Tudor Investment Corp ET AL Buys New Position in Enterprise Financial Services Corporation $EFSC

Key Points

• Tudor Investment Corp established a new stake in Enterprise Financial Services (NASDAQ:EFSC) of 20,884 shares worth about $1.21 million, and institutional investors now own roughly 72.21% of the company.
• EFSC reported quarterly EPS of $1.36 (missing estimates by $0.01) while revenue of $190.95 million beat expectations; the firm posted a 20.15% net margin, 10.57% ROE, and analysts forecast about 4.97 EPS for the fiscal year.
• The board raised the quarterly dividend to $0.33 (annualized $1.32, yield ~2.3%), and analysts maintain a consensus "Moderate Buy" rating with an average target price of $66 (highs up to $68).

Tudor Investment Corp ET AL bought a new stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,884 shares of the bank's stock, valued at approximately $1,211,000. Tudor Investment Corp ET AL owned 0.06% of Enterprise Financial Services at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. First Horizon Corp bought a new stake in Enterprise Financial Services during the third quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its position in Enterprise Financial Services by 929.0% during the second quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank's stock valued at $35,000 after buying an additional 576 shares during the period. State of Alaska Department of Revenue bought a new stake in Enterprise Financial Services during the third quarter valued at approximately $92,000. Comerica Bank grew its position in Enterprise Financial Services by 17.4% during the third quarter. Comerica Bank now owns 2,041 shares of the bank's stock valued at $118,000 after buying an additional 303 shares during the period. Finally, Federated Hermes Inc. grew its position in Enterprise Financial Services by 106.0% during the second quarter. Federated Hermes Inc. now owns 2,182 shares of the bank's stock valued at $120,000 after buying an additional 1,123 shares during the period. 72.21% of the stock is currently owned by institutional investors.

Enterprise Financial Services Price Performance

Shares of NASDAQ:EFSC opened at $58.02 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. Enterprise Financial Services Corporation has a 1-year low of $45.86 and a 1-year high of $62.30. The company has a market capitalization of $2.14 billion, a P/E ratio of 10.93 and a beta of 0.79. The firm's 50 day simple moving average is $56.71 and its two-hundred day simple moving average is $55.77.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its quarterly earnings results on Monday, January 26th. The bank reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.01). Enterprise Financial Services had a net margin of 20.15% and a return on equity of 10.57%. The firm had revenue of $190.95 million for the quarter, compared to analysts' expectations of $188.54 million. Research analysts expect that Enterprise Financial Services Corporation will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a dividend of $0.33 per share. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, March 13th. Enterprise Financial Services's payout ratio is presently 24.86%.

Analysts Set New Price Targets

Several analysts recently issued reports on EFSC shares. DA Davidson boosted their target price on shares of Enterprise Financial Services from $66.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. Piper Sandler boosted their target price on shares of Enterprise Financial Services from $62.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings raised shares of Enterprise Financial Services from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $66.00.

Enterprise Financial Services Company 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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