Principal Financial Group Inc. lowered its position in Enterprise Financial Services Corp (NASDAQ:EFSC – Free Report) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,360 shares of the bank’s stock after selling 2,015 shares during the period. Principal Financial Group Inc. owned approximately 0.77% of Enterprise Financial Services worth $11,275,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio grew its holdings in shares of Enterprise Financial Services by 48.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 723 shares of the bank’s stock worth $32,000 after acquiring an additional 237 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Enterprise Financial Services in the 4th quarter worth approximately $45,000. Tower Research Capital LLC TRC grew its holdings in shares of Enterprise Financial Services by 240.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,046 shares of the bank’s stock worth $47,000 after acquiring an additional 739 shares during the period. Dark Forest Capital Management LP grew its holdings in shares of Enterprise Financial Services by 92.8% in the 1st quarter. Dark Forest Capital Management LP now owns 1,049 shares of the bank’s stock worth $47,000 after acquiring an additional 505 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Enterprise Financial Services by 29.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,061 shares of the bank’s stock worth $52,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 71.35% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on EFSC shares. Piper Sandler lowered their target price on Enterprise Financial Services from $45.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, October 25th. Raymond James reiterated a “market perform” rating on shares of Enterprise Financial Services in a report on Wednesday, July 26th. Finally, StockNews.com upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st.
Enterprise Financial Services Trading Up 0.7 %
Shares of Enterprise Financial Services stock opened at $39.29 on Monday. Enterprise Financial Services Corp has a fifty-two week low of $32.97 and a fifty-two week high of $56.35. The firm has a market cap of $1.47 billion, a PE ratio of 7.14 and a beta of 1.04. The business’s fifty day moving average is $37.04 and its two-hundred day moving average is $39.30. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.22.
Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.07). Enterprise Financial Services had a return on equity of 13.84% and a net margin of 27.05%. The business had revenue of $212.99 million for the quarter, compared to analysts’ expectations of $153.59 million. During the same period in the prior year, the company earned $1.31 EPS. Analysts anticipate that Enterprise Financial Services Corp will post 5.1 earnings per share for the current year.
Enterprise Financial Services Dividend Announcement
The firm also recently declared 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Thursday, December 14th. Enterprise Financial Services’s dividend payout ratio 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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