89,897 Shares in Enterprise Financial Services Corporation $EFSC Purchased by Emerald Investment Advisers LLC

Emerald Investment Advisers LLC acquired a new position in Enterprise Financial Services Corporation (NASDAQ:EFSC) during the 2nd quarter, HoldingsChannel reports. The fund acquired 89,897 shares of the bank’s stock, valued at approximately $5,922,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EFSC. Y Intercept Hong Kong Ltd grew its position in shares of Enterprise Financial Services by 2.7% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 8,352 shares of the bank’s stock valued at $452,000 after acquiring an additional 219 shares during the period. Federated Hermes Inc. raised its holdings in shares of Enterprise Financial Services by 9.8% in the 4th quarter. Federated Hermes Inc. now owns 2,890 shares of the bank’s stock worth $156,000 after purchasing an additional 259 shares during the period. Comerica Bank raised its holdings in shares of 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 purchasing an additional 303 shares during the period. Cetera Investment Advisers lifted its stake in Enterprise Financial Services by 3.7% in the first quarter. Cetera Investment Advisers now owns 9,434 shares of the bank’s stock valued at $510,000 after purchasing an additional 333 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in Enterprise Financial Services by 1.0% during the second quarter. California State Teachers Retirement System now owns 34,482 shares of the bank’s stock valued at $1,900,000 after purchasing an additional 345 shares during the period. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Financial Services Stock Down 0.5%

EFSC opened at $63.67 on Friday. Enterprise Financial Services Corporation has a 12 month low of $51.18 and a 12 month high of $68.73. The company has a market cap of $2.30 billion, a PE ratio of 12.66 and a beta of 0.79. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $65.51 and a 200 day moving average of $60.70.

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 analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $189.15 million. On average, sell-side analysts expect that Enterprise Financial Services Corporation will post 5.31 EPS for the current year.

Enterprise Financial Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.34. Enterprise Financial Services’s dividend payout ratio is presently 27.83%.

Analysts Set New Price Targets

A number of research firms have issued reports on EFSC. Piper Sandler raised their target price on Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Keefe, Bruyette & Woods increased their price target on Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Wall Street Zen lowered Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Finally, Raymond James Financial boosted their price objective 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. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.00.

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.