Enterprise Financial Services Corporation $EFSC Holdings Reduced by Enterprise Financial Services Corp

Enterprise Financial Services Corp trimmed its holdings in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 7.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 331,579 shares of the bank’s stock after selling 28,173 shares during the quarter. Enterprise Financial Services makes up approximately 9.1% of Enterprise Financial Services Corp’s holdings, making the stock its biggest position. Enterprise Financial Services Corp owned 0.90% of Enterprise Financial Services worth $17,905,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Western Financial Corp CA lifted its holdings in shares of Enterprise Financial Services by 9.1% in the third quarter. Western Financial Corp CA now owns 582,933 shares of the bank’s stock worth $33,798,000 after buying an additional 48,391 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Enterprise Financial Services by 146.8% during the third quarter. Thrivent Financial for Lutherans now owns 969,533 shares of the bank’s stock valued at $56,213,000 after acquiring an additional 576,655 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in Enterprise Financial Services in the 3rd quarter valued at $1,000,000. Aptus Capital Advisors LLC increased its holdings in Enterprise Financial Services by 15.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 233,226 shares of the bank’s stock valued at $13,522,000 after acquiring an additional 30,568 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Enterprise Financial Services by 30.3% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 125,417 shares of the bank’s stock worth $7,272,000 after purchasing an additional 29,159 shares in the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Enterprise Financial Services Stock Performance

Shares of EFSC opened at $53.31 on Monday. The stock has a market capitalization of $1.96 billion, a PE ratio of 10.04 and a beta of 0.82. The company’s fifty day moving average is $56.85 and its 200 day moving average is $56.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. Enterprise Financial Services Corporation has a fifty-two week low of $45.22 and a fifty-two week high of $62.30.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings data on Monday, January 26th. The bank reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). Enterprise Financial Services had a net margin of 20.15% and a return on equity of 10.57%. The business had revenue of $190.95 million for the quarter, compared to the consensus estimate of $188.54 million. Sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given 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 yield of 2.5%. The ex-dividend date is Friday, March 13th. Enterprise Financial Services’s dividend payout ratio (DPR) is 24.86%.

Analyst Ratings Changes

Several research analysts have commented on the stock. DA Davidson increased their price objective on shares of Enterprise Financial Services from $66.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings upgraded Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, Piper Sandler increased their price target on Enterprise Financial Services from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.00.

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.