Great West Life Assurance Co. Can Buys 2,531 Shares of Enterprise Financial Services Corp (EFSC)
Great West Life Assurance Co. Can increased its stake in Enterprise Financial Services Corp (NASDAQ:EFSC) by 281.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,431 shares of the bank’s stock after buying an additional 2,531 shares during the period. Great West Life Assurance Co. Can’s holdings in Enterprise Financial Services were worth $145,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of EFSC. BNP Paribas Arbitrage SA grew its stake in shares of Enterprise Financial Services by 89.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,385 shares of the bank’s stock worth $186,000 after buying an additional 2,075 shares during the last quarter. Moloney Securities Asset Management LLC purchased a new stake in Enterprise Financial Services during the 3rd quarter valued at $203,000. Legal & General Group Plc boosted its stake in Enterprise Financial Services by 6.9% during the 2nd quarter. Legal & General Group Plc now owns 5,439 shares of the bank’s stock valued at $222,000 after purchasing an additional 349 shares during the last quarter. Citigroup Inc. boosted its stake in Enterprise Financial Services by 272.4% during the 2nd quarter. Citigroup Inc. now owns 5,556 shares of the bank’s stock valued at $227,000 after purchasing an additional 4,064 shares during the last quarter. Finally, Brookstone Capital Management purchased a new stake in Enterprise Financial Services during the 2nd quarter valued at $228,000. Institutional investors own 74.42% of the company’s stock.
Several brokerages have commented on EFSC. Zacks Investment Research downgraded Enterprise Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine downgraded Enterprise Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Piper Jaffray Companies reiterated an “overweight” rating and set a $49.00 target price on shares of Enterprise Financial Services in a research note on Friday, October 6th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $46.00 target price on shares of Enterprise Financial Services in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.33.
Shares of Enterprise Financial Services Corp (NASDAQ:EFSC) opened at $45.50 on Wednesday. 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 Corp has a 52 week low of $36.65 and a 52 week high of $46.25. The company has a market capitalization of $1,041.38, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 1.99 and a beta of 0.88.
Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, October 23rd. The bank reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Enterprise Financial Services had a return on equity of 11.15% and a net margin of 24.73%. The business had revenue of $54.00 million for the quarter, compared to the consensus estimate of $54.11 million. equities research analysts anticipate that Enterprise Financial Services Corp will post 2.52 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.44 annualized dividend and a dividend yield of 0.97%. Enterprise Financial Services’s payout ratio is 18.18%.
In other news, President Scott Richard Goodman sold 3,700 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $45.85, for a total transaction of $169,645.00. Following the transaction, the president now directly owns 38,269 shares of the company’s stock, valued at approximately $1,754,633.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Douglas Bauche sold 960 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $44.10, for a total value of $42,336.00. Following the transaction, the insider now directly owns 679 shares in the company, valued at $29,943.90. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.
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Enterprise Financial Services 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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