William Blair Investment Management LLC Has $33.51 Million Stock Holdings in Enterprise Financial Services Corporation $EFSC

William Blair Investment Management LLC decreased its holdings in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 577,965 shares of the bank’s stock after selling 35,054 shares during the period. William Blair Investment Management LLC owned about 1.56% of Enterprise Financial Services worth $33,510,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Jag Capital Management LLC raised its holdings in shares of 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 buying an additional 192 shares in the last quarter. Keybank National Association OH grew its position in Enterprise Financial Services by 4.2% in the third quarter. Keybank National Association OH now owns 8,001 shares of the bank’s stock valued at $464,000 after acquiring an additional 322 shares during the period. California State Teachers Retirement System grew its position in Enterprise Financial Services by 1.0% in the second quarter. California State Teachers Retirement System now owns 34,482 shares of the bank’s stock valued at $1,900,000 after acquiring an additional 345 shares during the period. F m Investments LLC raised its stake in Enterprise Financial Services by 0.5% during the second quarter. F m Investments LLC now owns 73,611 shares of the bank’s stock worth $4,056,000 after acquiring an additional 359 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Enterprise Financial Services by 20.6% during the third quarter. Federated Hermes Inc. now owns 2,631 shares of the bank’s stock valued at $153,000 after acquiring an additional 449 shares during the period. 72.21% of the stock is currently owned by institutional investors.

Enterprise Financial Services Stock Performance

Enterprise Financial Services stock opened at $57.10 on Monday. The company has a market cap of $2.11 billion, a PE ratio of 10.75 and a beta of 0.82. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35. Enterprise Financial Services Corporation has a 1 year low of $45.22 and a 1 year high of $62.30. The company’s 50-day moving average is $57.14 and its two-hundred day moving average is $56.84.

Enterprise Financial Services (NASDAQ:EFSC) last issued its quarterly earnings results on Monday, January 26th. The bank reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). Enterprise Financial Services had a return on equity of 10.74% and a net margin of 20.15%.The business had revenue of $190.95 million for the quarter, compared to analyst estimates of $188.54 million. Equities analysts anticipate that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, March 13th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.32. Enterprise Financial Services’s dividend payout ratio is presently 24.11%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Piper Sandler raised their price objective on shares of Enterprise Financial Services from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Weiss Ratings raised Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Finally, DA Davidson raised their price target on Enterprise Financial Services from $66.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Enterprise Financial Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

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.