Quantinno Capital Management LP Acquires 32,545 Shares of Enterprise Financial Services Corporation $EFSC

Quantinno Capital Management LP boosted its holdings in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 371.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,295 shares of the bank’s stock after buying an additional 32,545 shares during the period. Quantinno Capital Management LP’s holdings in Enterprise Financial Services were worth $2,235,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of Enterprise Financial Services by 14.5% during the 1st quarter. AQR Capital Management LLC now owns 58,539 shares of the bank’s stock valued at $3,146,000 after acquiring an additional 7,419 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Enterprise Financial Services by 3.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,762 shares of the bank’s stock worth $1,169,000 after purchasing an additional 698 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Enterprise Financial Services by 10.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 106,398 shares of the bank’s stock worth $5,718,000 after purchasing an additional 9,816 shares during the period. Focus Partners Wealth grew its stake in shares of Enterprise Financial Services by 25.1% during the first quarter. Focus Partners Wealth now owns 5,398 shares of the bank’s stock worth $290,000 after purchasing an additional 1,082 shares during the period. Finally, Intech Investment Management LLC increased its holdings in Enterprise Financial Services by 46.1% in the first quarter. Intech Investment Management LLC now owns 25,082 shares of the bank’s stock valued at $1,348,000 after purchasing an additional 7,909 shares during the last quarter. 72.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on EFSC. Raymond James Financial increased their target price on Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods upped their price target on Enterprise Financial Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Wall Street Zen downgraded shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Finally, Piper Sandler lifted their price objective on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Enterprise Financial Services currently has an average rating of “Moderate Buy” and an average price target of $70.00.

Enterprise Financial Services Trading Down 0.3%

NASDAQ EFSC opened at $65.68 on Tuesday. The firm has a market cap of $2.38 billion, a P/E ratio of 13.06 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s 50-day moving average is $64.88 and its 200-day moving average is $60.19. Enterprise Financial Services Corporation has a one year low of $51.18 and a one year high of $68.73.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.20). Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.70%. The business had revenue of $187.37 million during the quarter, compared to analyst estimates of $189.15 million. Sell-side analysts anticipate that Enterprise Financial Services Corporation will post 5.31 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.1%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, September 15th. Enterprise Financial Services’s dividend payout ratio is currently 27.04%.

Enterprise Financial Services 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.