Enterprise Financial Services Corp (NASDAQ:EFSC) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in Enterprise Financial Services Corp (NASDAQ:EFSC) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,010 shares of the bank’s stock after buying an additional 324 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Enterprise Financial Services were worth $179,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in shares of Enterprise Financial Services by 263.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,469 shares of the bank’s stock worth $55,000 after buying an additional 1,065 shares during the last quarter. Emerald Advisers LLC acquired a new stake in Enterprise Financial Services in the third quarter worth $67,000. Dakota Wealth Management acquired a new position in shares of Enterprise Financial Services during the third quarter valued at $201,000. Federated Hermes Inc. grew its position in shares of Enterprise Financial Services by 33.5% during the third quarter. Federated Hermes Inc. now owns 5,546 shares of the bank’s stock worth $208,000 after acquiring an additional 1,393 shares during the last quarter. Finally, Claris Advisors LLC MO boosted its stake in Enterprise Financial Services by 5.7% during the 3rd quarter. Claris Advisors LLC MO now owns 5,605 shares of the bank’s stock valued at $210,000 after purchasing an additional 302 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

Enterprise Financial Services Price Performance

Shares of NASDAQ:EFSC opened at $38.80 on Monday. The company has a market cap of $1.46 billion, a P/E ratio of 8.31 and a beta of 0.99. The company’s fifty day moving average is $39.30 and its two-hundred day moving average is $40.07. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.28. Enterprise Financial Services Corp has a 12-month low of $32.97 and a 12-month high of $46.17.

Enterprise Financial Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.26 dividend. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.04 dividend on an annualized basis and a yield of 2.68%. Enterprise Financial Services’s dividend payout ratio is presently 22.27%.

Wall Street Analyst Weigh In

EFSC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price target on Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. DA Davidson lowered their price objective on shares of Enterprise Financial Services from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Finally, Piper Sandler decreased their price target on Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

Enterprise Financial Services Company Profile

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.