Fisher Asset Management LLC Lowers Stock Holdings in Enterprise Financial Services Corporation $EFSC

Fisher Asset Management LLC reduced its stake in Enterprise Financial Services Corporation (NASDAQ:EFSC) by 17.2% during the 4th quarter, HoldingsChannel reports. The firm owned 133,166 shares of the bank’s stock after selling 27,705 shares during the period. Fisher Asset Management LLC’s holdings in Enterprise Financial Services were worth $7,191,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of Enterprise Financial Services by 929.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock valued at $35,000 after purchasing an additional 576 shares during the last quarter. First Horizon Corp grew its stake in shares of Enterprise Financial Services by 55.6% in the 4th quarter. First Horizon Corp now owns 708 shares of the bank’s stock valued at $38,000 after purchasing an additional 253 shares during the last quarter. Signaturefd LLC grew its stake in shares of Enterprise Financial Services by 65.0% in the 4th quarter. Signaturefd LLC now owns 812 shares of the bank’s stock valued at $44,000 after purchasing an additional 320 shares during the last quarter. Comerica Bank grew its stake in shares of Enterprise Financial Services by 17.4% in the 3rd quarter. Comerica Bank now owns 2,041 shares of the bank’s stock valued at $118,000 after purchasing an additional 303 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Enterprise Financial Services by 106.0% in the 2nd quarter. Federated Hermes Inc. now owns 2,182 shares of the bank’s stock valued at $120,000 after purchasing an additional 1,123 shares during the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Enterprise Financial Services Stock Down 0.5%

EFSC opened at $60.28 on Friday. The business’s fifty day moving average is $57.59 and its two-hundred day moving average is $56.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 11.37 and a beta of 0.79. Enterprise Financial Services Corporation has a one year low of $51.18 and a one year high of $62.30.

Enterprise Financial Services (NASDAQ:EFSC) last posted its earnings results on Wednesday, April 22nd. The bank reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.01. The company had revenue of $113.74 million for the quarter, compared to the consensus estimate of $174.02 million. Enterprise Financial Services had a return on equity of 10.35% and a net margin of 19.81%. Analysts anticipate that Enterprise Financial Services Corporation will post 5.55 EPS for the current fiscal year.

Enterprise Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.34 per share. The ex-dividend date is Monday, June 15th. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a yield of 2.3%. Enterprise Financial Services’s dividend payout ratio (DPR) is presently 24.91%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Raymond James Financial assumed coverage on Enterprise Financial Services in a research note on Tuesday, April 28th. They issued an “outperform” rating and a $65.00 target price on the stock. Keefe, Bruyette & Woods lifted their target price on Enterprise Financial Services from $66.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings upgraded Enterprise Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen upgraded Enterprise Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Four investment 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.00.

Insider Buying and Selling

In other Enterprise Financial Services news, EVP Mark G. Ponder sold 1,250 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $60.55, for a total transaction of $75,687.50. Following the sale, the executive vice president directly owned 23,526 shares in the company, valued at approximately $1,424,499.30. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.20% of the company’s stock.

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.