Bridgeway Capital Management Inc. Takes Position in Enterprise Financial Services Corp (EFSC)
Bridgeway Capital Management Inc. bought a new position in Enterprise Financial Services Corp (NASDAQ:EFSC) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 18,300 shares of the bank’s stock, valued at approximately $971,000. Bridgeway Capital Management Inc. owned 0.08% of Enterprise Financial Services as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. acquired a new stake in Enterprise Financial Services in the third quarter worth $133,000. Brand Asset Management Group Inc. acquired a new stake in Enterprise Financial Services in the second quarter worth $134,000. UBS Group AG raised its holdings in Enterprise Financial Services by 94.2% in the first quarter. UBS Group AG now owns 4,099 shares of the bank’s stock worth $192,000 after purchasing an additional 1,988 shares during the period. Tower Research Capital LLC TRC raised its holdings in Enterprise Financial Services by 496.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,666 shares of the bank’s stock worth $198,000 after purchasing an additional 3,051 shares during the period. Finally, Connable Office Inc. acquired a new stake in Enterprise Financial Services in the third quarter worth $208,000. Institutional investors own 76.92% of the company’s stock.
In other Enterprise Financial Services news, Director John S. Eulich acquired 10,000 shares of the company’s stock in a transaction on Friday, November 9th. The stock was acquired at an average price of $45.84 per share, for a total transaction of $458,400.00. Following the purchase, the director now directly owns 1,908 shares of the company’s stock, valued at $87,462.72. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Q. Arnold acquired 1,000 shares of the company’s stock in a transaction on Monday, November 19th. The stock was acquired at an average price of $45.59 per share, with a total value of $45,590.00. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.
Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Monday, October 22nd. The bank reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The company had revenue of $56.50 million during the quarter, compared to analysts’ expectations of $57.95 million. Enterprise Financial Services had a net margin of 27.39% and a return on equity of 13.72%. As a group, equities research analysts expect that Enterprise Financial Services Corp will post 3.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, December 13th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.12. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 18.60%.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Enterprise Financial Services from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Thursday, October 25th. BidaskClub lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Friday, November 30th. ValuEngine lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Keefe, Bruyette & Woods upgraded shares of Enterprise Financial Services from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $57.00 to $60.00 in a report on Monday, November 5th. Finally, Piper Jaffray Companies set a $52.00 price objective on shares of Enterprise Financial Services and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Enterprise Financial Services presently has an average rating of “Hold” and a consensus price target of $54.50.
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Enterprise Financial Services Company Profile
Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. The company offers demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.
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