Hillsdale Investment Management Inc. Acquires 11,700 Shares of Enterprise Financial Services Corporation $EFSC

Hillsdale Investment Management Inc. grew its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 13.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,700 shares of the bank’s stock after purchasing an additional 11,700 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.27% of Enterprise Financial Services worth $5,897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of EFSC. Keybank National Association OH boosted its stake in Enterprise Financial Services by 4.2% in the 3rd quarter. Keybank National Association OH now owns 8,001 shares of the bank’s stock valued at $464,000 after buying an additional 322 shares in the last quarter. California State Teachers Retirement System raised its stake 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 worth $1,900,000 after acquiring an additional 345 shares in the last quarter. F m Investments LLC lifted its holdings in shares of Enterprise Financial Services by 0.5% during the second quarter. F m Investments LLC now owns 73,611 shares of the bank’s stock valued at $4,056,000 after acquiring an additional 359 shares during the period. Federated Hermes Inc. boosted its stake in shares of Enterprise Financial Services by 20.6% in the 3rd quarter. Federated Hermes Inc. now owns 2,631 shares of the bank’s stock valued at $153,000 after purchasing an additional 449 shares in the last quarter. Finally, First Horizon Corp bought a new stake in shares of Enterprise Financial Services in the 3rd quarter worth about $26,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Enterprise Financial Services Stock Performance

Shares of Enterprise Financial Services stock opened at $61.44 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $56.97 and a 200 day simple moving average of $56.74. Enterprise Financial Services Corporation has a fifty-two week low of $45.22 and a fifty-two week high of $62.30. The firm has a market cap of $2.27 billion, a P/E ratio of 11.57 and a beta of 0.84.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Monday, January 26th. The bank reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). The firm had revenue of $190.95 million during the quarter, compared to the consensus estimate of $188.54 million. Enterprise Financial Services had a net margin of 20.15% and a return on equity of 10.74%. Sell-side analysts predict that Enterprise Financial Services Corporation will post 4.97 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a $0.33 dividend. The ex-dividend date is Friday, March 13th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a yield of 2.1%. Enterprise Financial Services’s dividend payout ratio is 24.11%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EFSC shares. Weiss Ratings downgraded shares of Enterprise Financial Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 31st. DA Davidson raised their price objective on shares of Enterprise Financial Services from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Keefe, Bruyette & Woods reduced their target price on Enterprise Financial Services from $68.00 to $66.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Piper Sandler increased their price target on Enterprise Financial Services from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, Wall Street Zen raised Enterprise Financial Services from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.00.

About Enterprise Financial Services

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.