Corient Private Wealth LP acquired a new stake in Enterprise Financial Services Corporation (NASDAQ:EFSC – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,438 shares of the bank’s stock, valued at approximately $2,598,000.
A number of other large investors have also made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake in Enterprise Financial Services by 929.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock valued at $35,000 after purchasing an additional 576 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Enterprise Financial Services in the 2nd quarter valued at about $60,000. Kestra Advisory Services LLC acquired a new stake in shares of Enterprise Financial Services during the 4th quarter worth about $99,000. Fifth Third Bancorp acquired a new stake in shares of Enterprise Financial Services during the 1st quarter worth about $109,000. Finally, Comerica Bank grew its holdings in shares of Enterprise Financial Services by 17.4% during the third quarter. Comerica Bank now owns 2,041 shares of the bank’s stock worth $118,000 after buying an additional 303 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.
Analyst Upgrades and Downgrades
EFSC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Raymond James Financial raised their target price on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Wall Street Zen cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Financial Services in a report on Friday, July 10th. Finally, Piper Sandler increased their price target on Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.00.
Enterprise Financial Services Stock Performance
Shares of NASDAQ:EFSC opened at $63.64 on Thursday. The business has a 50-day moving average of $65.54 and a two-hundred day moving average of $60.93. The firm has a market capitalization of $2.30 billion, a PE ratio of 12.65 and a beta of 0.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. Enterprise Financial Services Corporation has a 12 month low of $51.18 and a 12 month high of $68.73.
Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.13 earnings per share 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 9.70%. The firm had revenue of $187.37 million during the quarter, compared to analyst estimates of $189.15 million. As a group, research analysts forecast that Enterprise Financial Services Corporation will post 5.31 earnings per share for the current year.
Enterprise Financial Services Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, September 15th. Enterprise Financial Services’s dividend payout ratio is presently 27.04%.
Enterprise Financial Services Profile
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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