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

Endeavour Capital Advisors Inc. lifted its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 24.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,314 shares of the bank’s stock after acquiring an additional 17,561 shares during the quarter. Enterprise Financial Services makes up approximately 1.5% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 22nd largest position. Endeavour Capital Advisors Inc. owned approximately 0.24% of Enterprise Financial Services worth $5,120,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EFSC. First Horizon Corp bought a new stake in shares of Enterprise Financial Services during the 3rd quarter worth approximately $26,000. EverSource Wealth Advisors LLC increased its holdings in 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 bought a new stake in Enterprise Financial Services during the third quarter worth $92,000. Federated Hermes Inc. raised its position in 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 acquiring an additional 1,123 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Enterprise Financial Services by 323.8% in the third 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 and hedge funds.

Analyst Upgrades and Downgrades

EFSC has been the topic of several recent analyst reports. DA Davidson upped their target price on shares of Enterprise Financial Services from $66.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Wall Street Zen raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Keefe, Bruyette & Woods reduced their price objective 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, October 29th. Piper Sandler increased their price objective on shares of Enterprise Financial Services from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. 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 investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.00.

Enterprise Financial Services Stock Down 0.3%

EFSC stock opened at $61.07 on Thursday. Enterprise Financial Services Corporation has a 52 week low of $45.22 and a 52 week high of $62.30. The business has a 50-day simple moving average of $56.81 and a 200 day simple moving average of $56.65. 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 cap of $2.26 billion, a PE ratio of 11.50 and a beta of 0.84.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, January 26th. The bank reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). The firm had revenue of $190.95 million during the quarter, compared to analyst estimates of $188.54 million. Enterprise Financial Services had a net margin of 20.15% and a return on equity of 10.74%. Sell-side analysts anticipate that Enterprise Financial Services Corporation will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

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