Enterprise Financial Services Corporation $EFSC Stock Holdings Raised by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,371,519 shares of the bank’s stock after purchasing an additional 13,956 shares during the period. Vanguard Group Inc. owned approximately 0.06% of Enterprise Financial Services worth $128,062,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. First Horizon Corp bought a new stake in Enterprise Financial Services in the third quarter valued at about $26,000. EverSource Wealth Advisors LLC lifted its holdings in Enterprise Financial Services by 929.0% during the 2nd 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. Signaturefd LLC lifted its holdings in Enterprise Financial Services by 65.0% during the 4th quarter. Signaturefd LLC now owns 812 shares of the bank’s stock worth $44,000 after buying an additional 320 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Enterprise Financial Services in the 3rd quarter worth approximately $92,000. Finally, Comerica Bank increased its holdings in shares of Enterprise Financial Services by 17.4% in the 3rd quarter. Comerica Bank now owns 2,041 shares of the bank’s stock valued at $118,000 after acquiring an additional 303 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Financial Services Price Performance

Shares of EFSC opened at $59.09 on Tuesday. Enterprise Financial Services Corporation has a 12 month low of $50.88 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 stock has a fifty day moving average price of $56.28 and a 200 day moving average price of $56.02. The company has a market cap of $2.16 billion, a P/E ratio of 11.15 and a beta of 0.79.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.01. The company had revenue of $113.74 million during the quarter, compared to the consensus estimate of $174.02 million. Enterprise Financial Services had a net margin of 19.81% and a return on equity of 10.35%. On average, research analysts forecast that Enterprise Financial Services Corporation will post 5.55 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.33. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 24.91%.

Analyst Upgrades and Downgrades

EFSC has been the topic of several research reports. DA Davidson upped their price target on Enterprise Financial Services from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Weiss Ratings upgraded shares of Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Piper Sandler raised their price target on shares of Enterprise Financial Services from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Raymond James Financial started coverage on shares of Enterprise Financial Services in a research report on Tuesday, April 28th. They set an “outperform” rating and a $65.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised their target price on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

Insider Transactions at Enterprise Financial Services

In other Enterprise Financial Services news, EVP Mark G. Ponder sold 1,250 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total value of $75,687.50. Following the completion of the transaction, the executive vice president owned 23,526 shares in the company, valued at approximately $1,424,499.30. This represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by insiders.

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.