William Blair Investment Management LLC Has $33.51 Million Position in Enterprise Financial Services Corporation $EFSC

William Blair Investment Management LLC trimmed its position in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 5.7% during the third quarter, HoldingsChannel.com reports. The fund owned 577,965 shares of the bank’s stock after selling 35,054 shares during the period. William Blair Investment Management LLC’s holdings in Enterprise Financial Services were worth $33,510,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. First Horizon Corp bought a new stake in Enterprise Financial Services in the third quarter valued at approximately $26,000. EverSource Wealth Advisors LLC raised its stake 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 period. State of Alaska Department of Revenue bought a new position in Enterprise Financial Services during the third quarter worth about $92,000. Federated Hermes Inc. grew its stake in Enterprise Financial Services by 106.0% in the second quarter. Federated Hermes Inc. now owns 2,182 shares of the bank’s stock valued at $120,000 after acquiring an additional 1,123 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of 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 worth $148,000 after acquiring an additional 1,946 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on EFSC. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Piper Sandler upped their price target 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. Weiss Ratings raised shares of Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, DA Davidson boosted their price objective 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. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s 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 Price Performance

Shares of EFSC opened at $57.10 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.35. Enterprise Financial Services Corporation has a twelve month low of $45.22 and a twelve month high of $62.30. The stock has a market capitalization of $2.11 billion, a P/E ratio of 10.75 and a beta of 0.82. The company has a 50 day moving average of $57.14 and a 200-day moving average of $56.84.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, January 26th. The bank reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). Enterprise Financial Services had a return on equity of 10.74% and a net margin of 20.15%.The business had revenue of $190.95 million during the quarter, compared to the consensus estimate of $188.54 million. As a group, equities research analysts forecast that Enterprise Financial Services Corporation will post 4.97 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently announced 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 annualized dividend and a yield of 2.3%. Enterprise Financial Services’s dividend payout ratio is currently 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.