Citigroup Inc. lowered its position in Enterprise Financial Services Corp (NASDAQ:EFSC – Free Report) by 49.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,912 shares of the bank’s stock after selling 18,585 shares during the period. Citigroup Inc. owned approximately 0.05% of Enterprise Financial Services worth $709,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in Enterprise Financial Services by 48.8% in the third quarter. Public Employees Retirement System of Ohio now owns 723 shares of the bank’s stock valued at $32,000 after buying an additional 237 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Enterprise Financial Services by 29.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,061 shares of the bank’s stock valued at $52,000 after acquiring an additional 243 shares during the period. Jane Street Group LLC lifted its holdings in Enterprise Financial Services by 3.5% in the third quarter. Jane Street Group LLC now owns 7,269 shares of the bank’s stock valued at $320,000 after acquiring an additional 249 shares during the period. Bank of Montreal Can lifted its holdings in Enterprise Financial Services by 5.0% in the second quarter. Bank of Montreal Can now owns 5,513 shares of the bank’s stock valued at $237,000 after acquiring an additional 265 shares during the period. Finally, Buckingham Strategic Wealth LLC lifted its holdings in Enterprise Financial Services by 3.5% in the second quarter. Buckingham Strategic Wealth LLC now owns 7,903 shares of the bank’s stock valued at $309,000 after acquiring an additional 266 shares during the period. Hedge funds and other institutional investors own 71.35% of the company’s stock.
Enterprise Financial Services Trading Up 2.2 %
Shares of EFSC stock opened at $39.22 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 7.72 and a beta of 0.98. The stock has a 50 day simple moving average of $40.69 and a 200-day simple moving average of $39.85. Enterprise Financial Services Corp has a 1-year low of $32.97 and a 1-year high of $49.98.
Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $1.21 EPS for the quarter, beating the consensus estimate of $1.19 by $0.02. Enterprise Financial Services had a return on equity of 12.54% and a net margin of 23.28%. The firm had revenue of $166.18 million during the quarter, compared to the consensus estimate of $157.53 million. On average, equities research analysts expect that Enterprise Financial Services Corp will post 4.49 EPS for the current fiscal year.
Enterprise Financial Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, March 14th. Enterprise Financial Services’s dividend payout ratio is currently 19.69%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on EFSC shares. Keefe, Bruyette & Woods decreased their price target on Enterprise Financial Services from $53.00 to $51.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Piper Sandler decreased their price target on Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th.
Get Our Latest Analysis on EFSC
Enterprise Financial Services Company Profile
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 primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.
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