Northwestern Mutual Wealth Management Co. raised its position in Enterprise Financial Services Corporation (NASDAQ:EFSC – Free Report) by 3,318.0% in the 4th quarter, Holdings Channel reports. The fund owned 28,472 shares of the bank’s stock after purchasing an additional 27,639 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Enterprise Financial Services were worth $1,537,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of EFSC. EverSource Wealth Advisors LLC boosted its stake 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 valued at $35,000 after buying an additional 576 shares during the last quarter. First Horizon Corp boosted its stake in shares of Enterprise Financial Services by 55.6% during the 4th quarter. First Horizon Corp now owns 708 shares of the bank’s stock valued at $38,000 after buying an additional 253 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Enterprise Financial Services by 65.0% during the 4th quarter. Signaturefd LLC now owns 812 shares of the bank’s stock valued at $44,000 after buying an additional 320 shares during the last quarter. Comerica Bank boosted its stake in shares of Enterprise Financial Services by 17.4% during the 3rd quarter. Comerica Bank now owns 2,041 shares of the bank’s stock valued at $118,000 after buying an additional 303 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Enterprise Financial Services by 106.0% during the 2nd quarter. Federated Hermes Inc. now owns 2,182 shares of the bank’s stock valued at $120,000 after buying an additional 1,123 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.
Enterprise Financial Services Stock Performance
Shares of EFSC opened at $60.61 on Thursday. Enterprise Financial Services Corporation has a 12-month low of $51.18 and a 12-month high of $62.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84. The business’s fifty day moving average price is $57.44 and its 200 day moving average price is $56.55. The stock has a market capitalization of $2.22 billion, a PE ratio of 11.44 and a beta of 0.79.
Enterprise Financial Services Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.2%. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, June 15th. Enterprise Financial Services’s dividend payout ratio is 24.91%.
Insider Activity at Enterprise Financial Services
In other news, EVP Mark G. Ponder sold 1,250 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $60.55, for a total transaction of $75,687.50. Following the transaction, the executive vice president directly owned 23,526 shares of the company’s stock, valued at approximately $1,424,499.30. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.20% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods increased their target price on Enterprise Financial Services from $66.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Raymond James Financial assumed coverage on Enterprise Financial Services in a research note on Tuesday, April 28th. They set an “outperform” rating and a $65.00 target price for the company. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings upgraded Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Finally, Piper Sandler increased their target price on Enterprise Financial Services from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.00.
Check Out Our Latest Analysis on Enterprise Financial Services
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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