Sei Investments Co. Boosts Stake in Enterprise Financial Services Corporation $EFSC

Sei Investments Co. boosted its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 15.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 79,512 shares of the bank’s stock after purchasing an additional 10,444 shares during the period. Sei Investments Co.’s holdings in Enterprise Financial Services were worth $4,302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in Enterprise Financial Services by 12.6% in the fourth 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. Millennium Management LLC boosted its position in shares of Enterprise Financial Services by 2,090.9% during the fourth quarter. Millennium Management LLC now owns 105,077 shares of the bank’s stock worth $5,674,000 after buying an additional 100,281 shares during the period. Endeavour Capital Advisors Inc. grew its stake in shares of Enterprise Financial Services by 109.8% in the fourth quarter. Endeavour Capital Advisors Inc. now owns 185,240 shares of the bank’s stock valued at $10,003,000 after buying an additional 96,926 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Enterprise Financial Services by 6.0% in the fourth 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of 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 period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Down 0.6%

Shares of NASDAQ EFSC opened at $66.88 on Thursday. The stock has a market cap of $2.42 billion, a P/E ratio of 13.30 and a beta of 0.79. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35. Enterprise Financial Services Corporation has a 12-month low of $51.18 and a 12-month high of $68.73. The business’s fifty day simple moving average is $64.53 and its 200-day simple moving average is $59.96.

Enterprise Financial Services (NASDAQ:EFSC) last released 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 company had revenue of $187.37 million during the quarter, compared to analysts’ expectations of $189.15 million. As a group, equities analysts predict that Enterprise Financial Services Corporation will post 5.31 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. 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 (DPR) is 27.04%.

Analysts Set New Price Targets

EFSC has been the topic of several research reports. Piper Sandler increased their target price on Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note 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. Raymond James Financial boosted their price target 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. Keefe, Bruyette & Woods raised their price objective on shares of Enterprise Financial Services from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, Wall Street Zen cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.00.

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.