Cornercap Investment Counsel Inc. Sells 530 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

Cornercap Investment Counsel Inc. decreased its holdings in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,071 shares of the bank’s stock after selling 530 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Enterprise Financial Services were worth $1,075,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its holdings in Enterprise Financial Services by 48.8% during the third quarter. Public Employees Retirement System of Ohio now owns 723 shares of the bank’s stock worth $32,000 after purchasing an additional 237 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Enterprise Financial Services by 29.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,061 shares of the bank’s stock worth $52,000 after purchasing an additional 243 shares during the last quarter. Jane Street Group LLC boosted its holdings in Enterprise Financial Services by 3.5% during the third quarter. Jane Street Group LLC now owns 7,269 shares of the bank’s stock worth $320,000 after purchasing an additional 249 shares during the last quarter. Bank of Montreal Can boosted its holdings in Enterprise Financial Services by 5.0% during the second quarter. Bank of Montreal Can now owns 5,513 shares of the bank’s stock worth $237,000 after purchasing an additional 265 shares during the last quarter. Finally, Claris Advisors LLC MO boosted its holdings in Enterprise Financial Services by 5.7% during the third quarter. Claris Advisors LLC MO now owns 5,605 shares of the bank’s stock worth $210,000 after purchasing an additional 302 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analysts Set New Price Targets

EFSC has been the subject of several recent research reports. Piper Sandler reduced their target price on shares of Enterprise Financial Services from $48.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. Keefe, Bruyette & Woods cut their price target on shares of Enterprise Financial Services from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Wednesday, January 24th.

Enterprise Financial Services Price Performance

Shares of EFSC opened at $38.33 on Tuesday. The firm has a market capitalization of $1.44 billion, a PE ratio of 7.55 and a beta of 0.99. The company’s 50-day moving average is $39.51 and its 200-day moving average is $39.98. Enterprise Financial Services Corp has a fifty-two week low of $32.97 and a fifty-two week high of $46.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.92.

Enterprise Financial Services (NASDAQ:EFSC) last released its quarterly earnings results on Monday, January 22nd. The bank reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.02. Enterprise Financial Services had a net margin of 23.28% and a return on equity of 12.54%. The business had revenue of $166.18 million for the quarter, compared to analyst estimates of $157.53 million. Equities analysts forecast that Enterprise Financial Services Corp will post 4.47 EPS for the current year.

Enterprise Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Thursday, March 14th. Enterprise Financial Services’s dividend payout ratio is 19.69%.

Enterprise Financial Services Company Profile

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.