JPMorgan Chase & Co. Sells 22,502 Shares of Enterprise Financial Services Corporation $EFSC

JPMorgan Chase & Co. cut its holdings in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 394,320 shares of the bank’s stock after selling 22,502 shares during the quarter. JPMorgan Chase & Co. owned 1.07% of Enterprise Financial Services worth $22,863,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EFSC. Jag Capital Management LLC increased its stake in shares of Enterprise Financial Services by 1.7% in the 3rd quarter. Jag Capital Management LLC now owns 11,336 shares of the bank’s stock valued at $657,000 after acquiring an additional 192 shares in the last quarter. Comerica Bank boosted its stake in Enterprise Financial Services by 17.4% during the third quarter. Comerica Bank now owns 2,041 shares of the bank’s stock worth $118,000 after acquiring an additional 303 shares in the last quarter. Keybank National Association OH grew its holdings in Enterprise Financial Services by 4.2% in the third quarter. Keybank National Association OH now owns 8,001 shares of the bank’s stock worth $464,000 after purchasing an additional 322 shares during the period. California State Teachers Retirement System grew its holdings in Enterprise Financial Services by 1.0% in the second 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 period. Finally, F m Investments LLC increased its stake in Enterprise Financial Services by 0.5% in the second quarter. F m Investments LLC now owns 73,611 shares of the bank’s stock valued at $4,056,000 after purchasing an additional 359 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors.

Enterprise Financial Services Trading Down 0.4%

EFSC opened at $54.18 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. Enterprise Financial Services Corporation has a fifty-two week low of $45.22 and a fifty-two week high of $62.30. The firm has a market capitalization of $1.99 billion, a PE ratio of 10.20 and a beta of 0.82. The company’s 50-day moving average is $56.94 and its 200 day moving average is $56.21.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, January 26th. The bank reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). The company had revenue of $190.95 million for the quarter, compared to analyst estimates of $188.54 million. Enterprise Financial Services had a net margin of 20.15% and a return on equity of 10.57%. As a group, research analysts predict that Enterprise Financial Services Corporation will post 4.97 earnings per share 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 given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a dividend yield of 2.4%. Enterprise Financial Services’s payout ratio is presently 24.86%.

Analysts Set New Price Targets

EFSC has been the topic of several research reports. DA Davidson upped their price objective on shares of Enterprise Financial Services from $66.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings raised Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, Piper Sandler upped their price target on Enterprise Financial Services from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

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.