Bailard Inc. Makes New $413,000 Investment in Enterprise Financial Services Corp (NASDAQ:EFSC)

Bailard Inc. bought a new stake in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,100 shares of the bank’s stock, valued at approximately $413,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. EntryPoint Capital LLC boosted its stake in Enterprise Financial Services by 87.4% during the 1st quarter. EntryPoint Capital LLC now owns 3,927 shares of the bank’s stock valued at $159,000 after acquiring an additional 1,831 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Enterprise Financial Services by 8.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,010 shares of the bank’s stock worth $179,000 after purchasing an additional 324 shares during the last quarter. SG Americas Securities LLC acquired a new position in Enterprise Financial Services in the first quarter worth about $178,000. Strs Ohio increased its holdings in Enterprise Financial Services by 9.5% in the fourth quarter. Strs Ohio now owns 4,600 shares of the bank’s stock valued at $205,000 after buying an additional 400 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Enterprise Financial Services during the 4th quarter worth approximately $216,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their price target on Enterprise Financial Services from $45.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th.

Enterprise Financial Services Stock Down 0.5 %

NASDAQ:EFSC opened at $52.52 on Tuesday. The firm has a market capitalization of $1.97 billion, a PE ratio of 11.25 and a beta of 0.98. Enterprise Financial Services Corp has a 52 week low of $32.97 and a 52 week high of $54.88. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average of $45.96 and a 200-day moving average of $41.59.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.15. The company had revenue of $156.02 million for the quarter, compared to analysts’ expectations of $153.41 million. Enterprise Financial Services had a return on equity of 10.95% and a net margin of 19.61%. Analysts predict that Enterprise Financial Services Corp will post 4.6 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.27 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.06%. Enterprise Financial Services’s dividend payout ratio (DPR) is 23.13%.

Insiders Place Their Bets

In related news, Director Richard Sanborn sold 94,815 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $53.73, for a total value of $5,094,409.95. Following the completion of the sale, the director now owns 139,460 shares in the company, valued at approximately $7,493,185.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Enterprise Financial Services 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.