SG Americas Securities LLC Grows Stock Holdings in Enterprise Financial Services Corporation $EFSC

SG Americas Securities LLC increased its position in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 102.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 33,931 shares of the bank’s stock after buying an additional 17,188 shares during the period. SG Americas Securities LLC’s holdings in Enterprise Financial Services were worth $1,967,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EFSC. Western Financial Corp CA boosted its stake in Enterprise Financial Services by 9.1% in the 3rd quarter. Western Financial Corp CA now owns 582,933 shares of the bank’s stock worth $33,798,000 after purchasing an additional 48,391 shares during the period. Boston Partners lifted its holdings in shares of Enterprise Financial Services by 141.7% in the second quarter. Boston Partners now owns 107,910 shares of the bank’s stock worth $5,946,000 after buying an additional 63,261 shares in the last quarter. Acropolis Investment Management LLC boosted its position in shares of Enterprise Financial Services by 161.5% during the third quarter. Acropolis Investment Management LLC now owns 31,480 shares of the bank’s stock worth $1,735,000 after acquiring an additional 19,440 shares during the last quarter. AlphaQuest LLC grew its stake in Enterprise Financial Services by 4,855.5% during the second quarter. AlphaQuest LLC now owns 7,681 shares of the bank’s stock valued at $423,000 after acquiring an additional 7,526 shares in the last quarter. Finally, Bailard Inc. purchased a new position in Enterprise Financial Services during the second quarter valued at $303,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Trading Up 1.3%

Shares of NASDAQ EFSC opened at $55.03 on Thursday. Enterprise Financial Services Corporation has a 1-year low of $45.22 and a 1-year high of $62.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.88. The business’s 50 day moving average is $54.78 and its two-hundred day moving average is $56.42. The stock has a market capitalization of $2.04 billion, a P/E ratio of 10.71 and a beta of 0.84.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, October 27th. The bank reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.10). The company had revenue of $177.84 million during the quarter, compared to analysts’ expectations of $176.52 million. Enterprise Financial Services had a return on equity of 10.82% and a net margin of 19.98%. As a group, research analysts expect that Enterprise Financial Services Corporation will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, December 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 2.3%. Enterprise Financial Services’s payout ratio is presently 24.90%.

Wall Street Analysts Forecast Growth

EFSC has been the topic of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Piper Sandler decreased their target price on Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Weiss Ratings cut Enterprise Financial Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 31st. Wall Street Zen raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Finally, DA Davidson reiterated a “buy” rating and set a $69.00 target price on shares of Enterprise Financial Services in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.67.

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.