Elizabeth Park Capital Advisors Ltd. Acquires Shares of 42,342 Enterprise Financial Services Corporation $EFSC

Elizabeth Park Capital Advisors Ltd. bought a new position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,342 shares of the bank’s stock, valued at approximately $2,333,000. Enterprise Financial Services accounts for about 2.1% of Elizabeth Park Capital Advisors Ltd.’s holdings, making the stock its 28th largest holding. Elizabeth Park Capital Advisors Ltd. owned approximately 0.11% of Enterprise Financial Services at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its stake in shares of Enterprise Financial Services by 106.0% in the 2nd quarter. Federated Hermes Inc. now owns 2,182 shares of the bank’s stock valued at $120,000 after purchasing an additional 1,123 shares during the last quarter. Jump Financial LLC acquired a new position in Enterprise Financial Services in the 2nd quarter valued at $230,000. Endeavour Capital Advisors Inc. raised its position in Enterprise Financial Services by 12.7% during the 2nd quarter. Endeavour Capital Advisors Inc. now owns 70,753 shares of the bank’s stock worth $3,898,000 after buying an additional 7,971 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Enterprise Financial Services by 1.5% in the 2nd quarter. First Trust Advisors LP now owns 1,422,965 shares of the bank’s stock worth $78,405,000 after acquiring an additional 20,794 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Enterprise Financial Services by 929.0% in the second quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock valued at $35,000 after acquiring an additional 576 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

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

Enterprise Financial Services Stock Performance

NASDAQ:EFSC opened at $55.22 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $2.04 billion, a P/E ratio of 10.74 and a beta of 0.84. The firm has a 50-day moving average price of $54.71 and a two-hundred day moving average price of $55.98. Enterprise Financial Services Corporation has a twelve month low of $45.22 and a twelve month high of $62.60.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, October 27th. The bank reported $1.20 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.10). Enterprise Financial Services had a net margin of 19.98% and a return on equity of 10.82%. The business had revenue of $177.84 million during the quarter, compared to analyst estimates of $176.52 million. As a group, research analysts expect that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.32 dividend. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, December 15th. Enterprise Financial Services’s dividend payout ratio (DPR) is currently 24.12%.

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.