Emerald Investment Advisers LLC Purchases Shares of 89,897 Enterprise Financial Services Corporation $EFSC

Emerald Investment Advisers LLC acquired a new position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 89,897 shares of the bank's stock, valued at approximately $5,922,000. Emerald Investment Advisers LLC owned about 0.25% of Enterprise Financial Services at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Enterprise Financial Services by 3,318.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 28,472 shares of the bank's stock worth $1,537,000 after acquiring an additional 27,639 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Enterprise Financial Services by 2.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 995,541 shares of the bank's stock valued at $53,759,000 after acquiring an additional 26,008 shares in the last quarter. AlphaQuest LLC boosted its stake in Enterprise Financial Services by 250.1% during the 4th quarter. AlphaQuest LLC now owns 49,847 shares of the bank's stock valued at $2,692,000 after purchasing an additional 35,611 shares during the last quarter. Endeavour Capital Advisors Inc. boosted its stake in Enterprise Financial Services by 109.8% during the 4th quarter. Endeavour Capital Advisors Inc. now owns 185,240 shares of the bank's stock valued at $10,003,000 after purchasing an additional 96,926 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Enterprise Financial Services by 5.7% during the 1st quarter. Bank of America Corp DE now owns 397,357 shares of the bank's stock valued at $21,501,000 after purchasing an additional 21,269 shares during the last quarter. 72.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Enterprise Financial Services Price Performance

Enterprise Financial Services stock opened at $63.67 on Friday. Enterprise Financial Services Corporation has a 52 week low of $51.18 and a 52 week high of $68.73. The company's 50 day moving average price is $65.51 and its two-hundred day moving average price is $60.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. The stock has a market cap of $2.30 billion, a P/E ratio of 12.66 and a beta of 0.79.

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

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.35 dividend. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Enterprise Financial Services's payout ratio is presently 27.83%.

Enterprise Financial Services Profile

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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