Boston Partners Has $5.95 Million Stock Position in Enterprise Financial Services Corporation $EFSC

Boston Partners grew its stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 141.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 107,910 shares of the bank’s stock after buying an additional 63,261 shares during the quarter. Boston Partners owned approximately 0.29% of Enterprise Financial Services worth $5,946,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EFSC. Nuveen LLC acquired a new stake in shares of Enterprise Financial Services during the 1st quarter valued at $22,901,000. Vanguard Group Inc. raised its position in Enterprise Financial Services by 10.8% in the first quarter. Vanguard Group Inc. now owns 2,314,377 shares of the bank’s stock valued at $124,375,000 after purchasing an additional 225,369 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Enterprise Financial Services during the second quarter valued at about $4,959,000. Nomura Holdings Inc. bought a new stake in shares of Enterprise Financial Services during the first quarter worth about $4,226,000. Finally, American Century Companies Inc. increased its stake in shares of Enterprise Financial Services by 7.5% in the first quarter. American Century Companies Inc. now owns 911,911 shares of the bank’s stock valued at $49,006,000 after buying an additional 63,972 shares during the period. 72.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EFSC has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enterprise Financial Services in a research report on Friday, October 31st. DA Davidson reiterated a “buy” rating and set a $69.00 price target on shares of Enterprise Financial Services in a report on Tuesday, October 28th. Keefe, Bruyette & Woods decreased 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. Wall Street Zen raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Piper Sandler reduced their price target 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 analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

Enterprise Financial Services Price Performance

EFSC stock opened at $54.62 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 10.63 and a beta of 0.90. The company’s fifty day simple moving average is $55.09 and its 200 day simple moving average is $55.94. Enterprise Financial Services Corporation has a 12-month low of $45.22 and a 12-month high of $62.60.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, October 27th. The bank reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.10). The business had revenue of $177.84 million during the quarter, compared to the consensus estimate of $176.52 million. Enterprise Financial Services had a return on equity of 10.98% and a net margin of 19.98%. On average, analysts expect that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.3%. 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. Enterprise Financial Services’s payout ratio is presently 24.90%.

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.