Healthcare of Ontario Pension Plan Trust Fund lowered its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC – Free Report) by 76.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 9,516 shares of the bank’s stock after selling 30,359 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Enterprise Financial Services were worth $515,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Enterprise Financial Services by 3,318.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 28,472 shares of the bank’s stock valued at $1,537,000 after acquiring an additional 27,639 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Enterprise Financial Services by 2.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 995,541 shares of the bank’s stock worth $53,759,000 after acquiring an additional 26,008 shares during the last quarter. Clayton Financial Group LLC bought a new stake in Enterprise Financial Services during the 4th quarter worth $540,000. Tudor Investment Corp ET AL acquired a new position in Enterprise Financial Services in the 3rd quarter worth about $1,211,000. Finally, AlphaQuest LLC increased its holdings in Enterprise Financial Services by 250.1% in the 4th quarter. AlphaQuest LLC now owns 49,847 shares of the bank’s stock worth $2,692,000 after purchasing an additional 35,611 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.
Enterprise Financial Services Price Performance
Shares of NASDAQ:EFSC opened at $66.31 on Monday. The firm has a market cap of $2.43 billion, a P/E ratio of 13.18 and a beta of 0.79. Enterprise Financial Services Corporation has a 12-month low of $51.18 and a 12-month high of $68.73. The business has a fifty day simple moving average of $64.17 and a 200 day simple moving average of $59.71. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.
Enterprise Financial Services Increases Dividend
The business also recently disclosed 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 is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Enterprise Financial Services’s payout ratio is presently 27.04%.
Analyst Ratings Changes
A number of brokerages have recently commented on EFSC. Weiss Ratings reissued a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Wall Street Zen downgraded Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Raymond James Financial raised their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Keefe, Bruyette & Woods lifted their target price on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Finally, Piper Sandler boosted their target price on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.00.
Get Our Latest Analysis on Enterprise Financial Services
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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