The Enterprise Financial Services Corporation (EFSC) Stake Maintained by Spark Investment Management LLC

The Enterprise Financial Services Corporation (EFSC) Stake Maintained by Spark Investment Management LLC

Spark Investment Management LLC held its position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 13,500 shares of the company’s stock at the end of the third quarter. Spark Investment Management LLC owned about 0.07% of Enterprise Financial Services Corporation worth $421,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp raised its position in shares of Enterprise Financial Services Corporation by 1.8% in the third quarter. Northern Trust Corp now owns 212,549 shares of the company’s stock valued at $6,642,000 after buying an additional 3,687 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Enterprise Financial Services Corporation during the third quarter valued at $516,000. California State Teachers Retirement System raised its position in shares of Enterprise Financial Services Corporation by 1.0% in the third quarter. California State Teachers Retirement System now owns 40,649 shares of the company’s stock valued at $1,270,000 after buying an additional 400 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Enterprise Financial Services Corporation during the third quarter valued at $133,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Enterprise Financial Services Corporation during the third quarter valued at $619,000. Institutional investors and hedge funds own 70.06% of the company’s stock.

Enterprise Financial Services Corporation (NASDAQ:EFSC) traded up 0.13% during mid-day trading on Wednesday, reaching $39.10. 136,745 shares of the company were exchanged. Enterprise Financial Services Corporation has a 12 month low of $25.01 and a 12 month high of $43.65. The company has a market cap of $782.43 million, a P/E ratio of 17.31 and a beta of 0.72. The stock’s 50-day moving average is $40.96 and its 200-day moving average is $33.76.

Enterprise Financial Services Corporation (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, October 24th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. Enterprise Financial Services Corporation had a return on equity of 12.38% and a net margin of 26.76%. Equities analysts expect that Enterprise Financial Services Corporation will post $2.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, December 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.13%. Enterprise Financial Services Corporation’s dividend payout ratio is currently 19.47%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Enterprise Financial Services Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, December 28th. DA Davidson increased their price objective on shares of Enterprise Financial Services Corporation from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, October 12th.

In other Enterprise Financial Services Corporation news, Director James Murphy sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $38.50, for a total transaction of $385,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Scott Richard Goodman sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $40.30, for a total value of $80,600.00. Following the sale, the president now owns 36,125 shares of the company’s stock, valued at $1,455,837.50. The disclosure for this sale can be found here. 6.20% of the stock is owned by corporate insiders.

Enterprise Financial Services Corporation Company Profile

Enterprise Financial Services Corp is a financial holding company. The Company is the 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.

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 Corporation (NASDAQ:EFSC).

Related posts

Leave a Comment