Susquehanna Fundamental Investments LLC Buys Shares of 21,603 Enterprise Financial Services Corporation $EFSC

Key Points

• Susquehanna Fundamental Investments initiated a 21,603-share stake in Enterprise Financial Services, valued at approximately $1.42 million. Institutional investors and hedge funds collectively own 72.21% of EFSC.
• EFSC reported quarterly earnings of $1.13 per share, missing estimates of $1.33, while revenue reached $187.37 million versus expectations of $189.15 million.
• The company raised its quarterly dividend to $0.35 per share, or $1.40 annually, yielding about 2.2%. Analysts maintain a “Moderate Buy” consensus with an average price target of $70.

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,603 shares of the bank's stock, valued at approximately $1,423,000. Susquehanna Fundamental Investments LLC owned approximately 0.06% of Enterprise Financial Services as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EFSC. EverSource Wealth Advisors LLC raised its holdings in shares of Enterprise Financial Services by 929.0% during the second quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank's stock worth $35,000 after acquiring an additional 576 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Enterprise Financial Services in the second quarter valued at about $60,000. Kestra Advisory Services LLC acquired a new position in Enterprise Financial Services in the 4th quarter worth about $99,000. Fifth Third Bancorp acquired a new position in Enterprise Financial Services in the 1st quarter worth about $109,000. Finally, Comerica Bank raised its stake in shares of Enterprise Financial Services by 17.4% during the 3rd quarter. Comerica Bank now owns 2,041 shares of the bank's stock worth $118,000 after purchasing an additional 303 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Enterprise Financial Services Stock Performance

EFSC opened at $62.80 on Wednesday. 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 company has a market cap of $2.27 billion, a PE ratio of 12.49 and a beta of 0.79. The stock has a 50-day moving average of $65.58 and a 200-day moving average of $60.91. 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 issued its quarterly earnings data 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 the consensus estimate of $189.15 million. As a group, equities research analysts forecast that Enterprise Financial Services Corporation will post 5.31 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.35 per share. 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. The ex-dividend date is Tuesday, September 15th. Enterprise Financial Services's dividend payout ratio is 27.04%.

Analyst Ratings Changes

Several brokerages have recently issued reports on EFSC. Raymond James Financial lifted their price target on Enterprise Financial Services from $65.00 to $72.00 and gave the company an "outperform" rating in a report 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. Wall Street Zen cut shares of Enterprise Financial Services from a "hold" rating to a "sell" rating in a research note on Saturday, July 18th. Keefe, Bruyette & Woods boosted their target price on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Finally, Piper Sandler increased their price target on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a "neutral" rating in a research note on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $70.00.

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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