Aptus Capital Advisors LLC Has $13.52 Million Stock Holdings in Enterprise Financial Services Corporation $EFSC

Aptus Capital Advisors LLC increased its holdings in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 15.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 233,226 shares of the bank’s stock after acquiring an additional 30,568 shares during the quarter. Aptus Capital Advisors LLC owned about 0.63% of Enterprise Financial Services worth $13,522,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EFSC. AQR Capital Management LLC grew its holdings in shares of Enterprise Financial Services by 14.5% during the 1st quarter. AQR Capital Management LLC now owns 58,539 shares of the bank’s stock worth $3,146,000 after purchasing an additional 7,419 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Enterprise Financial Services by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,762 shares of the bank’s stock valued at $1,169,000 after buying an additional 698 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Enterprise Financial Services by 10.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,398 shares of the bank’s stock worth $5,718,000 after buying an additional 9,816 shares during the period. Focus Partners Wealth increased its position in Enterprise Financial Services by 25.1% during the 1st quarter. Focus Partners Wealth now owns 5,398 shares of the bank’s stock valued at $290,000 after purchasing an additional 1,082 shares during the period. Finally, Intech Investment Management LLC raised its stake in Enterprise Financial Services by 46.1% during the first quarter. Intech Investment Management LLC now owns 25,082 shares of the bank’s stock worth $1,348,000 after buying an additional 7,909 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on EFSC. Piper Sandler boosted their price objective on Enterprise Financial Services from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Weiss Ratings upgraded shares of Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. DA Davidson raised their price objective on shares of Enterprise Financial Services from $66.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Enterprise Financial Services currently has an average rating of “Moderate Buy” and a consensus target price of $66.00.

Enterprise Financial Services Price Performance

Shares of EFSC opened at $54.57 on Friday. Enterprise Financial Services Corporation has a fifty-two week low of $45.22 and a fifty-two week high of $62.30. The stock has a market cap of $2.01 billion, a PE ratio of 10.28 and a beta of 0.82. The firm’s 50-day simple moving average is $57.22 and its two-hundred day simple moving average is $56.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.84.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, January 26th. The bank reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). The firm had revenue of $190.95 million during the quarter, compared to analysts’ expectations of $188.54 million. Enterprise Financial Services had a return on equity of 10.57% and a net margin of 20.15%. Analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.33 dividend. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, March 13th. Enterprise Financial Services’s payout ratio is currently 24.11%.

About Enterprise Financial Services

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.