Globeflex Capital L P Acquires Shares of 14,579 Enterprise Financial Services Corporation $EFSC

Globeflex Capital L P acquired a new stake in shares of Enterprise Financial Services Corporation (NASDAQ:EFSC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,579 shares of the bank’s stock, valued at approximately $960,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Enterprise Financial Services in the 2nd quarter worth approximately $235,007,000. Wellington Management Group LLP increased its stake in shares of Enterprise Financial Services by 12.6% during the fourth quarter. Wellington Management Group LLP now owns 2,952,106 shares of the bank’s stock valued at $159,414,000 after buying an additional 329,346 shares during the period. Glenmede Trust Co. NA bought a new position in shares of Enterprise Financial Services during the first quarter valued at approximately $10,093,000. Bank of New York Mellon Corp purchased a new stake in Enterprise Financial Services in the second quarter worth $11,415,000. Finally, Millennium Management LLC lifted its stake in Enterprise Financial Services by 2,090.9% in the fourth quarter. Millennium Management LLC now owns 105,077 shares of the bank’s stock worth $5,674,000 after acquiring an additional 100,281 shares during the period. Institutional investors own 72.21% of the company’s stock.

Enterprise Financial Services Stock Down 0.2%

Shares of Enterprise Financial Services stock opened at $63.52 on Tuesday. Enterprise Financial Services Corporation has a 1 year low of $51.18 and a 1 year high of $68.73. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 12.63 and a beta of 0.79. The company has a 50-day moving average of $65.52 and a 200 day moving average of $60.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85.

Enterprise Financial Services (NASDAQ:EFSC) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.20). Enterprise Financial Services had a return on equity of 9.70% and a net margin of 18.72%.The business had revenue of $187.37 million during the quarter, compared to analysts’ expectations of $189.15 million. As a group, sell-side analysts anticipate that Enterprise Financial Services Corporation will post 5.31 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.34. Enterprise Financial Services’s payout ratio is presently 27.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EFSC shares. Keefe, Bruyette & Woods lifted their target price 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. Piper Sandler increased their price target on shares of Enterprise Financial Services from $67.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Wall Street Zen lowered shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Raymond James Financial lifted their price objective on Enterprise Financial Services from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Financial Services in a report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Enterprise Financial Services has an average rating of “Moderate Buy” and an average price target 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.