Endeavour Capital Advisors Inc. Has $5.12 Million Stake in Enterprise Financial Services Corporation $EFSC

Endeavour Capital Advisors Inc. raised its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 24.8% in the third quarter, Holdings Channel reports. The fund owned 88,314 shares of the bank’s stock after purchasing an additional 17,561 shares during the quarter. Enterprise Financial Services accounts for approximately 1.5% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 22nd largest holding. Endeavour Capital Advisors Inc.’s holdings in Enterprise Financial Services were worth $5,120,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EFSC. First Horizon Corp acquired a new position in Enterprise Financial Services during the 3rd quarter worth approximately $26,000. EverSource Wealth Advisors LLC grew its stake in shares of Enterprise Financial Services by 929.0% during the second quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock worth $35,000 after buying an additional 576 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Enterprise Financial Services during the third quarter worth $92,000. Federated Hermes Inc. increased its holdings in shares of Enterprise Financial Services by 106.0% during the second quarter. Federated Hermes Inc. now owns 2,182 shares of the bank’s stock worth $120,000 after buying an additional 1,123 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Enterprise Financial Services by 323.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,547 shares of the bank’s stock valued at $148,000 after acquiring an additional 1,946 shares during the last quarter. 72.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EFSC. Keefe, Bruyette & Woods reduced their price objective on Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Piper Sandler boosted their price target on Enterprise Financial Services from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Weiss Ratings lowered shares of Enterprise Financial Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 31st. DA Davidson boosted their target price on shares of Enterprise Financial Services from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Wall Street Zen upgraded shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Enterprise Financial Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.00.

Enterprise Financial Services Price Performance

Shares of NASDAQ EFSC opened at $61.07 on Thursday. The company has a market capitalization of $2.26 billion, a PE ratio of 11.50 and a beta of 0.84. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.35. Enterprise Financial Services Corporation has a twelve month low of $45.22 and a twelve month high of $62.30. The firm has a fifty day simple moving average of $56.81 and a 200 day simple moving average of $56.65.

Enterprise Financial Services (NASDAQ:EFSC) last posted its quarterly earnings data on Monday, January 26th. The bank reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.01). The business had revenue of $190.95 million during the quarter, compared to the consensus estimate of $188.54 million. Enterprise Financial Services had a return on equity of 10.74% and a net margin of 20.15%. On average, sell-side analysts forecast that Enterprise Financial Services Corporation will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.2%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, March 13th. Enterprise Financial Services’s payout ratio is presently 24.11%.

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.