Peregrine Capital Management LLC Cuts Stake in Enterprise Financial Services Corp (NASDAQ:EFSC)

Peregrine Capital Management LLC trimmed its position in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 25.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,106 shares of the bank's stock after selling 45,297 shares during the period. Peregrine Capital Management LLC owned approximately 0.36% of Enterprise Financial Services worth $6,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Comerica Bank acquired a new stake in shares of Enterprise Financial Services during the third quarter worth $27,000. Public Employees Retirement System of Ohio raised its holdings in shares of Enterprise Financial Services by 48.8% during the third quarter. Public Employees Retirement System of Ohio now owns 723 shares of the bank's stock worth $32,000 after purchasing an additional 237 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Enterprise Financial Services by 91.7% during the third quarter. Tower Research Capital LLC TRC now owns 1,204 shares of the bank's stock worth $45,000 after purchasing an additional 576 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Enterprise Financial Services during the fourth quarter worth $45,000. Finally, Dark Forest Capital Management LP raised its holdings in shares of Enterprise Financial Services by 92.8% during the first quarter. Dark Forest Capital Management LP now owns 1,049 shares of the bank's stock worth $47,000 after purchasing an additional 505 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EFSC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Enterprise Financial Services from $53.00 to $51.00 and set an "outperform" rating for the company in a report on Wednesday, January 24th. Piper Sandler cut their price objective on shares of Enterprise Financial Services from $48.00 to $47.00 and set an "overweight" rating for the company in a report on Wednesday, January 24th.

Enterprise Financial Services Stock Performance

EFSC traded up $0.20 on Thursday, reaching $38.20. The stock had a trading volume of 97,114 shares, compared to its average volume of 142,897. The company has a market cap of $1.43 billion, a P/E ratio of 7.52 and a beta of 0.99. The business's 50-day moving average price is $39.58 and its two-hundred day moving average price is $39.92. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.28. Enterprise Financial Services Corp has a 12-month low of $32.97 and a 12-month high of $46.17.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its earnings results on Monday, January 22nd. The bank reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.02. The business had revenue of $166.18 million during the quarter, compared to analysts' expectations of $157.53 million. Enterprise Financial Services had a net margin of 23.28% and a return on equity of 12.54%. Sell-side analysts forecast that Enterprise Financial Services Corp will post 4.49 earnings per share for the current year.

Enterprise Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.62%. Enterprise Financial Services's dividend payout ratio is currently 19.69%.

About Enterprise Financial Services

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.