Nomura Holdings Inc. Makes New $4.23 Million Investment in Enterprise Financial Services Corporation $EFSC

Key Points

• Nomura Holdings Inc. made a significant investment of $4.23 million in shares of Enterprise Financial Services Corporation during the first quarter, acquiring 78,638 shares, which represents approximately 0.21% ownership.
• The company's stock has been upgraded from a "sell" to a "hold" rating by Wall Street analysts, with an average target price of $64.33 and three analysts rating it a "buy."
• Enterprise Financial Services recently declared an increased quarterly dividend of $0.31 per share, showcasing positive changes in their financial performance.

Nomura Holdings Inc. bought a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 78,638 shares of the bank's stock, valued at approximately $4,226,000. Nomura Holdings Inc. owned approximately 0.21% of Enterprise Financial Services as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in shares of Enterprise Financial Services in the first quarter valued at $28,000. Summit Securities Group LLC purchased a new stake in shares of Enterprise Financial Services in the first quarter valued at $32,000. Versant Capital Management Inc lifted its holdings in shares of Enterprise Financial Services by 51.7% in the first quarter. Versant Capital Management Inc now owns 775 shares of the bank's stock valued at $42,000 after purchasing an additional 264 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Enterprise Financial Services by 302.5% in the first quarter. PNC Financial Services Group Inc. now owns 793 shares of the bank's stock valued at $43,000 after purchasing an additional 596 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in shares of Enterprise Financial Services in the first quarter valued at $50,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Stock Down 0.8%

Shares of NASDAQ EFSC traded down $0.51 during mid-day trading on Friday, reaching $60.67. The company had a trading volume of 139,341 shares, compared to its average volume of 126,901. Enterprise Financial Services Corporation has a twelve month low of $45.22 and a twelve month high of $63.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $2.24 billion, a PE ratio of 11.51 and a beta of 0.92. The stock's 50 day moving average is $57.57 and its 200-day moving average is $54.86.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The bank reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.17. Enterprise Financial Services had a net margin of 21.28% and a return on equity of 11.19%. The business had revenue of $176.05 million for the quarter, compared to the consensus estimate of $166.82 million. As a group, equities analysts anticipate that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, September 15th. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 2.0%. Enterprise Financial Services's dividend payout ratio (DPR) is currently 23.53%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Enterprise Financial Services from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $64.33.

Insider Buying and Selling at Enterprise Financial Services

In other Enterprise Financial Services news, Director Michael E. Finn bought 1,500 shares of the stock in a transaction on Monday, August 4th. The shares were purchased at an average cost of $54.11 per share, with a total value of $81,165.00. Following the completion of the transaction, the director directly owned 3,000 shares of the company's stock, valued at $162,330. This represents a 100.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James Brian Lally sold 1,828 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $55.16, for a total transaction of $100,832.48. Following the transaction, the chief executive officer directly owned 100,885 shares in the company, valued at $5,564,816.60. The trade was a 1.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.