Jupiter Topco LLC acquired a new position in Enterprise Financial Services Corporation (NASDAQ:EFSC – Free 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.
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:EFSC – Get 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
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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