Enterprise Financial Services Corporation (EFSC) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its position in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 31.7% during the first quarter, Holdings Channel reports. The fund owned 40,062 shares of the bank’s stock after selling 18,607 shares during the period. Bank of America Corp DE’s holdings in Enterprise Financial Services Corporation were worth $1,699,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE purchased a new position in Enterprise Financial Services Corporation during the first quarter worth about $171,000. Quantitative Systematic Strategies LLC purchased a new position in Enterprise Financial Services Corporation during the first quarter worth about $201,000. Legal & General Group Plc raised its position in Enterprise Financial Services Corporation by 4.5% in the first quarter. Legal & General Group Plc now owns 5,090 shares of the bank’s stock worth $215,000 after buying an additional 219 shares during the last quarter. Stevens Capital Management LP purchased a new position in Enterprise Financial Services Corporation during the first quarter worth about $332,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Enterprise Financial Services Corporation during the first quarter worth about $335,000. 69.15% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Financial Services Corporation (EFSC) traded up 0.13% during trading on Tuesday, hitting $38.75. The company had a trading volume of 14,342 shares. The firm has a 50-day moving average of $40.19 and a 200 day moving average of $41.77. Enterprise Financial Services Corporation has a 12-month low of $29.26 and a 12-month high of $46.25. The company has a market capitalization of $909.15 million, a price-to-earnings ratio of 16.86 and a beta of 0.85.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last released its quarterly earnings data on Monday, July 24th. The bank reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by $0.06. The company had revenue of $53.57 million during the quarter, compared to the consensus estimate of $51.91 million. Enterprise Financial Services Corporation had a net margin of 24.54% and a return on equity of 11.18%. On average, equities research analysts forecast that Enterprise Financial Services Corporation will post $2.52 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.11 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.14%. Enterprise Financial Services Corporation’s dividend payout ratio is presently 18.97%.

TRADEMARK VIOLATION NOTICE: “Enterprise Financial Services Corporation (EFSC) Shares Sold by Bank of America Corp DE” was first published by Transcript Daily and is owned by of Transcript Daily. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://transcriptdaily.com/2017/08/15/enterprise-financial-services-corporation-efsc-shares-sold-by-bank-of-america-corp-de.html.

A number of research firms recently issued reports on EFSC. BidaskClub lowered Enterprise Financial Services Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $48.00 target price on shares of Enterprise Financial Services Corporation in a report on Friday, July 28th. Zacks Investment Research raised Enterprise Financial Services Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Thursday, June 8th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $45.00 price target on shares of Enterprise Financial Services Corporation in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $43.00.

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.

Want to see what other hedge funds are holding EFSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Financial Services Corporation (NASDAQ:EFSC).

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

Receive News & Ratings for Enterprise Financial Services Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Financial Services Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply