Acropolis Investment Management LLC Purchases 19,440 Shares of Enterprise Financial Services Corporation $EFSC

Acropolis Investment Management LLC lifted its position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 161.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,480 shares of the bank’s stock after purchasing an additional 19,440 shares during the period. Acropolis Investment Management LLC owned 0.09% of Enterprise Financial Services worth $1,735,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in Enterprise Financial Services by 929.0% during the second quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock worth $35,000 after purchasing an additional 576 shares during the period. 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. Ameritas Advisory Services LLC bought a new position in shares of Enterprise Financial Services during the 2nd quarter worth approximately $70,000. Federated Hermes Inc. increased its holdings in shares of Enterprise Financial Services by 106.0% during the 2nd quarter. Federated Hermes Inc. now owns 2,182 shares of the bank’s stock worth $120,000 after acquiring an additional 1,123 shares during the last quarter. Finally, Quarry LP raised its stake in Enterprise Financial Services by 6,110.3% in the 1st quarter. Quarry LP now owns 2,422 shares of the bank’s stock valued at $130,000 after acquiring an additional 2,383 shares during the period. 72.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EFSC has been the topic of several 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 reissued a “buy (b-)” rating on shares of Enterprise Financial Services in a report on Friday, October 31st. DA Davidson restated a “buy” rating and set a $69.00 price objective on shares of Enterprise Financial Services in a research report on Tuesday, October 28th. Keefe, Bruyette & Woods decreased their target price on Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Finally, Piper Sandler lowered their target price on Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

Enterprise Financial Services Price Performance

Shares of NASDAQ EFSC opened at $56.14 on Thursday. The business has a fifty day moving average price of $54.53 and a two-hundred day moving average price of $56.17. The stock has a market capitalization of $2.08 billion, a PE ratio of 10.92 and a beta of 0.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.88. Enterprise Financial Services Corporation has a fifty-two week low of $45.22 and a fifty-two week high of $62.60.

Enterprise Financial Services (NASDAQ:EFSC) last issued 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). The company 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 10.82% and a net margin of 19.98%. As a group, equities analysts predict that Enterprise Financial Services Corporation will post 4.97 earnings per share 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 2.3%. Enterprise Financial Services’s payout ratio is currently 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.