Lido Advisors LLC lifted its holdings in Enterprise Financial Services Corporation (NASDAQ:EFSC – Free Report) by 220.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,409 shares of the bank’s stock after buying an additional 14,040 shares during the quarter. Lido Advisors LLC owned 0.06% of Enterprise Financial Services worth $1,104,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in shares of Enterprise Financial Services by 929.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock worth $35,000 after purchasing an additional 576 shares in the last quarter. First Horizon Corp increased its holdings in shares of Enterprise Financial Services by 55.6% in the 4th quarter. First Horizon Corp now owns 708 shares of the bank’s stock valued at $38,000 after purchasing an additional 253 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Enterprise Financial Services by 65.0% in the 4th quarter. Signaturefd LLC now owns 812 shares of the bank’s stock valued at $44,000 after purchasing an additional 320 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Enterprise Financial Services in the fourth quarter valued at about $99,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Enterprise Financial Services in the first quarter valued at about $109,000. Institutional investors and hedge funds own 72.21% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have weighed in on EFSC shares. Piper Sandler upped their target price on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday. Raymond James Financial boosted their price target on Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Wall Street Zen cut Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Finally, Keefe, Bruyette & Woods lifted their price objective on Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.00.
Enterprise Financial Services Stock Performance
NASDAQ:EFSC opened at $65.66 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.40 billion, a P/E ratio of 13.05 and a beta of 0.79. The firm has a 50-day moving average price of $63.69 and a two-hundred day moving average price of $59.39. Enterprise Financial Services Corporation has a twelve month low of $51.18 and a twelve month high of $68.73.
Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.20). Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.73%. The business had revenue of $182.19 million during the quarter, compared to analysts’ expectations of $189.15 million. As a group, research analysts expect that Enterprise Financial Services Corporation will post 5.49 earnings per share for the current fiscal year.
Enterprise Financial Services Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 15th. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.34. Enterprise Financial Services’s dividend payout ratio is currently 27.04%.
About Enterprise Financial Services
Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.
In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.
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