Hudson Edge Investment Partners Inc. Purchases Shares of 14,567 Enterprise Financial Services Corporation $EFSC

Hudson Edge Investment Partners Inc. acquired a new stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,567 shares of the bank’s stock, valued at approximately $845,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in Enterprise Financial Services by 1.5% in the 2nd quarter. First Trust Advisors LP now owns 1,422,965 shares of the bank’s stock worth $78,405,000 after buying an additional 20,794 shares during the period. Geode Capital Management LLC boosted its holdings in Enterprise Financial Services by 0.8% in the second quarter. Geode Capital Management LLC now owns 934,727 shares of the bank’s stock worth $51,510,000 after acquiring an additional 7,726 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Enterprise Financial Services by 5.9% during the second quarter. Jennison Associates LLC now owns 605,723 shares of the bank’s stock valued at $33,375,000 after acquiring an additional 33,641 shares in the last quarter. Western Financial Corp CA raised its position in shares of Enterprise Financial Services by 9.1% in the 3rd quarter. Western Financial Corp CA now owns 582,933 shares of the bank’s stock worth $33,798,000 after purchasing an additional 48,391 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Enterprise Financial Services by 350.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 392,878 shares of the bank’s stock worth $21,647,000 after purchasing an additional 305,694 shares in the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on EFSC. Piper Sandler reduced their target price on Enterprise Financial Services from $64.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. 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. Keefe, Bruyette & Woods dropped their target price on shares of 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 reissued a “buy” rating and issued a $69.00 price objective on shares of Enterprise Financial Services in a report on Tuesday, October 28th. Finally, Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.67.

Enterprise Financial Services Stock Performance

Shares of EFSC stock opened at $57.89 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.88. The business has a fifty day moving average of $55.07 and a 200 day moving average of $56.41. Enterprise Financial Services Corporation has a 1 year low of $45.22 and a 1 year high of $62.60. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 11.26 and a beta of 0.84.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, October 27th. The bank reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.10). Enterprise Financial Services had a net margin of 19.98% and a return on equity of 10.82%. The company had revenue of $177.84 million during the quarter, compared to analyst estimates of $176.52 million. As a group, research analysts expect that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, December 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.2%. Enterprise Financial Services’s payout ratio is currently 24.90%.

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.