Knights of Columbus Asset Advisors LLC Has $4.29 Million Stock Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Knights of Columbus Asset Advisors LLC increased its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 94.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 96,170 shares of the bank's stock after buying an additional 46,739 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.26% of Enterprise Financial Services worth $4,294,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EFSC. Moneta Group Investment Advisors LLC lifted its position in Enterprise Financial Services by 111,650.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 93,278,472 shares of the bank's stock worth $4,566,914,000 after acquiring an additional 93,195,002 shares during the period. BlackRock Inc. lifted its position in Enterprise Financial Services by 9.5% during the 2nd quarter. BlackRock Inc. now owns 3,370,194 shares of the bank's stock worth $131,775,000 after acquiring an additional 291,919 shares during the period. Wellington Management Group LLP lifted its position in Enterprise Financial Services by 11.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,144,988 shares of the bank's stock worth $80,437,000 after acquiring an additional 220,690 shares during the period. Vanguard Group Inc. lifted its position in Enterprise Financial Services by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,946,265 shares of the bank's stock worth $72,985,000 after acquiring an additional 14,588 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Enterprise Financial Services by 7.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,405,005 shares of the bank's stock valued at $62,649,000 after buying an additional 91,428 shares during the period. Hedge funds and other institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Trading Up 3.9 %

EFSC stock traded up $1.50 during trading on Friday, reaching $39.68. 166,380 shares of the stock traded hands, compared to its average volume of 120,432. The business's 50 day moving average price is $39.42 and its 200-day moving average price is $40.00. Enterprise Financial Services Corp has a 52-week low of $32.97 and a 52-week high of $46.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $1.49 billion, a PE ratio of 7.81 and a beta of 0.99.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.02. The company had revenue of $166.18 million for the quarter, compared to analysts' expectations of $157.53 million. Enterprise Financial Services had a return on equity of 12.54% and a net margin of 23.28%. As a group, sell-side analysts forecast that Enterprise Financial Services Corp will post 4.47 earnings per share for the current year.

Enterprise Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Thursday, March 14th. Enterprise Financial Services's dividend payout ratio (DPR) is 19.69%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EFSC shares. Piper Sandler reduced their price target on Enterprise Financial Services from $48.00 to $47.00 and set an "overweight" rating for the company in a report on Wednesday, January 24th. Keefe, Bruyette & Woods reduced their price objective on Enterprise Financial Services from $53.00 to $51.00 and set an "outperform" rating for the company in a report on Wednesday, January 24th.

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.