Vanguard Group Inc. boosted its stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 10.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 952,276 shares of the bank’s stock after buying an additional 89,165 shares during the period. Vanguard Group Inc.’s holdings in Enterprise Financial Services Corporation were worth $40,376,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in EFSC. Prudential Financial Inc. boosted its position in Enterprise Financial Services Corporation by 42.7% in the first quarter. Prudential Financial Inc. now owns 321,885 shares of the bank’s stock valued at $13,648,000 after buying an additional 96,310 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Enterprise Financial Services Corporation by 76.6% in the first quarter. JPMorgan Chase & Co. now owns 247,368 shares of the bank’s stock valued at $10,488,000 after buying an additional 107,261 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Enterprise Financial Services Corporation by 72.6% in the first quarter. Bank of New York Mellon Corp now owns 198,611 shares of the bank’s stock valued at $8,421,000 after buying an additional 83,562 shares during the last quarter. ClariVest Asset Management LLC boosted its position in Enterprise Financial Services Corporation by 18.0% in the first quarter. ClariVest Asset Management LLC now owns 198,393 shares of the bank’s stock valued at $8,411,000 after buying an additional 30,327 shares during the last quarter. Finally, Commerce Bank boosted its position in Enterprise Financial Services Corporation by 72.2% in the first quarter. Commerce Bank now owns 161,321 shares of the bank’s stock valued at $6,840,000 after buying an additional 67,631 shares during the last quarter. 68.98% of the stock is currently owned by hedge funds and other institutional investors.

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

Enterprise Financial Services Corporation (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, July 24th. The bank reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.06. The company had revenue of $53.57 million for the quarter, compared to analysts’ expectations of $51.91 million. Enterprise Financial Services Corporation had a return on equity of 11.18% and a net margin of 24.54%. Equities analysts predict 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 given a dividend of $0.11 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.16%. Enterprise Financial Services Corporation’s payout ratio is currently 18.97%.

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EFSC has been the topic of several research analyst reports. Zacks Investment Research cut Enterprise Financial Services Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. BidaskClub cut Enterprise Financial Services Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $45.00 price target on shares of Enterprise Financial Services Corporation in a report on Friday, June 2nd. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $50.00 price target on shares of Enterprise Financial Services Corporation in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Enterprise Financial Services Corporation presently has a consensus rating of “Hold” and an average 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.

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

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