Enterprise Financial Services Corporation (EFSC) Shares Sold by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC cut its holdings in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 18.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,871 shares of the bank’s stock after selling 8,087 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.15% of Enterprise Financial Services Corporation worth $1,423,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Enterprise Financial Services Corporation by 1.8% during the second quarter. Vanguard Group Inc. now owns 969,746 shares of the bank’s stock worth $39,565,000 after acquiring an additional 17,470 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Enterprise Financial Services Corporation by 5.9% during the first quarter. Dimensional Fund Advisors LP now owns 890,344 shares of the bank’s stock worth $37,751,000 after acquiring an additional 49,557 shares in the last quarter. Kennedy Capital Management Inc. increased its position in shares of Enterprise Financial Services Corporation by 36.5% during the second quarter. Kennedy Capital Management Inc. now owns 426,541 shares of the bank’s stock worth $17,403,000 after acquiring an additional 114,118 shares in the last quarter. Northern Trust Corp increased its position in shares of Enterprise Financial Services Corporation by 14.8% during the second quarter. Northern Trust Corp now owns 419,404 shares of the bank’s stock worth $17,112,000 after acquiring an additional 54,189 shares in the last quarter. Finally, State Street Corp increased its position in shares of Enterprise Financial Services Corporation by 5.1% during the first quarter. State Street Corp now owns 373,035 shares of the bank’s stock worth $15,817,000 after acquiring an additional 18,021 shares in the last quarter. 73.44% of the stock is owned by institutional investors.

In other Enterprise Financial Services Corporation news, insider Douglas Bauche sold 1,200 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were 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 directly 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.60% of the company’s stock.

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Several equities research analysts have recently commented on EFSC shares. Zacks Investment Research raised shares of Enterprise Financial Services Corporation from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Thursday, October 26th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Enterprise Financial Services Corporation in a research report on Friday, July 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $46.00 price objective on shares of Enterprise Financial Services Corporation in a research report on Tuesday, October 3rd. Finally, BidaskClub downgraded shares of Enterprise Financial Services Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th.

Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) opened at $42.75 on Tuesday. Enterprise Financial Services Corporation has a 52-week low of $36.40 and a 52-week high of $46.25. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $974.49, a PE ratio of 16.83, a price-to-earnings-growth ratio of 1.87 and a beta of 0.89.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, October 23rd. The bank reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.01. Enterprise Financial Services Corporation had a net margin of 24.73% and a return on equity of 11.15%. The business had revenue of $54.00 million during the quarter, compared to the consensus estimate of $54.11 million. equities analysts predict that Enterprise Financial Services Corporation will post 2.52 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, December 14th. Enterprise Financial Services Corporation’s payout ratio is 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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