Legal & General Group Plc raised its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 4.5% during the first quarter, Holdings Channel reports. The fund owned 5,090 shares of the bank’s stock after buying an additional 219 shares during the period. Legal & General Group Plc’s holdings in Enterprise Financial Services Corporation were worth $215,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE acquired a new position in Enterprise Financial Services Corporation during the first quarter valued at about $171,000. Quantitative Systematic Strategies LLC acquired a new position in Enterprise Financial Services Corporation during the first quarter valued at about $201,000. Stevens Capital Management LP acquired a new position in Enterprise Financial Services Corporation during the first quarter valued at about $332,000. Dynamic Technology Lab Private Ltd acquired a new position in Enterprise Financial Services Corporation during the first quarter valued at about $335,000. Finally, Oxford Asset Management acquired a new position in Enterprise Financial Services Corporation during the first quarter valued at about $342,000. Hedge funds and other institutional investors own 68.98% of the company’s stock.

Shares of Enterprise Financial Services Corporation (NASDAQ EFSC) traded down 1.30% on Friday, hitting $37.95. The stock had a trading volume of 217,413 shares. The firm has a market cap of $890.38 million, a P/E ratio of 16.51 and a beta of 0.85. The company’s 50-day moving average price is $40.22 and its 200 day moving average price is $41.79. Enterprise Financial Services Corporation has a 12-month low of $29.26 and a 12-month high of $46.25.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, September 14th. Enterprise Financial Services Corporation’s dividend payout ratio (DPR) is presently 18.97%.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/08/12/enterprise-financial-services-corporation-nasdaqefsc-shares-bought-by-legal-general-group-plc.html.

Several research analysts have issued reports on the company. BidaskClub cut Enterprise Financial Services Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Piper Jaffray Companies reiterated 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. Zacks Investment Research upgraded Enterprise Financial Services Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Thursday, June 8th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $45.00 price objective on shares of Enterprise Financial Services Corporation in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Enterprise Financial Services Corporation has an average rating of “Hold” and an average price target of $43.00.

Enterprise Financial Services Corporation Company 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.

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.