Susquehanna Fundamental Investments LLC Purchases Shares of 21,603 Enterprise Financial Services Corporation $EFSC

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,603 shares of the bank’s stock, valued at approximately $1,423,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Enterprise Financial Services in the second quarter worth about $235,007,000. Wellington Management Group LLP boosted its stake in Enterprise Financial Services by 12.6% during the 4th quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank’s stock valued at $159,414,000 after purchasing an additional 329,346 shares during the period. Vanguard Group Inc. boosted its stake in Enterprise Financial Services by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,371,519 shares of the bank’s stock valued at $128,062,000 after purchasing an additional 13,956 shares during the period. Dimensional Fund Advisors LP grew its holdings in Enterprise Financial Services by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,188,766 shares of the bank’s stock valued at $118,435,000 after buying an additional 65,912 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Enterprise Financial Services by 6.0% in the 4th quarter. First Trust Advisors LP now owns 1,471,244 shares of the bank’s stock valued at $79,447,000 after buying an additional 83,626 shares during the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Enterprise Financial Services Trading Down 0.7%

Shares of EFSC opened at $62.80 on Wednesday. Enterprise Financial Services Corporation has a 12-month low of $51.18 and a 12-month high of $68.73. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 12.49 and a beta of 0.79. The stock’s 50-day moving average price is $65.58 and its 200 day moving average price is $60.91.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%.The firm had revenue of $187.37 million during the quarter, compared to the consensus estimate of $189.15 million. As a group, research analysts predict that Enterprise Financial Services Corporation will post 5.31 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, September 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. Enterprise Financial Services’s dividend payout ratio is currently 27.04%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EFSC. Keefe, Bruyette & Woods upped their price target on Enterprise Financial Services from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Raymond James Financial raised their price objective on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Piper Sandler boosted their target price on shares of 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 reiterated a “buy (b)” rating on shares of Enterprise Financial Services in a research note on Friday, July 10th. Finally, Wall Street Zen downgraded shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.