Enterprise Financial Services Corporation $EFSC is PL Capital Advisors LLC’s 3rd Largest Position

PL Capital Advisors LLC raised its holdings in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 4.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 733,329 shares of the bank’s stock after acquiring an additional 34,500 shares during the period. Enterprise Financial Services makes up approximately 12.5% of PL Capital Advisors LLC’s portfolio, making the stock its 3rd biggest position. PL Capital Advisors LLC’s holdings in Enterprise Financial Services were worth $39,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EFSC. AQR Capital Management LLC grew its holdings in Enterprise Financial Services by 14.5% in the 1st quarter. AQR Capital Management LLC now owns 58,539 shares of the bank’s stock valued at $3,146,000 after buying an additional 7,419 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Enterprise Financial Services by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,762 shares of the bank’s stock valued at $1,169,000 after buying an additional 698 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Enterprise Financial Services by 10.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,398 shares of the bank’s stock valued at $5,718,000 after buying an additional 9,816 shares during the period. Focus Partners Wealth grew its holdings in Enterprise Financial Services by 25.1% in the 1st quarter. Focus Partners Wealth now owns 5,398 shares of the bank’s stock valued at $290,000 after buying an additional 1,082 shares during the period. Finally, Intech Investment Management LLC grew its holdings in Enterprise Financial Services by 46.1% in the 1st quarter. Intech Investment Management LLC now owns 25,082 shares of the bank’s stock valued at $1,348,000 after buying an additional 7,909 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Insider Activity

In other Enterprise Financial Services news, EVP Mark G. Ponder sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $60.55, for a total value of $75,687.50. Following the transaction, the executive vice president directly owned 23,526 shares of the company’s stock, valued at $1,424,499.30. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the company. Piper Sandler lifted their price target on Enterprise Financial Services from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Raymond James Financial began coverage on Enterprise Financial Services in a report on Tuesday, April 28th. They set an “outperform” rating and a $65.00 target price for the company. DA Davidson boosted their target price on Enterprise Financial Services from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Keefe, Bruyette & Woods boosted their target price on Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Enterprise Financial Services has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

Enterprise Financial Services Stock Down 1.4%

NASDAQ EFSC opened at $60.61 on Thursday. The stock has a market cap of $2.22 billion, a PE ratio of 11.44 and a beta of 0.79. Enterprise Financial Services Corporation has a fifty-two week low of $51.18 and a fifty-two week high of $62.30. The business has a 50 day moving average price of $57.44 and a two-hundred day moving average price of $56.55. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.01. The firm had revenue of $113.74 million during the quarter, compared to analysts’ expectations of $174.02 million. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%. As a group, sell-side analysts predict that Enterprise Financial Services Corporation will post 5.55 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.33. Enterprise Financial Services’s dividend payout ratio is currently 24.91%.

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.