Wakefield Asset Management LLLP Makes New $1.09 Million Investment in Enterprise Financial Services Corporation $EFSC

Wakefield Asset Management LLLP acquired a new position in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,692 shares of the bank’s stock, valued at approximately $1,085,000.

Several other institutional investors have also recently bought and sold shares of EFSC. Wealth Enhancement Advisory Services LLC raised its holdings in Enterprise Financial Services by 4.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,640 shares of the bank’s stock worth $411,000 after buying an additional 302 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Enterprise Financial Services by 53.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,232 shares of the bank’s stock worth $334,000 after buying an additional 2,182 shares during the last quarter. KBC Group NV acquired a new position in Enterprise Financial Services during the first quarter worth $117,000. Principal Financial Group Inc. raised its holdings in Enterprise Financial Services by 11.4% during the first quarter. Principal Financial Group Inc. now owns 19,214 shares of the bank’s stock worth $1,033,000 after buying an additional 1,962 shares during the last quarter. Finally, Alps Advisors Inc. acquired a new position in Enterprise Financial Services during the first quarter worth $341,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Insider Transactions at Enterprise Financial Services

In related news, Director Michael E. Finn acquired 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average price of $54.11 per share, for a total transaction of $81,165.00. Following the completion of the acquisition, the director owned 3,000 shares of the company’s stock, valued at approximately $162,330. This represents a 100.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Enterprise Financial Services Stock Performance

Shares of EFSC stock opened at $52.37 on Friday. The firm has a 50-day moving average of $58.03 and a 200-day moving average of $55.70. The company has a market cap of $1.94 billion, a P/E ratio of 10.19 and a beta of 0.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.88 and a quick ratio of 0.88. Enterprise Financial Services Corporation has a one year low of $45.22 and a one year high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, October 27th. The bank reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.10). Enterprise Financial Services had a return on equity of 10.98% and a net margin of 19.98%.The company had revenue of ($325.26) million for the quarter, compared to analysts’ expectations of $176.52 million. Equities research analysts forecast that Enterprise Financial Services Corporation will post 4.97 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, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.4%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, December 15th. Enterprise Financial Services’s dividend payout ratio is 24.90%.

Wall Street Analysts Forecast Growth

EFSC has been the topic of several research reports. DA Davidson restated a “buy” rating and set a $69.00 price objective on shares of Enterprise Financial Services in a report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Enterprise Financial Services in a report on Friday. Keefe, Bruyette & Woods lowered their target price on shares of Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating for the company in a report on Wednesday. Piper Sandler lowered their target price on shares of Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Wall Street Zen downgraded shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

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.