Enterprise Financial Services Corp (NASDAQ:EFSC) Holdings Lessened by PL Capital Advisors LLC

PL Capital Advisors LLC trimmed its holdings in Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 723,829 shares of the bank's stock after selling 47,000 shares during the quarter. Enterprise Financial Services comprises approximately 11.2% of PL Capital Advisors LLC's portfolio, making the stock its 2nd largest holding. PL Capital Advisors LLC owned approximately 1.94% of Enterprise Financial Services worth $32,319,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP lifted its stake in Enterprise Financial Services by 11.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,144,988 shares of the bank's stock worth $80,437,000 after purchasing an additional 220,690 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Enterprise Financial Services by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,946,265 shares of the bank's stock valued at $72,985,000 after buying an additional 14,588 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Enterprise Financial Services by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,413 shares of the bank's stock valued at $15,428,000 after buying an additional 16,069 shares during the period. Jennison Associates LLC raised its position in shares of Enterprise Financial Services by 34.3% during the 4th quarter. Jennison Associates LLC now owns 411,256 shares of the bank's stock valued at $18,363,000 after buying an additional 105,004 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Enterprise Financial Services by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 349,266 shares of the bank's stock valued at $13,097,000 after buying an additional 44,694 shares during the period. 72.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EFSC shares. DA Davidson dropped their target price on shares of Enterprise Financial Services from $47.00 to $45.00 and set a "buy" rating for the company in a report on Wednesday. Piper Sandler reduced their price target on shares of Enterprise Financial Services from $48.00 to $47.00 and set an "overweight" rating for the company in a research report on Wednesday, January 24th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Enterprise Financial Services from $51.00 to $49.00 and set an "outperform" rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $47.00.

Enterprise Financial Services Stock Performance

Shares of Enterprise Financial Services stock traded down $0.09 during trading hours on Friday, reaching $38.80. The company's stock had a trading volume of 97,248 shares, compared to its average volume of 139,033. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.92 and a current ratio of 0.92. The company's 50 day simple moving average is $39.30 and its 200 day simple moving average is $40.07. The stock has a market cap of $1.46 billion, a P/E ratio of 8.31 and a beta of 0.99. Enterprise Financial Services Corp has a one year low of $32.97 and a one year high of $46.17.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.26 dividend. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Friday, June 14th. Enterprise Financial Services's payout ratio is presently 22.27%.

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.