NFJ Investment Group LLC Takes Position in Enterprise Financial Services Corporation $EFSC

NFJ Investment Group LLC bought a new stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 90,965 shares of the bank’s stock, valued at approximately $5,993,000. NFJ Investment Group LLC owned approximately 0.25% of Enterprise Financial Services as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of EFSC. EverSource Wealth Advisors LLC increased its stake in Enterprise Financial Services by 929.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock worth $35,000 after buying an additional 576 shares in the last quarter. First Horizon Corp lifted its position in shares of Enterprise Financial Services by 55.6% in the fourth quarter. First Horizon Corp now owns 708 shares of the bank’s stock valued at $38,000 after acquiring an additional 253 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Enterprise Financial Services in the fourth quarter worth about $99,000. Fifth Third Bancorp bought a new position in shares of Enterprise Financial Services in the first quarter worth about $109,000. Finally, Comerica Bank grew its position in shares of 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 purchasing an additional 303 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Piper Sandler lifted their target price on Enterprise Financial Services from $67.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Wall Street Zen downgraded Enterprise Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a report on Friday, July 10th. Keefe, Bruyette & Woods increased their price objective on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Raymond James Financial lifted their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Four investment 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.00.

Enterprise Financial Services Stock Up 0.7%

EFSC opened at $64.01 on Friday. The company has a market capitalization of $2.32 billion, a PE ratio of 12.73 and a beta of 0.79. The firm has a 50-day simple moving average of $65.52 and a two-hundred day simple moving average of $60.68. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. Enterprise Financial Services Corporation has a 52 week low of $51.18 and a 52 week high of $68.73.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results 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). The firm had revenue of $187.37 million during the quarter, compared to the consensus estimate of $189.15 million. Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%. Analysts forecast that Enterprise Financial Services Corporation will post 5.31 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.35 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.40 annualized dividend and a yield of 2.2%. This is a boost from Enterprise Financial Services’s previous quarterly dividend of $0.34. Enterprise Financial Services’s dividend payout ratio (DPR) is 27.04%.

Enterprise Financial Services Company 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.