Prudential Financial Inc. lowered its position in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 10.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 305,895 shares of the bank’s stock after selling 34,850 shares during the quarter. Prudential Financial Inc. owned 1.30% of Enterprise Financial Services Corporation worth $12,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC bought a new position in shares of Enterprise Financial Services Corporation during the 3rd quarter worth approximately $203,000. Legal & General Group Plc lifted its holdings in shares of Enterprise Financial Services Corporation by 4.5% in the 1st quarter. Legal & General Group Plc now owns 5,090 shares of the bank’s stock worth $215,000 after purchasing an additional 219 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Enterprise Financial Services Corporation by 272.4% in the 2nd quarter. Citigroup Inc. now owns 5,556 shares of the bank’s stock worth $227,000 after purchasing an additional 4,064 shares in the last quarter. Brookstone Capital Management bought a new position in shares of Enterprise Financial Services Corporation in the 2nd quarter worth $228,000. Finally, Laurion Capital Management LP bought a new position in shares of Enterprise Financial Services Corporation in the 2nd quarter worth $319,000. 73.89% of the stock is owned by institutional investors.

In related news, insider Douglas Bauche sold 1,200 shares of Enterprise Financial Services Corporation stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $38.11, for a total value of $45,732.00. Following the completion of the sale, the insider now owns 1,639 shares of the company’s stock, valued at approximately $62,462.29. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 5.60% of the company’s stock.

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Several equities analysts have weighed in on the company. Piper Jaffray Companies restated a “buy” rating and set a $48.00 price objective on shares of Enterprise Financial Services Corporation in a research note on Friday, July 28th. BidaskClub cut Enterprise Financial Services Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded Enterprise Financial Services Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $46.00 price objective on shares of Enterprise Financial Services Corporation in a research note on Tuesday, October 3rd.

Shares of Enterprise Financial Services Corporation (NASDAQ EFSC) opened at $43.50 on Tuesday. Enterprise Financial Services Corporation has a 12-month low of $36.65 and a 12-month high of $46.25. The stock has a market capitalization of $997.55, a price-to-earnings ratio of 17.23, a PEG ratio of 1.91 and a beta of 0.89. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.03 and a current ratio of 1.03.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, December 14th. Enterprise Financial Services Corporation’s dividend payout ratio (DPR) is currently 18.18%.

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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