ClariVest Asset Management LLC boosted its position in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 21.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 240,793 shares of the bank’s stock after buying an additional 42,400 shares during the period. ClariVest Asset Management LLC’s holdings in Enterprise Financial Services Corporation were worth $9,824,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. AlphaOne Investment Services LLC boosted its position in Enterprise Financial Services Corporation by 1.6% in the first quarter. AlphaOne Investment Services LLC now owns 138,634 shares of the bank’s stock worth $5,878,000 after buying an additional 2,142 shares in the last quarter. UBS Group AG boosted its position in Enterprise Financial Services Corporation by 299.9% in the first quarter. UBS Group AG now owns 25,265 shares of the bank’s stock worth $1,072,000 after buying an additional 18,947 shares in the last quarter. Bank of Montreal Can boosted its position in Enterprise Financial Services Corporation by 10.3% in the first quarter. Bank of Montreal Can now owns 65,645 shares of the bank’s stock worth $2,783,000 after buying an additional 6,145 shares in the last quarter. Anderson Hoagland & Co. purchased a new position in Enterprise Financial Services Corporation during the second quarter worth approximately $2,672,000. Finally, Teachers Advisors LLC boosted its position in Enterprise Financial Services Corporation by 2.0% in the fourth quarter. Teachers Advisors LLC now owns 33,505 shares of the bank’s stock worth $1,441,000 after buying an additional 645 shares in the last quarter. 68.98% of the stock is owned by hedge funds and other institutional investors.

Shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) opened at 37.95 on Friday. Enterprise Financial Services Corporation has a one year low of $29.26 and a one year high of $46.25. The company’s 50-day moving average is $40.22 and its 200-day moving average is $41.79. The company 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 (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, July 24th. The bank reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.06. Enterprise Financial Services Corporation had a net margin of 24.54% and a return on equity of 11.18%. The business had revenue of $53.57 million during the quarter, compared to analysts’ expectations of $51.91 million. On average, equities analysts predict that Enterprise Financial Services Corporation will post $2.52 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Thursday, September 14th. Enterprise Financial Services Corporation’s payout ratio is 18.97%.

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A number of equities research analysts recently weighed in on EFSC shares. Zacks Investment Research lowered shares of Enterprise Financial Services Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $45.00 price objective on shares of Enterprise Financial Services Corporation in a report on Friday, June 2nd. BidaskClub lowered shares of Enterprise Financial Services Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $48.00 price objective on shares of Enterprise Financial Services Corporation in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Enterprise Financial Services Corporation has an average 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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