PL Capital Advisors LLC increased its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC – Free Report) by 0.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 787,829 shares of the bank’s stock after purchasing an additional 7,000 shares during the quarter. Enterprise Financial Services makes up approximately 12.4% of PL Capital Advisors LLC’s investment portfolio, making the stock its 2nd largest position. PL Capital Advisors LLC owned about 2.11% of Enterprise Financial Services worth $35,129,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in EFSC. Sei Investments Co. grew its holdings in Enterprise Financial Services by 6.0% in the 4th quarter. Sei Investments Co. now owns 101,476 shares of the bank’s stock valued at $4,968,000 after buying an additional 5,764 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Enterprise Financial Services in the fourth quarter valued at about $202,000. Jennison Associates LLC increased its position in Enterprise Financial Services by 20.0% during the fourth quarter. Jennison Associates LLC now owns 1,301,703 shares of the bank’s stock worth $63,731,000 after purchasing an additional 217,302 shares during the last quarter. Busey Wealth Management purchased a new stake in shares of Enterprise Financial Services during the 4th quarter valued at approximately $425,000. Finally, Connable Office Inc. lifted its stake in shares of Enterprise Financial Services by 15.8% in the 1st quarter. Connable Office Inc. now owns 9,373 shares of the bank’s stock valued at $418,000 after purchasing an additional 1,276 shares during the last quarter. 73.50% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on EFSC. Piper Sandler reduced their price objective on shares of Enterprise Financial Services from $54.00 to $48.00 in a report on Wednesday, April 26th. StockNews.com started coverage on shares of Enterprise Financial Services in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, Raymond James dropped their target price on shares of Enterprise Financial Services from $52.00 to $50.00 in a report on Wednesday, April 26th.
Insider Buying and Selling
In related news, Director Stephen P. Marsh acquired 2,473 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was acquired at an average price of $40.40 per share, for a total transaction of $99,909.20. Following the purchase, the director now owns 47,540 shares of the company’s stock, valued at approximately $1,920,616. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.80% of the stock is currently owned by insiders.
Enterprise Financial Services Trading Down 2.0 %
NASDAQ:EFSC traded down $0.86 on Friday, reaching $42.69. 124,620 shares of the company’s stock were exchanged, compared to its average volume of 171,034. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 7.69 and a beta of 1.08. Enterprise Financial Services Corp has a 52-week low of $36.16 and a 52-week high of $56.35. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average of $40.96 and a 200-day moving average of $45.78.
Enterprise Financial Services (NASDAQ:EFSC – Get Free Report) last released its earnings results on Tuesday, April 25th. The bank reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.09. Enterprise Financial Services had a net margin of 33.24% and a return on equity of 14.73%. The company had revenue of $185.93 million for the quarter, compared to analyst estimates of $154.13 million. During the same period in the prior year, the business earned $1.23 EPS. As a group, analysts expect that Enterprise Financial Services Corp will post 5.35 earnings per share for the current year.
Enterprise Financial Services Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were issued a $0.25 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.34%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 18.02%.
Enterprise Financial Services Company Profile
Enterprise Financial Services Corp operates as the financial holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers. It offers checking, savings, and money market accounts, and certificates of deposit. The company also provides commercial and industrial, commercial real estate, construction and land development, residential real estate, agricultural, and consumer loans.
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