Great Lakes Advisors LLC Reduces Stock Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Great Lakes Advisors LLC lowered its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 21.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,057 shares of the bank's stock after selling 26,731 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.26% of Enterprise Financial Services worth $4,423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EFSC. Wellington Management Group LLP increased its holdings in Enterprise Financial Services by 11.5% in the third quarter. Wellington Management Group LLP now owns 2,144,988 shares of the bank's stock valued at $80,437,000 after purchasing an additional 220,690 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Enterprise Financial Services by 0.8% in the third 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Enterprise Financial Services by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,912,329 shares of the bank's stock worth $85,387,000 after acquiring an additional 99,703 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Enterprise Financial Services by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 411,413 shares of the bank's stock worth $15,428,000 after acquiring an additional 16,069 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Enterprise Financial Services by 34.3% in the fourth quarter. Jennison Associates LLC now owns 411,256 shares of the bank's stock worth $18,363,000 after acquiring an additional 105,004 shares in the last quarter. Institutional investors own 72.21% of the company's stock.

Enterprise Financial Services Stock Down 2.0 %

Shares of EFSC stock traded down $0.83 on Monday, hitting $40.07. 85,610 shares of the stock were exchanged, compared to its average volume of 135,816. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.50 billion, a P/E ratio of 8.58 and a beta of 0.99. The business has a 50-day moving average of $39.15 and a 200 day moving average of $40.51. Enterprise Financial Services Corp has a fifty-two week low of $32.97 and a fifty-two week high of $46.17.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last issued its quarterly earnings results on Monday, April 22nd. The bank reported $1.07 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.03). Enterprise Financial Services had a net margin of 20.60% and a return on equity of 11.35%. The company had revenue of $149.89 million for the quarter, compared to analyst estimates of $156.04 million. Equities analysts anticipate that Enterprise Financial Services Corp will post 4.32 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, June 14th. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.60%. Enterprise Financial Services's dividend payout ratio is 21.41%.

Wall Street Analysts Forecast Growth

EFSC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered their price target on Enterprise Financial Services from $51.00 to $49.00 and set an "outperform" rating for the company in a report on Wednesday, April 24th. Piper Sandler reduced their price objective on 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, DA Davidson reduced their price objective on Enterprise Financial Services from $47.00 to $45.00 and set a "buy" rating for the company in a research report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $47.00.

Enterprise Financial Services 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.