Connor Clark & Lunn Investment Management Ltd. Has $1.90 Million Position in Enterprise Financial Services Corporation $EFSC

Connor Clark & Lunn Investment Management Ltd. grew its position in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 30.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,533 shares of the bank’s stock after acquiring an additional 8,028 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of Enterprise Financial Services worth $1,903,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EFSC. Summit Securities Group LLC bought a new position in Enterprise Financial Services during the first quarter worth about $32,000. PNC Financial Services Group Inc. lifted its position in shares of Enterprise Financial Services by 302.5% in the first quarter. PNC Financial Services Group Inc. now owns 793 shares of the bank’s stock valued at $43,000 after buying an additional 596 shares during the last quarter. CWM LLC boosted its stake in shares of Enterprise Financial Services by 83.6% during the 1st quarter. CWM LLC now owns 1,252 shares of the bank’s stock worth $67,000 after acquiring an additional 570 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Enterprise Financial Services during the 2nd quarter worth approximately $70,000. Finally, Picton Mahoney Asset Management bought a new stake in Enterprise Financial Services in the 1st quarter valued at $71,000. 72.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EFSC has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Enterprise Financial Services in a research note on Friday, October 31st. DA Davidson reiterated a “buy” rating and issued a $69.00 price target on shares of Enterprise Financial Services in a research note on Tuesday, October 28th. Keefe, Bruyette & Woods reduced their price objective on Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Finally, Piper Sandler decreased their target price on Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $65.67.

Enterprise Financial Services Stock Performance

NASDAQ:EFSC opened at $53.47 on Monday. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 10.40 and a beta of 0.90. Enterprise Financial Services Corporation has a fifty-two week low of $45.22 and a fifty-two week high of $63.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a fifty day moving average price of $56.45 and a 200-day moving average price of $55.94.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings results on Monday, October 27th. The bank reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.10). Enterprise Financial Services had a net margin of 19.98% and a return on equity of 10.98%. The company had revenue of $177.84 million during the quarter, compared to analyst estimates of $176.52 million. As a group, equities analysts anticipate that Enterprise Financial Services Corporation will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a dividend of $0.32 per share. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.4%. Enterprise Financial Services’s payout ratio is currently 24.90%.

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.