Corient Private Wealth LP Invests $2.60 Million in Enterprise Financial Services Corporation $EFSC

Key Points

• Corient Private Wealth LP initiated a $2.60 million position in Enterprise Financial Services, buying 39,438 shares, while institutional investors collectively own 72.21% of the company.
• Enterprise Financial Services reported quarterly EPS of $1.13, below the $1.33 consensus estimate, while revenue of $187.37 million also narrowly missed expectations.
• The bank raised its quarterly dividend to $0.35 per share, equal to a 2.2% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $70.

Corient Private Wealth LP purchased a new position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,438 shares of the bank's stock, valued at approximately $2,598,000. Corient Private Wealth LP owned approximately 0.11% of Enterprise Financial Services as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EFSC. BlackRock Inc. acquired a new position in Enterprise Financial Services during the 2nd quarter worth approximately $235,007,000. Bank of America Corp DE acquired a new stake in shares of Enterprise Financial Services in the 2nd quarter valued at approximately $22,714,000. Wellington Management Group LLP lifted its holdings in shares of Enterprise Financial Services by 12.6% in the 4th quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank's stock valued at $159,414,000 after buying an additional 329,346 shares during the period. Glenmede Trust Co. NA purchased a new stake in shares of Enterprise Financial Services in the first quarter valued at approximately $10,093,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Enterprise Financial Services in the second quarter valued at approximately $11,415,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Enterprise Financial Services Trading Up 1.3%

NASDAQ:EFSC opened at $63.64 on Thursday. The company has a market capitalization of $2.30 billion, a PE ratio of 12.65 and a beta of 0.78. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. Enterprise Financial Services Corporation has a 52-week low of $51.18 and a 52-week high of $68.73. The stock has a fifty day simple moving average of $65.54 and a 200-day simple moving average of $60.93.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.13 EPS for the quarter, missing analysts' consensus estimates of $1.33 by ($0.20). Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. The business had revenue of $187.37 million during the quarter, compared to analyst estimates of $189.15 million. On average, equities research analysts expect that Enterprise Financial Services Corporation will post 5.31 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, September 15th. Enterprise Financial Services's payout ratio is currently 27.04%.

Analysts Set New Price Targets

Several research analysts have issued reports on EFSC shares. Piper Sandler increased their price objective on Enterprise Financial Services from $67.00 to $68.00 and gave the stock a "neutral" rating in a research report on Monday, July 27th. Keefe, Bruyette & Woods boosted their target price on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Wall Street Zen cut shares of Enterprise Financial Services from a "hold" rating to a "sell" rating in a research note on Saturday, July 18th. Raymond James Financial increased their price target on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, July 1st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Four investment 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, Enterprise Financial Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.00.

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.

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