Hillsdale Investment Management Inc. Has $5.90 Million Stake in Enterprise Financial Services Corporation $EFSC

Hillsdale Investment Management Inc. increased its holdings in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 13.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,700 shares of the bank’s stock after buying an additional 11,700 shares during the period. Hillsdale Investment Management Inc.’s holdings in Enterprise Financial Services were worth $5,897,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EFSC. Keybank National Association OH grew its holdings in Enterprise Financial Services by 4.2% during the 3rd quarter. Keybank National Association OH now owns 8,001 shares of the bank’s stock worth $464,000 after acquiring an additional 322 shares during the period. California State Teachers Retirement System boosted its position in shares of Enterprise Financial Services by 1.0% in the 2nd quarter. California State Teachers Retirement System now owns 34,482 shares of the bank’s stock worth $1,900,000 after purchasing an additional 345 shares during the last quarter. F m Investments LLC boosted its position in shares of Enterprise Financial Services by 0.5% in the 2nd quarter. F m Investments LLC now owns 73,611 shares of the bank’s stock worth $4,056,000 after purchasing an additional 359 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Enterprise Financial Services by 20.6% during the third quarter. Federated Hermes Inc. now owns 2,631 shares of the bank’s stock worth $153,000 after purchasing an additional 449 shares during the period. Finally, First Horizon Corp bought a new stake in Enterprise Financial Services in the third quarter valued at about $26,000. 72.21% of the stock is owned by institutional investors.

Enterprise Financial Services Stock Performance

Shares of EFSC opened at $61.44 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 0.88. Enterprise Financial Services Corporation has a twelve month low of $45.22 and a twelve month high of $62.30. The firm’s 50 day moving average price is $56.97 and its two-hundred day moving average price is $56.74. The firm has a market cap of $2.27 billion, a P/E ratio of 11.57 and a beta of 0.84.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Monday, January 26th. The bank reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). The company had revenue of $190.95 million for 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, analysts forecast that Enterprise Financial Services Corporation will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.33 per share. The ex-dividend date is Friday, March 13th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.1%. Enterprise Financial Services’s dividend payout ratio is 24.11%.

Wall Street Analysts Forecast Growth

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

Enterprise Financial Services Company Profile

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.