MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $1.19 Million Holdings in Enterprise Financial Services Corp (NASDAQ:EFSC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 3.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 21,064 shares of the bank’s stock after purchasing an additional 797 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Enterprise Financial Services worth $1,188,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EFSC. New York State Teachers Retirement System purchased a new stake in shares of Enterprise Financial Services in the fourth quarter valued at $191,000. Crestline Management LP purchased a new stake in Enterprise Financial Services in the 4th quarter worth about $203,000. Captrust Financial Advisors purchased a new stake in Enterprise Financial Services in the 4th quarter worth about $204,000. HighTower Advisors LLC acquired a new stake in Enterprise Financial Services during the 4th quarter worth about $212,000. Finally, Summit Investment Advisors Inc. grew its stake in Enterprise Financial Services by 7.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,873 shares of the bank’s stock valued at $218,000 after acquiring an additional 265 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on EFSC shares. DA Davidson decreased their price target on shares of Enterprise Financial Services from $70.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Keefe, Bruyette & Woods decreased their target price on shares of Enterprise Financial Services from $69.00 to $66.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th.

Insider Buying and Selling

In related news, CEO James Brian Lally sold 4,689 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $55.18, for a total value of $258,739.02. Following the transaction, the chief executive officer now directly owns 106,974 shares of the company’s stock, valued at approximately $5,902,825.32. This trade represents a 4.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James M. Havel sold 5,525 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $58.47, for a total transaction of $323,046.75. Following the completion of the sale, the director now owns 15,447 shares of the company’s stock, valued at $903,186.09. The trade was a 26.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,614 shares of company stock worth $603,790. Corporate insiders own 2.30% of the company’s stock.

Enterprise Financial Services Stock Down 0.2%

EFSC opened at $52.58 on Monday. Enterprise Financial Services Corp has a fifty-two week low of $37.28 and a fifty-two week high of $63.13. The business has a 50-day moving average of $51.95 and a 200-day moving average of $56.09. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $1.94 billion, a PE ratio of 10.86 and a beta of 0.85.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, April 28th. The bank reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.14. The firm had revenue of $18.48 million for the quarter, compared to analyst estimates of $162.83 million. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. Equities research analysts forecast that Enterprise Financial Services Corp will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.28%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.29. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 23.53%.

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 primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.