Quantinno Capital Management LP Buys 32,545 Shares of Enterprise Financial Services Corporation $EFSC

Key Points

• Quantinno Capital Management increased its Enterprise Financial Services stake by 371.9% in the first quarter, purchasing 32,545 additional shares for a total holding valued at approximately $2.24 million. Institutional investors collectively own 72.21% of the company.
• Enterprise Financial Services reported quarterly EPS of $1.13, missing the $1.33 consensus estimate, while revenue of $187.37 million was slightly below expectations. The stock opened at $65.68, near its 52-week high of $68.73.
• The company raised its quarterly dividend to $0.35 per share, representing an annualized dividend of $1.40 and a 2.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $70.00.

Quantinno Capital Management LP lifted its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) by 371.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,295 shares of the bank's stock after buying an additional 32,545 shares during the period. Quantinno Capital Management LP owned about 0.11% of Enterprise Financial Services worth $2,235,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Enterprise Financial Services by 3,318.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 28,472 shares of the bank's stock valued at $1,537,000 after acquiring an additional 27,639 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Enterprise Financial Services by 2.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 995,541 shares of the bank's stock worth $53,759,000 after purchasing an additional 26,008 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in Enterprise Financial Services during the 3rd quarter valued at about $1,211,000. AlphaQuest LLC boosted its position in Enterprise Financial Services by 250.1% in the fourth quarter. AlphaQuest LLC now owns 49,847 shares of the bank's stock valued at $2,692,000 after buying an additional 35,611 shares in the last quarter. Finally, Endeavour Capital Advisors Inc. grew its stake in Enterprise Financial Services by 109.8% during the fourth quarter. Endeavour Capital Advisors Inc. now owns 185,240 shares of the bank's stock worth $10,003,000 after buying an additional 96,926 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

Enterprise Financial Services Stock Down 0.3%

NASDAQ:EFSC opened at $65.68 on Tuesday. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 13.06 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. The stock's fifty day moving average price is $64.88 and its two-hundred day moving average price is $60.19. Enterprise Financial Services Corporation has a 52-week low of $51.18 and a 52-week high of $68.73.

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

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.35 dividend. The ex-dividend date is Tuesday, September 15th. This is a positive change from Enterprise Financial Services's previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. Enterprise Financial Services's dividend payout ratio is 27.04%.

Analyst Upgrades and Downgrades

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