Deutsche Bank AG Makes New $2.57 Million Investment in Enterprise Financial Services Corporation $EFSC

Key Points

• Deutsche Bank initiated a $2.57 million position in Enterprise Financial Services during the second quarter, purchasing 38,961 shares. Institutional investors and hedge funds collectively own 72.21% of EFSC.
• EFSC’s latest quarterly earnings missed expectations, with earnings per share of $1.13 versus the $1.33 consensus estimate and revenue of $187.37 million versus $189.15 million expected.
• The company increased its quarterly dividend to $0.35 per share, equivalent to a $1.40 annualized dividend and a 2.2% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $70.

Deutsche Bank AG bought a new stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 38,961 shares of the bank's stock, valued at approximately $2,567,000. Deutsche Bank AG owned about 0.11% of Enterprise Financial Services at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wellington Management Group LLP raised its stake in Enterprise Financial Services by 12.6% during the fourth quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank's stock worth $159,414,000 after acquiring an additional 329,346 shares during the period. Glenmede Trust Co. NA bought a new position in Enterprise Financial Services in the first quarter worth about $10,093,000. Bank of New York Mellon Corp bought a new position in shares of Enterprise Financial Services during the second quarter valued at approximately $11,415,000. Millennium Management LLC grew its holdings in shares of Enterprise Financial Services by 2,090.9% during the fourth quarter. Millennium Management LLC now owns 105,077 shares of the bank's stock valued at $5,674,000 after purchasing an additional 100,281 shares during the last quarter. Finally, Endeavour Capital Advisors Inc. raised its position in shares of Enterprise Financial Services by 109.8% during the 4th quarter. Endeavour Capital Advisors Inc. now owns 185,240 shares of the bank's stock worth $10,003,000 after purchasing an additional 96,926 shares during the period. 72.21% of the stock is owned by institutional investors and hedge funds.

Enterprise Financial Services Stock Performance

Shares of EFSC opened at $63.50 on Friday. The firm's 50 day moving average is $65.59 and its 200-day moving average is $60.83. The stock has a market capitalization of $2.30 billion, a P/E ratio of 12.62 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. Enterprise Financial Services Corporation has a 12-month low of $51.18 and a 12-month high of $68.73.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share 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 company had revenue of $187.37 million during the quarter, compared to analyst estimates of $189.15 million. Equities research analysts anticipate that Enterprise Financial Services Corporation will post 5.31 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

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

Wall Street Analyst Weigh In

EFSC has been the topic of a number of recent research reports. Wall Street Zen cut Enterprise Financial Services from a "hold" rating to a "sell" rating in a research note on Saturday, July 18th. Raymond James Financial upped their price target on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 1st. Keefe, Bruyette & Woods increased their price objective on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Piper Sandler lifted their price objective on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the company a "neutral" rating in a research report on Monday, July 27th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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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