Enterprise Financial Services Corporation $EFSC Shares Sold by Susquehanna International Group LLP

Key Points

• Susquehanna International Group reduced its EFSC stake by 15% in the second quarter, selling 17,659 shares and retaining 100,109 shares worth approximately $6.6 million. Institutional investors collectively own 72.21% of Enterprise Financial Services.
• Enterprise Financial Services reported quarterly EPS of $1.13, below the $1.33 analyst consensus, while revenue of $187.37 million was also slightly below estimates.
• The company raised its quarterly dividend to $0.35 per share, implying a $1.40 annualized payout and a 2.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $70.

Susquehanna International Group LLP lessened its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) by 15.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,109 shares of the bank's stock after selling 17,659 shares during the quarter. Susquehanna International Group LLP owned 0.28% of Enterprise Financial Services worth $6,595,000 at the end of the most recent quarter.

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

Enterprise Financial Services Price Performance

Shares of NASDAQ EFSC opened at $63.59 on Monday. Enterprise Financial Services Corporation has a 1 year low of $51.18 and a 1 year high of $68.73. The firm's 50 day moving average price is $65.62 and its 200 day moving average price is $60.85. The firm has a market cap of $2.30 billion, a P/E ratio of 12.64 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings data 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). Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%.The business had revenue of $187.37 million for the quarter, compared to analyst estimates of $189.15 million. As a group, sell-side analysts anticipate that Enterprise Financial Services Corporation will post 5.31 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, September 15th. 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. Enterprise Financial Services's dividend payout ratio is presently 27.83%.

Analyst Upgrades and Downgrades

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