Peregrine Capital Management LLC Takes Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Peregrine Capital Management LLC acquired a new stake in Enterprise Financial Services Corp (NASDAQ:EFSC) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 197,498 shares of the bank’s stock, valued at approximately $8,216,000. Peregrine Capital Management LLC owned approximately 0.73% of Enterprise Financial Services as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB boosted its stake in shares of Enterprise Financial Services by 3.3% in the 1st quarter. Nordea Investment Management AB now owns 112,800 shares of the bank’s stock valued at $4,599,000 after purchasing an additional 3,600 shares in the last quarter. Marshall Wace North America L.P. raised its holdings in Enterprise Financial Services by 203.6% during the 1st quarter. Marshall Wace North America L.P. now owns 68,577 shares of the bank’s stock valued at $2,796,000 after buying an additional 45,986 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Enterprise Financial Services by 6.7% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,058,150 shares of the bank’s stock valued at $43,141,000 after buying an additional 66,825 shares during the last quarter. Sawtooth Solutions LLC bought a new stake in Enterprise Financial Services during the 1st quarter valued at $227,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Enterprise Financial Services by 785.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,509 shares of the bank’s stock valued at $184,000 after buying an additional 4,000 shares during the last quarter. 71.52% of the stock is owned by institutional investors.

NASDAQ:EFSC traded down $0.40 during midday trading on Thursday, reaching $41.28. 2,788 shares of the stock traded hands, compared to its average volume of 85,431. The business has a fifty day moving average of $40.98. Enterprise Financial Services Corp has a 12 month low of $36.09 and a 12 month high of $58.00. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $1.13 billion, a PE ratio of 11.52, a P/E/G ratio of 1.18 and a beta of 1.14.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.05. Enterprise Financial Services had a net margin of 25.85% and a return on equity of 13.19%. The business had revenue of $73.68 million during the quarter, compared to analyst estimates of $72.27 million. As a group, analysts forecast that Enterprise Financial Services Corp will post 3.94 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 1.55%. Enterprise Financial Services’s dividend payout ratio is 16.62%.

A number of equities research analysts recently commented on EFSC shares. Zacks Investment Research lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, July 25th. BidaskClub lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Enterprise Financial Services has an average rating of “Hold” and a consensus price target of $53.33.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the financial 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.

See Also: Book Value Per Share – BVPS

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

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