note on Tuesday, October 3rd.

In related 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 sale, the insider now owns 1,639 shares of the company’s stock, valued at approximately $62,462.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

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.

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

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