Allspring Global Investments Holdings LLC cut its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC – Free Report) by 34.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,220 shares of the bank’s stock after selling 1,718 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Enterprise Financial Services were worth $126,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in EFSC. Arizona State Retirement System lifted its stake in Enterprise Financial Services by 2.7% during the first quarter. Arizona State Retirement System now owns 10,246 shares of the bank’s stock worth $457,000 after purchasing an additional 269 shares in the last quarter. Ziegler Capital Management LLC lifted its stake in Enterprise Financial Services by 37.0% during the first quarter. Ziegler Capital Management LLC now owns 151,991 shares of the bank’s stock worth $6,777,000 after purchasing an additional 41,060 shares in the last quarter. Jag Capital Management LLC lifted its stake in Enterprise Financial Services by 13.6% during the first quarter. Jag Capital Management LLC now owns 14,420 shares of the bank’s stock worth $643,000 after purchasing an additional 1,728 shares in the last quarter. Aptus Capital Advisors LLC lifted its stake in Enterprise Financial Services by 13.3% during the first quarter. Aptus Capital Advisors LLC now owns 81,959 shares of the bank’s stock worth $3,655,000 after purchasing an additional 9,618 shares in the last quarter. Finally, PL Capital Advisors LLC lifted its stake in Enterprise Financial Services by 0.9% during the first quarter. PL Capital Advisors LLC now owns 787,829 shares of the bank’s stock worth $35,129,000 after purchasing an additional 7,000 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have commented on EFSC shares. Raymond James restated a “market perform” rating on shares of Enterprise Financial Services in a research note on Wednesday, July 26th. StockNews.com upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Piper Sandler reduced their price objective on Enterprise Financial Services from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 25th.
Enterprise Financial Services Stock Up 7.6 %
Shares of NASDAQ EFSC opened at $39.22 on Wednesday. The stock has a market cap of $1.47 billion, a P/E ratio of 7.13 and a beta of 1.04. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.22. Enterprise Financial Services Corp has a 12-month low of $32.97 and a 12-month high of $56.35. The business’s fifty day simple moving average is $37.00 and its 200-day simple moving average is $39.32.
Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.07). The company had revenue of $212.99 million during the quarter, compared to analyst estimates of $153.59 million. Enterprise Financial Services had a net margin of 27.05% and a return on equity of 13.84%. During the same quarter in the previous year, the business posted $1.31 earnings per share. As a group, equities analysts predict that Enterprise Financial Services Corp will post 5.1 EPS for the current fiscal year.
Enterprise Financial Services Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued 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, December 14th. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 18.18%.
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. 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.
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