Mirae Asset Global Investments Co. Ltd. Has $729,000 Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Mirae Asset Global Investments Co. Ltd. boosted its position in Enterprise Financial Services Corp (NASDAQ:EFSC) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,338 shares of the bank’s stock after buying an additional 853 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Enterprise Financial Services were worth $729,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in Enterprise Financial Services in the third quarter valued at approximately $275,000. HGK Asset Management Inc. grew its stake in Enterprise Financial Services by 16.6% in the third quarter. HGK Asset Management Inc. now owns 11,466 shares of the bank’s stock valued at $430,000 after purchasing an additional 1,634 shares in the last quarter. Dakota Wealth Management bought a new position in Enterprise Financial Services in the third quarter valued at approximately $201,000. Bank of New York Mellon Corp grew its stake in Enterprise Financial Services by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 211,918 shares of the bank’s stock valued at $7,947,000 after purchasing an additional 5,394 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Enterprise Financial Services by 26.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,012 shares of the bank’s stock worth $300,000 after acquiring an additional 1,668 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Price Performance

Enterprise Financial Services stock opened at $39.13 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 0.92. Enterprise Financial Services Corp has a 52 week low of $32.97 and a 52 week high of $46.17. The stock has a market capitalization of $1.47 billion, a P/E ratio of 8.38 and a beta of 0.99. The stock has a fifty day moving average of $39.40 and a 200-day moving average of $40.04.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, January 22nd. The bank reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.02. Enterprise Financial Services had a return on equity of 11.50% and a net margin of 20.60%. The firm had revenue of $166.18 million for the quarter, compared to analyst estimates of $157.53 million. On average, sell-side analysts expect that Enterprise Financial Services Corp will post 4.47 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.26 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, June 14th. This represents a $1.04 annualized dividend and a dividend yield of 2.66%. Enterprise Financial Services’s dividend payout ratio is presently 21.41%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. DA Davidson reduced their price target on Enterprise Financial Services from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday. Keefe, Bruyette & Woods dropped their price objective on Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Piper Sandler dropped their price objective on Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.75.

About Enterprise Financial Services

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.