Oppenheimer Asset Management Inc. Lowers Stock Position in Enterprise Financial Services Corporation $EFSC

Oppenheimer Asset Management Inc. trimmed its holdings in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 15.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,169 shares of the bank’s stock after selling 4,608 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.07% of Enterprise Financial Services worth $1,442,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in Enterprise Financial Services during the first quarter worth $32,000. PNC Financial Services Group Inc. raised its position in shares of Enterprise Financial Services by 302.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 793 shares of the bank’s stock worth $43,000 after acquiring an additional 596 shares in the last quarter. CWM LLC lifted its stake in shares of Enterprise Financial Services by 83.6% during the 1st quarter. CWM LLC now owns 1,252 shares of the bank’s stock worth $67,000 after purchasing an additional 570 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Enterprise Financial Services during the 2nd quarter worth $70,000. Finally, Picton Mahoney Asset Management bought a new stake in Enterprise Financial Services during the first quarter valued at about $71,000. Institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Up 0.2%

EFSC stock opened at $52.49 on Friday. The firm has a 50 day moving average of $58.19 and a 200 day moving average of $55.61. The stock has a market capitalization of $1.94 billion, a PE ratio of 10.21 and a beta of 0.88. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.36. Enterprise Financial Services Corporation has a 52 week low of $45.22 and a 52 week high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, October 27th. The bank reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.10). The company had revenue of ($325.26) million for the quarter, compared to analyst estimates of $176.52 million. Enterprise Financial Services had a net margin of 19.98% and a return on equity of 10.98%. Sell-side analysts forecast that Enterprise Financial Services Corporation will post 4.97 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 Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.31. Enterprise Financial Services’s payout ratio is currently 24.12%.

Wall Street Analyst Weigh In

Several research firms have commented on EFSC. Wall Street Zen raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods decreased their target price on shares of Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating for the company in a research report on Wednesday. DA Davidson restated a “buy” rating and issued a $69.00 target price on shares of Enterprise Financial Services in a research note on Tuesday. Finally, Piper Sandler reduced their price target on Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Enterprise Financial Services has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

Insider Transactions at Enterprise Financial Services

In other news, Director Michael E. Finn purchased 1,500 shares of the stock in a transaction on Monday, August 4th. The stock was bought at an average price of $54.11 per share, with a total value of $81,165.00. Following the transaction, the director owned 3,000 shares in the company, valued at $162,330. The trade was a 100.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is owned by company insiders.

Enterprise Financial Services Profile

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.