Denali Advisors LLC Acquires 14,900 Shares of Enterprise Financial Services Corporation $EFSC

Denali Advisors LLC lifted its holdings in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 11.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,800 shares of the bank’s stock after purchasing an additional 14,900 shares during the period. Enterprise Financial Services comprises approximately 0.8% of Denali Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Denali Advisors LLC owned 0.38% of Enterprise Financial Services worth $7,603,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Jag Capital Management LLC increased its holdings in Enterprise Financial Services by 1.7% in the 3rd quarter. Jag Capital Management LLC now owns 11,336 shares of the bank’s stock worth $657,000 after acquiring an additional 192 shares during the last quarter. First Horizon Corp increased its holdings in Enterprise Financial Services by 55.6% in the 4th quarter. First Horizon Corp now owns 708 shares of the bank’s stock worth $38,000 after acquiring an additional 253 shares during the last quarter. Comerica Bank increased its holdings in Enterprise Financial Services by 17.4% in the 3rd quarter. Comerica Bank now owns 2,041 shares of the bank’s stock worth $118,000 after acquiring an additional 303 shares during the last quarter. Signaturefd LLC increased its holdings in Enterprise Financial Services by 65.0% in the 4th quarter. Signaturefd LLC now owns 812 shares of the bank’s stock worth $44,000 after acquiring an additional 320 shares during the last quarter. Finally, Keybank National Association OH increased its holdings in Enterprise Financial Services by 4.2% in the 3rd quarter. Keybank National Association OH now owns 8,001 shares of the bank’s stock worth $464,000 after acquiring an additional 322 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Insiders Place Their Bets

In other Enterprise Financial Services news, EVP Mark G. Ponder sold 1,250 shares of Enterprise Financial Services stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $60.55, for a total transaction of $75,687.50. Following the completion of the transaction, the executive vice president owned 23,526 shares of the company’s stock, valued at $1,424,499.30. The trade was a 5.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by insiders.

Enterprise Financial Services Stock Up 0.5%

EFSC stock opened at $59.83 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.19 billion, a PE ratio of 11.29 and a beta of 0.79. Enterprise Financial Services Corporation has a twelve month low of $50.88 and a twelve month high of $62.30. The stock has a 50-day simple moving average of $56.26 and a two-hundred day simple moving average of $55.96.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Wednesday, April 22nd. The bank reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01. The business had revenue of $113.74 million during the quarter, compared to analyst estimates of $174.02 million. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%. On average, equities analysts predict that Enterprise Financial Services Corporation will post 5.55 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, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, June 15th. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.33. Enterprise Financial Services’s payout ratio is presently 24.91%.

Analysts Set New Price Targets

EFSC has been the subject of several recent research reports. Raymond James Financial initiated coverage on Enterprise Financial Services in a report on Tuesday, April 28th. They issued an “outperform” rating and a $65.00 price objective for the company. DA Davidson lifted their price objective on Enterprise Financial Services from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Wall Street Zen lowered Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday. Piper Sandler lifted their price objective on Enterprise Financial Services from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Finally, Keefe, Bruyette & Woods lifted their price objective 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 issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.00.

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.