Enterprise Financial Services Corp Has $18.04 Million Stock Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Enterprise Financial Services Corp raised its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 16.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 404,058 shares of the bank's stock after purchasing an additional 58,027 shares during the period. Enterprise Financial Services accounts for about 11.0% of Enterprise Financial Services Corp's holdings, making the stock its largest holding. Enterprise Financial Services Corp owned about 1.08% of Enterprise Financial Services worth $18,041,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EFSC. Quest Partners LLC purchased a new stake in Enterprise Financial Services during the 4th quarter valued at $841,000. Principal Financial Group Inc. raised its holdings in Enterprise Financial Services by 16.3% during the fourth quarter. Principal Financial Group Inc. now owns 15,628 shares of the bank's stock valued at $698,000 after acquiring an additional 2,192 shares during the period. Dimensional Fund Advisors LP raised its holdings in Enterprise Financial Services by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,912,329 shares of the bank's stock valued at $85,387,000 after acquiring an additional 99,703 shares during the period. Mesirow Institutional Investment Management Inc. raised its holdings in Enterprise Financial Services by 7.1% during the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 303,706 shares of the bank's stock valued at $13,560,000 after acquiring an additional 20,050 shares during the period. Finally, Jennison Associates LLC raised its holdings in Enterprise Financial Services by 34.3% during the fourth quarter. Jennison Associates LLC now owns 411,256 shares of the bank's stock valued at $18,363,000 after acquiring an additional 105,004 shares during the period. Institutional investors own 72.21% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Piper Sandler reduced their target price on Enterprise Financial Services from $48.00 to $47.00 and set an "overweight" rating on the stock in a report on Wednesday, January 24th. Keefe, Bruyette & Woods reduced their target price on Enterprise Financial Services from $51.00 to $49.00 and set an "outperform" rating on the stock in a report on Wednesday, April 24th. Finally, DA Davidson dropped their price target 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $47.00.

Enterprise Financial Services Stock Down 1.7 %

Shares of EFSC stock traded down $0.67 during trading hours on Wednesday, reaching $39.30. 93,858 shares of the company's stock were exchanged, compared to its average volume of 135,054. The stock's 50 day moving average is $39.17 and its 200-day moving average is $40.53. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 8.56 and a beta of 0.99. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29. 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by ($0.03). The business had revenue of $149.89 million for the quarter, compared to analyst estimates of $156.04 million. Enterprise Financial Services had a return on equity of 11.35% and a net margin of 20.60%. Analysts predict that Enterprise Financial Services Corp will post 4.32 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.26 per share. This is an increase from Enterprise Financial Services's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Friday, June 14th. Enterprise Financial Services's dividend payout ratio (DPR) is currently 21.41%.

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.

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