AlphaOne Investment Services LLC raised its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 7.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,342 shares of the bank’s stock after acquiring an additional 9,708 shares during the quarter. Enterprise Financial Services Corporation comprises approximately 1.6% of AlphaOne Investment Services LLC’s investment portfolio, making the stock its 9th biggest holding. AlphaOne Investment Services LLC owned approximately 0.63% of Enterprise Financial Services Corporation worth $6,052,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. US Bancorp DE acquired a new stake in shares of Enterprise Financial Services Corporation during the 1st quarter worth approximately $171,000. Legal & General Group Plc grew its position in shares of Enterprise Financial Services Corporation by 4.5% during the 1st 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 period. Citigroup Inc. grew its position in shares of Enterprise Financial Services Corporation by 272.4% during the 2nd quarter. Citigroup Inc. now owns 5,556 shares of the bank’s stock worth $227,000 after buying an additional 4,064 shares during the period. Brookstone Capital Management acquired a new stake in shares of Enterprise Financial Services Corporation during the 2nd quarter worth approximately $228,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Enterprise Financial Services Corporation during the 2nd quarter worth approximately $319,000. Hedge funds and other institutional investors own 72.86% of the company’s stock.

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Shares of Enterprise Financial Services Corporation (EFSC) traded up 0.75% during midday trading on Wednesday, hitting $40.35. 32,302 shares of the stock traded hands. The company has a market capitalization of $946.69 million, a price-to-earnings ratio of 17.56 and a beta of 0.87. Enterprise Financial Services Corporation has a 52 week low of $30.69 and a 52 week high of $46.25. The firm’s 50-day moving average is $38.59 and its 200 day moving average is $40.82.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last issued its quarterly earnings data 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 business 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%. Equities analysts forecast that Enterprise Financial Services Corporation will post $2.52 earnings per share for the current year.

The firm 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 1.10%. Enterprise Financial Services Corporation’s dividend payout ratio (DPR) is presently 18.97%.

In other Enterprise Financial Services Corporation news, Director Michael Holmes acquired 2,556 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average price of $38.74 per share, for a total transaction of $99,019.44. Following the acquisition, the director now directly owns 2,716 shares in the company, valued at $105,217.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas Bauche sold 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $38.11, for a total transaction of $45,732.00. Following the completion of the transaction, the insider now owns 1,639 shares of the company’s stock, valued at approximately $62,462.29. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Several brokerages have recently commented on EFSC. Zacks Investment Research cut shares of Enterprise Financial Services Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. BidaskClub upgraded shares of Enterprise Financial Services Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Piper Jaffray Companies reiterated a “buy” rating and set a $48.00 price target on shares of Enterprise Financial Services Corporation in a research report on Friday, July 28th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set 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 issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $43.00.

Enterprise Financial Services Corporation 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.

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

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