Enterprise Financial Services Corporation $EFSC Shares Purchased by Vest Financial LLC

Vest Financial LLC grew its holdings in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 18.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 90,130 shares of the bank’s stock after buying an additional 14,264 shares during the period. Vest Financial LLC’s holdings in Enterprise Financial Services were worth $5,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of EFSC. Western Financial Corp CA increased its holdings in shares of Enterprise Financial Services by 9.1% in the 3rd quarter. Western Financial Corp CA now owns 582,933 shares of the bank’s stock valued at $33,798,000 after purchasing an additional 48,391 shares in the last quarter. Boston Partners grew its position in Enterprise Financial Services by 141.7% during 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 during the period. Acropolis Investment Management LLC increased its holdings in Enterprise Financial Services by 161.5% in the third quarter. Acropolis Investment Management LLC now owns 31,480 shares of the bank’s stock valued at $1,735,000 after buying an additional 19,440 shares in the last quarter. AlphaQuest LLC increased its holdings in Enterprise Financial Services by 4,855.5% in the second quarter. AlphaQuest LLC now owns 7,681 shares of the bank’s stock valued at $423,000 after buying an additional 7,526 shares in the last quarter. Finally, Bailard Inc. purchased a new stake in shares of Enterprise Financial Services during the 2nd quarter worth approximately $303,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Piper Sandler dropped their price objective on Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods dropped their price target on Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. DA Davidson reaffirmed a “buy” rating and set a $69.00 price target on shares of Enterprise Financial Services in a research note on Tuesday, October 28th. Wall Street Zen raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Weiss Ratings downgraded shares of Enterprise Financial Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 31st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Enterprise Financial Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

Enterprise Financial Services Stock Up 5.1%

Shares of NASDAQ:EFSC opened at $57.89 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $2.14 billion, a P/E ratio of 11.26 and a beta of 0.84. Enterprise Financial Services Corporation has a 52-week low of $45.22 and a 52-week high of $62.60. The stock’s fifty day simple moving average is $55.07 and its 200-day simple moving average is $56.41.

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

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.2%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.31. The ex-dividend date was Monday, December 15th. Enterprise Financial Services’s dividend payout ratio (DPR) is 24.90%.

Enterprise Financial Services Company 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.