Jupiter Topco LLC Takes $1.09 Million Position in Enterprise Financial Services Corporation $EFSC

Jupiter Topco LLC acquired a new position in Enterprise Financial Services Corporation (NASDAQ:EFSCFree Report) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 16,575 shares of the bank’s stock, valued at approximately $1,093,000.

A number of other large investors have also recently bought and sold shares of EFSC. Northwestern Mutual Wealth Management Co. increased its holdings in 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 worth $1,537,000 after buying an additional 27,639 shares during the period. Thrivent Financial for Lutherans lifted its stake 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 valued at $53,759,000 after acquiring an additional 26,008 shares during the period. Emerald Investment Advisers LLC purchased a new stake in shares of Enterprise Financial Services in the 2nd quarter valued at $5,922,000. Bank of America Corp DE boosted its holdings in shares of Enterprise Financial Services by 5.7% in the 1st quarter. Bank of America Corp DE now owns 397,357 shares of the bank’s stock valued at $21,501,000 after acquiring an additional 21,269 shares during the last quarter. Finally, AlphaQuest LLC increased its stake in shares of Enterprise Financial Services by 250.1% in the fourth quarter. AlphaQuest LLC now owns 49,847 shares of the bank’s stock worth $2,692,000 after acquiring an additional 35,611 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on EFSC shares. Wall Street Zen raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday. Keefe, Bruyette & Woods increased their price target on Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Raymond James Financial lifted their price objective on Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Piper Sandler boosted their price objective on Enterprise Financial Services from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Four equities research 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

Get Our Latest Analysis on EFSC

Enterprise Financial Services Trading Up 0.3%

Shares of EFSC stock opened at $64.66 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 12.85 and a beta of 0.78. The stock has a 50 day simple moving average of $65.48 and a 200-day simple moving average of $60.98. Enterprise Financial Services Corporation has a 1-year low of $51.18 and a 1-year high of $68.73.

Enterprise Financial Services (NASDAQ:EFSCGet Free Report) last announced its earnings results on Wednesday, July 22nd. The bank reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). The business had revenue of $187.37 million for the quarter, compared to analysts’ expectations of $189.15 million. Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. On average, equities research analysts expect that Enterprise Financial Services Corporation will post 5.31 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 2.2%. Enterprise Financial Services’s payout ratio is 27.04%.

About Enterprise Financial Services

(Free Report)

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.

See Also

Want to see what other hedge funds are holding EFSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enterprise Financial Services Corporation (NASDAQ:EFSCFree Report).

Institutional Ownership by Quarter for Enterprise Financial Services (NASDAQ:EFSC)

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