Bank of America Corp DE trimmed its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 26.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 10,445 shares of the bank’s stock after selling 3,718 shares during the period. Bank of America Corp DE’s holdings in Enterprise Financial Services were worth $563,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EFSC. Vaughan Nelson Investment Management L.P. acquired a new position in Enterprise Financial Services during the second quarter valued at $50,905,000. BlackRock Inc. increased its position in Enterprise Financial Services by 13.5% in the 2nd quarter. BlackRock Inc. now owns 1,589,318 shares of the bank’s stock worth $85,743,000 after purchasing an additional 188,889 shares during the last quarter. Allianz Asset Management GmbH increased its position in Enterprise Financial Services by 224.9% in the 1st quarter. Allianz Asset Management GmbH now owns 109,533 shares of the bank’s stock worth $5,137,000 after purchasing an additional 75,820 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new position in Enterprise Financial Services in the 2nd quarter worth about $1,376,000. Finally, United Services Automobile Association increased its position in Enterprise Financial Services by 64.6% in the 2nd quarter. United Services Automobile Association now owns 96,541 shares of the bank’s stock worth $5,208,000 after purchasing an additional 37,900 shares during the last quarter. 78.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of EFSC stock opened at $44.10 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.16. Enterprise Financial Services Corp has a fifty-two week low of $40.47 and a fifty-two week high of $58.15. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 1.43 and a beta of 0.98.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, October 22nd. The bank reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. Enterprise Financial Services had a return on equity of 13.72% and a net margin of 27.39%. The company had revenue of $56.50 million for the quarter, compared to analyst estimates of $57.95 million. Equities research analysts expect that Enterprise Financial Services Corp will post 3.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a dividend of $0.13 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.18%. Enterprise Financial Services’s dividend payout ratio is currently 18.60%.

Several research analysts have weighed in on the company. ValuEngine raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. BidaskClub raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. Keefe, Bruyette & Woods raised Enterprise Financial Services from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $57.00 to $60.00 in a research report on Monday, November 5th. Zacks Investment Research lowered Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, FIG Partners raised Enterprise Financial Services from a “market perform” rating to an “outperform” rating in a research report on Monday, October 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $54.50.

In related news, Director John Q. Arnold acquired 1,000 shares of the stock in a transaction dated Monday, November 19th. The shares were acquired at an average price of $45.59 per share, with a total value of $45,590.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John S. Eulich acquired 10,000 shares of the stock in a transaction dated Friday, November 9th. The shares were bought at an average cost of $45.84 per share, for a total transaction of $458,400.00. Following the acquisition, the director now owns 1,908 shares in the company, valued at approximately $87,462.72. The disclosure for this purchase can be found here. Corporate insiders own 2.60% of the company’s stock.

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About Enterprise Financial Services

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. The company offers demand deposits, interest-bearing transaction accounts, money market accounts, and savings deposits, as well as certificates of deposit.

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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 Corp (NASDAQ:EFSC).

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

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