Barclays PLC Acquires 18,448 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Barclays PLC raised its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 35.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,714 shares of the bank’s stock after purchasing an additional 18,448 shares during the period. Barclays PLC’s holdings in Enterprise Financial Services were worth $2,765,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EFSC. Moneta Group Investment Advisors LLC raised its position in shares of Enterprise Financial Services by 111,650.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 93,278,472 shares of the bank’s stock worth $4,566,914,000 after acquiring an additional 93,195,002 shares in the last quarter. BlackRock Inc. raised its position in shares of Enterprise Financial Services by 20.7% in the 1st quarter. BlackRock Inc. now owns 3,078,275 shares of the bank’s stock worth $137,260,000 after acquiring an additional 527,244 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Enterprise Financial Services by 76.9% in the 1st quarter. JPMorgan Chase & Co. now owns 471,938 shares of the bank’s stock worth $21,043,000 after acquiring an additional 205,229 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Enterprise Financial Services by 216.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 223,548 shares of the bank’s stock worth $9,277,000 after acquiring an additional 152,937 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new position in shares of Enterprise Financial Services in the 1st quarter worth approximately $6,037,000. Institutional investors own 71.35% of the company’s stock.

Enterprise Financial Services Stock Up 0.2 %

EFSC stock opened at $36.21 on Monday. Enterprise Financial Services Corp has a twelve month low of $32.97 and a twelve month high of $56.35. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.22. The firm has a market cap of $1.35 billion, a PE ratio of 6.58 and a beta of 1.04. The business has a 50 day moving average of $37.07 and a 200 day moving average of $39.39.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Tuesday, October 24th. The bank reported $1.17 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.07). Enterprise Financial Services had a net margin of 27.05% and a return on equity of 13.84%. The business had revenue of $212.99 million for the quarter, compared to analysts’ expectations of $153.59 million. During the same quarter in the prior year, the business posted $1.31 earnings per share. On average, research analysts forecast that Enterprise Financial Services Corp will post 5.1 EPS for the current fiscal year.

Enterprise Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.00 annualized dividend and a yield of 2.76%. Enterprise Financial Services’s dividend payout ratio is 18.18%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Piper Sandler decreased their target price on Enterprise Financial Services from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. Raymond James reaffirmed a “market perform” rating on shares of Enterprise Financial Services in a research report on Wednesday, July 26th. Finally, StockNews.com raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st.

Enterprise Financial Services 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. It offers checking, savings, and money market accounts, and certificates of deposit. The company also provides commercial and industrial, commercial real estate, construction and land development, residential real estate, agricultural, and consumer loans.